Page 12 Advertisements Column 1

Nelson Evening Mail, Volume LXXIII, 12 June 1939, Page 12

xi/dren's -Ste! COLDS Rub this pleasant oint'y ment on throat, chest and back. Avoids upsetting the stomach with internal “dosing”. Brings quicker relief because it fights a cold direct. e mEBEm

■' * *■’< -,;V. * n I abominate mediocrity” % m ■ Imitations never did appeal to me. Things have to be ‘real’ . . . and I have yet to learn that my natural preference for the best is other than most satisfactory in the long run. When it comes to tea, it must be ‘Amber Tips’ ”... not without good reason has “Amber Tips” been New Zealand's favourite tea for over 41 years. “Amber Tips” is blended and packed in New Zealand by New Zealanders for New Zealanders. ■ & v mm - M a M PS Tea /Teas Qhe Jlavoat Joing&ts Jooruj&t

This notice docs not contain all the information required to be shown in a prospectus and is accordingly not to be regarded as an invitation to the public to subscribe for shares. It is issued for the purpose of giving information te the public concerning the company. Short Particulars The WHAKATANE PAPER MILLS Ltd. A company incorporated on the 4th day of August, 1925, under the provisions of the Companies Act of New South Wales. 5i% First Mortgage Debenture Stock REPAYABLE IN AUSTRALIA Authorised Capital, £2,504,444 - Subscribed Capital, £2,032,162 - Paid-up Capital, £2,045,208 REGISTERED OFFICE: Q.N. BANK CHAMBERS, 27 Hunter Street, Sydney. NEW ZEALAND OFFICE: Whokatane, New Zealand. ORGANIZING BROKERS: PHILIP PRING & CO., Member of Sydney Stock Exchange. INFORMATION ABOUT THE COMPANY. J The Company is engaged in the manufacture of Groundwood Pulp and Paper Board. 9 The Company's Pulp and Paper Mill at Whakatane has taken over two years to erect and cost over * £500,000. The works are most modern and capable of extensive production at economic cost. Q The Plantations—pulpwood and land—are valued by Prof. H. Hugh Corbin, B.Sc.Ag.Edin., B.Sc.Lond., B.Sc.Adel., at £1,104,100. The Mill commenced production in March, 1939. The Company Is issuing Debentures totalling £2 00,000 partly to consolidate its current liabilities and partly to provide additional funds for working capital. Existing Shareholders of the Company have subscribed for In cash and have been allotted £68,000 of the Debenture Issue. £15,000 is being held on feserve for later issue and the balance of the issue, £117,000, is for public subscription. Ihe plant at Whakatane has a production capacity of 20,000 tons of Paper Board per annum, and during the coming 12 months the Company estimates producing and selling 12,000 tons of Paper Board. The net profit on output of Paper Board is estimated at £5 per ton, so that on a turnover of 12,000 tons * the total net profit would be £60,000. Profit required to meet 5* per cent, debenture interest is £1 I,CCO per annum. 10. Debenture interest will be payable In Australian C urrency half-yearly on March 31 and September 30. The Debenture Stock will be redeemed also in Australian currency. 11. The assdts of the Company taken at valuation provide an asset backing for the Debenture Issue of £7/10/to £l. If valued at cost—excluding capital appreciation of the Plantation due to growth— the backing is £4 to £l. Copies of the Prospectus with forms of application may be obfained from the Company's Brokers, Sydney, or any member of the New Zeelond Stock Exchange, or from any branch of the Union Bonk of Australia Ltd., or direct from the Head Office of the Company, 27 Hunter Street, Sydney, N.S.W., or from the Company's Office at Whakatane, New Zealand. List of Applications for Debentures will be Closed on 28th June, 1939