Page 7 Advertisements Column 2

New Zealand Herald, Volume XXXVI, Issue 11150, 24 August 1899, Page 7

Public Companies Subscription Lists open on Saturday, 19th August, and close simultaneously in all the Colonies on Monday, 28th August. DUNLOP PNEUMATIC TYRE COMPANY OF AUSTRALASIA, LIMITED. (To be ncorporated in Victoria under the Companies Acts.) CAPITAL - - - £170,000. DIVIDED INTO 1 (a) 80,000 7 per cent. Fixed Cumulative Preference Shares of £1 each, fully paid. I Now offered to the Public. (n) 20,000 7J per cent. Deferred Non-cumulative Preference Shares of £1 each, fully | ~™mn r, 'i >a ' C ' c ,, , „ I Reserved for the Vendor in part payment (c) 70,000 Ordinary Shares of £1 each, fully paid, the dividend on which is not to exceed of purchase 9 per cent, in any year. Issue of 80,000 7 per cent. Cumulative Preference Shares of £1 each. TO BE FULLY PAID UP. THESE SHARES will be PREFERENTIAL AS TO CAPITAL. They will also be entitled to a fixed Cumulative Preferential Dividend of 7 per cent, per annum, payable half-yearly, and will be entitled to participate pro rata with the Deferred Stock in all dividends declared in any year after payment of a dividend of 9 per cent, on the Ordinary Stock. These Shares will be specially protected by the Articles of the Company, which will provide, as a fundamental article, that no Debenture or Mortgage on the assets of the Company shall at any time be given without the previous consent of at least two-thirds of the Preferential Shareholders for the time being of such shares present personally or by proxy at a Meeting to be specially convened for the purpose. PROVISION will also be made in the Company's Articles for the creation of a Reserve Fund of £40 000 for the further benefit of these Shares; and one-fourth of the net profits in each year, after payment of the dividends on the Fixed Preferential and Deferred Preferential Shares, will be placed to the credit of this Fund. The Dividend on these Shares will be paid Free of Exchange at the Bank of Australasia at Melbourne Sydney, Adelaide, Brisbane, Perth; and Christchurch and Auckland, New Zealand. ' SUBSCRIPTION for the above 80,000 Shares of £l each is now inriited, payable as follows: — 2s 6cl per Share on Application. Balance on Allotment. Note.— payment of the 20s (twenty shillings) per Share as above mentioned, no further liability whatever will attach to these Shares, and an Official Certificate to that effect will then be issued by the Company. THE WHOLE OF THIS ISSUE OF 80,000 SHARES HAS BEEN UNDERWRITTEN. DIRECTORS: The following Gentlemen have agreed to join the Directorate: — The HON. NICHOLAS FITZGERALD. M.L.C.. Melbourne (Chairman of the National Trustees, Executors, and Agency Co, of Australasia, Limited). JOHN GRICE, Esq., Melbourne (Director of the National Hank of Australasia, Limited). VALENTINE J. SADDLER, Esq.. Melbourne (Messrs. Raster and Saddler, Contractors). MAJOR F. G. HUGHES, 395, Collins-street, Melbourne, Also, in SydneyZ. C. RENNIE, Esq., Sydney (General Manager for Australia of the Mutual Life Insurance Company of New York). It is proposed that the Articles of Association of the Company shall provide that the qualification of each Director shall be 300 of the Fixed Cumulative Preference Shares and each of the abovenamed gentlemen ha» agreed to take up such Qualification Shares. BANKERS: THE BANK OP AUSTRALASIA. SOLICITORS: MESSRS. MOULE, HAMILTON. AND KIDDLE, Market-street, Mclbourno. BROKERS: MESSRS. J. B. WERE AND SON, 412, Collins-street, Melbourne 1 v - . MESSRS. WM. NOALL AND SON. City Bank Chambers. Collins-street. Melbourne ' * iciorro. MESSRS. HANDLE AND WILLIS, of Martin Place, Sydney \ v „„ q„„th Wnlen MESSRS. MULLENS AND COMPANY, of Eldon Chambers, 92, Pitt-street, Sydney J ,New , SO , w , aleß, MESSRS. HEDLEY L. TODD AND J. K. SAMUEL, Grenfell-street, Adelaide South Australia. MESSRS. CORRIE AND COMPANY, Brisbane Queensland. JAS. HENDERSON, Slmrebroker, Christchurch and Wellington 1 JOHN LOGAN. Sliarebroker, Dunedin f New Zealand. G. A. BUTTLE. Sliarebroker, Auckland. D. T. BROW NLIE. Hobart „, I Tasmania A. AND W. FOWLER, Launceston J PROSPECTUS. This Company is being formed to acquire, as a going concern, and carry on, tho well-known Business in Australasia of THE DUNLOP PNEUMATIC TYRE COMPANY (AUSTRALASIA), LIMITED, togethenvith its Goodwill, including Trade Marks, and Trade Name). Patent Rights, Leases, Plant, and Furniture, in Australasia; and an Agreemont has been entered into securing to this Company the exclusive rights throughout. Australasia for all inventions and Patent Rights relating to Pneumatic lyres that may hereafter belong to the DUNLOP PNEUMATIC TYRE COMPANY (Ltd.), of England, at cost price, and special facilities are also"given to this Company in regard to the purchase of raw material for the manufacture of Tyres. '1 ho English Ihuilop Company has agreed not to compete with this Company in Australasia, thereby securing to this Company the exclusive sales of the celebrated DUNLOP CYCLE TYRES, and also of'the DUNLOP CARRIAGE TYRES. , , . The Australasian business was formed by the world-famed DUNLOP PNEUMATIC TYRE COMPANY, of England, in the year 1893. The net profits for the Australasian business for the last year have been greater than for any previous year, and amounted to £14,707 19s lid, and the sales of Tyres in Australasia for the same year numbered 55,569. The Head Office and Manufactory ot the Australasian Company is situate in Melbourne, and the Company has Branch Depots (where a full supply of Stock is kept) at Sydney. Adelaide, Brisbane, Perth, and Christchurch (New Zealand). The business of The Dtinlop Pneumatic Tyre Company (Australasia), Limited, will be taken over by this Company as a going concern from the Ist day of August, 1899, and the Company will have the benefit of all profits from that date. The book debts of the Old Company oil the Ist of August, 1899. will belong to the Vendors, who will discharge all liabilities then outstanding. The accounts of the Australasian business have been submitted to the well-known Accountant, THOMAS BRENTNALL, Esq., F.1.A.V., who has given the following Certificate with respect to tho sales and profits for the last two years, and also as'to the sales for the present year up to the Ist July, and it will be noticed therefrom that tho business is worked practically on a cash basis: — '

424 Chancery Lane, Melbourne. 20th Julv. 1895. Messrs. Moule. Hamilton, and Kiddle, Solicitors. Melbourne. Gentlemen.-As reouested I have examined the Accounts of the Bunion Pneumatic Tyre Company (Australasia), Limited, for the Two Years ended 31st Januirv 1899 and bet: to report as follows —The Sales for the year ended 31st January. 1898, amounted to £76,029 7s lOd, and for tho vear ended 31st January. 1899. to £91.871 Os lid, being an average of £83.950 4s 4d per annum. The Net Profit for tho same periods was £11 975 8s 3d and £14.707 19s lid respectively, being an average of £13.341 14s Id per annum, and equal to over 15 per cent, per annum on the' net sales' The total Sales for the Si's Months ended 30th Juno, 1899, have reachod £48,854 Is sd, as compared with £44,296 7s Id for tho corresponding period of 1898. The number of Tyres sold during the last financial year amounted to 55.669. The business in nricticallv worked on a cash basis, the bad debts for tho two years under review representing less than (15s) fifteen shillings linr oont minn the turnover for the whole period. Tlie above flfrurcs speak for themselves as to tho magnitude and soundness of the business of the Company.-I am. Gentlemen, yours faithfully, THOS. BUEN'TNALL, F.1.A.V." As appears from the Accountants' Certificate, the net. profits for the year ending January 31st last were £14,707 19s lid, and as the preferential dividend on the present issue of £80.000 only amounts to £5600, THESE PROFITS WOULD ENABLE SUCH DIVIDEND TO BE PAID MORE THAN TWO AND A-HALP TIMES OVER. In addition to this, it will lie noticed from the certificate that the sales of the Dunlop Tyres for the present year exceed tho sales for tho corresponding months of last year. The recent reductions oil the cost of Cycles have brought them into universal use, and they aro now regarded in almost every household as it practical necessity, and there can be no doubt that the demand for DUNLOP TYRES will continue to increase each vear. It is intended to further extend the scope of the business .by introducing into these colonies the DUN LOP PNEUMATIC CARRIAGE TYRES, which are now so extensively used throughout Europe and America, The DUNLOP TYRES are the world's standard, and nearly all the principal cycle manufacturers throughout the world fit their machines with Dtinlop Tyres, and this Company will acquire the exclusive right for Australasia to the valuable Trade Marks and Trade Names of this business. The Vendor and Promoter, Richard Garland, Est]., Managing Director of The Dtinlop Tyre Company, Limited, Toronto, Canada, lias fixed the purchase price of the Goodwill. Trade Marks, Trade Names, Patent Rights, Leases, Plant, and Furniture, in Australasia at £135,000. The value of the Goodwill (including the Trade Marks and Trade Names, as well as tho benefit of the valuable contract obtained from the English Dunlop Pneumatic Tyre Company, Limited) has been apportioned at £125,000. Out of the purchase price, only £45,000 is payable in cash, the balance thereof being represented by the said deferred Preference Shares and the Ordinary Shares. The Company will commence business free from debt, and with a working capital of £35,000 (less only the usual brokers' commission of sixpence per share), which will be ample for all purposes, and will enable it to carry on its business on best cash terms. The business will be carried on without interruption, upon tho lines which have proved so successful in the past, AND AS THE HEAD OFFICE OF THE COMPANY WILL NOW BE IN AUSTRALIA instead of in England as heretofore, it is anticipated that the business will be carried on to better advantage than ever. The Contract for Sale and Purchase is dated 10th August, 1899, and is made between the said Richard Garland of the one part, and Frederick Arthur Moule, Esq., of Market-street, Melbourne, Solicitor, as Tinstoe for the Company of the other part, and provides amongst other things that the stock of The Dunlop Pneumatic Tyre Company (Australasia), Limited, shall bo acquired at cost price. The contracts between The Dunlop Pneumatic Tyre Company (Australasia), Limited, and The Dunlop Pneumatic Tyre Company. Limited), respectively, and the said Richard Garland, are dated the 15th day of May, 1899. The Vendor and Promoter will bear all cost in'relation to the formation of the Company up to Allotment, including tho payment of a commission averaging not more than 10 per cent, for underwriting the present issue, payable partly in cash and partly in the Ordinary Shares. ' The only preliminary expense which will be payable by the Company will be the usual brokerage of sixpenco per share on the Preference Shares subscribed for by the public. The said Contracts, and Mr. Brentnall's Certificate above referred to, and the proposed Memorandum and Articles of Association of the Company, may be inspected at the Office of the Solicitors to the Company. Applications for Share's must be made in the form accompanying, and sent to one of the Company's Brokers, with a cheque for the amount payable on Application. Where no Allotment is made the deposit will be refunded in full, and where the Allotment is less than the amount applied for, the balance of the deposit will be applied towards the instalment payable on Allotment. Allotment will be made in order of priority of application. Prospectuses and Forms of Application can be obtained from the Brokers of the Company; or nt the Offices of the Bankers or" Solicitors of the Company. Dated this 19th day of August, 1899. ,

Sure Cure for Colds When the children get their feet wet and take cold give them a hot foot-bath, a bowl of hot drink, a dose of Ayer's Cherry Pectoral, and put them to bed. The chances are they will be all right in the rooming. Continue the Cherry Pectoral a few days, until all cough has disappeared. Old coughs are also cured; we mean the coughs of bronchitis, weak throats and irritable lungs. Even tha hard coughs of consumption are always made easy and sometimes tors' by the continued use of Ayer's Cherry Pectoral Your own doctor will explain this to you. He knows that wild cherry bark is the best remedy known to medical science for soothing and healing inflamed throats and lungs. You may rely upon Ayer's Cherry Pectoral to stop your cough. Beware of worthless imitations. The name Avar's Cherry Pectoral is blow In the glass of each bottle. rut up In tiro sizes. withoutlflconvealence. R ' Each Capsule bears the name (ftlulj ® B Sold by all firtiffjitt. g teas jr— l ■ ifniMiniiiimuiiwn I Difficulty la expectoration. Attica, KimuCaigli!, I KITML . nutrtßctmiiit. .- •. _. JJ_ ■/, . ... ' I>U A:. • ■ " .*■