A SOLID INVESTMENT.

New Zealand Herald, Volume LVII, Issue 17633, 20 November 1920, Page 8

A SOLID INVESTMENT.

(Published by Arf«nßcm«nt,l

NEW CAPITAL ISSUE OF E. KEEl'l', LIMITED. What constitutes one of the best investments yet offered to the public is tin issue of 50,000 7 per cent, cumulative pitference shares of £1 each, free of St'V Zealand income tax, by Messrs. E. Ilee<.e, Limited, the veil-known iron and ImrH waro merchants of ChrUtchurch. 'I he present company was incorporated 111 1916, to acquire the hardware busing founded by liio lafo Fdwal'd R«ce in 1856. Since the company's incorporation, its business lias increased by leap? *'"• bounds, For instanco the sales lor the year ending February 28, 1919. showed an increase over this preceding 12 month' of £7OOO. The sales for the year ending February 28, 1920, shotted an inney over the preceding 12 months of £30.0'0. while for eight months only to October 31, 1920, thcro was an increase over the same period of the proceeding year of no less than £45,000. These large meat's wcro made after tho war, when stock' were increasingly difficult to obtain, ami wero not tho result of the inflation of the cost of goods, as tho average of hardware values has been practically stationary during tlio cast two years. Tho rapid development of the business has called for fuurtlier capital to m' fl such expansion and to adequately <lea. with its increasing turnover. In no business will the demand for constructional material, consequent upon the termina tion of the war, be larger than in respect of ironmongery and hardware, and a loi>2 period of unexampled demand for such material may bo confidently predicted. A better investment would therefore be hanl to find, Copies of the prospectus and share application forms can bo obtained from any member of the Auckland Stack Exchange.

Travellers should wardl off touch and colds by having Pvnctba handy. Its heal inj vapours kill "the germs in nc/e and throat. Pya«tha nibbed on the ban& and nostril.?, or sprinkled on the liandker chief is pleasant and soothing. For Is 6d you get _ twice as many dotes as of moat similar preparaltoitf.—Cliemiats and Stores. Ths Hunkers pictorial school eierci." books are intensely important to a'! school children: only 4d at MelrernY It is tho unfailing regard for qualit* in everything offered that makes shop ping at M, and C.'s to satisfactory and economical, If flnfrrjhbed cotton' vests are needed, ask to see the number we 4r# offering at Is. -Milne and Choyce, Ltd.