Page 10 Advertisements Column 3

New Zealand Herald, Volume LIX, Issue 18076, 28 April 1922, Page 10

ii A sound manufacturing proposition like this, with an j important market ready and waiting for its products, | is one of the safest investments that can be obtained. | | (A Company to be incorporated under "The Companies Act, 1908.") j n• a f .li jl @JL 1 O 1i! Will the quality of the products of this I Points for the Investor I anirol T 311 111 111 Company compete satisfactorily with || The initial plant will be capable of producing 400 jjjktfr JL I&iAJI 0W A w|V j|j ose o y erse a manufacturers ? i I gross of hand-blown bottles (quarts) a week, valued at M " i! £1,000. The cost being estimated at £587 7s. 2d., this Ji 1 S!A AAA fl a«a' Yes, because the plant will be thoroughly modern, j leaves a weekly profit on one tank of £412 12s. lOd. 1/IvIQGO. IHEO IOUjUI/U OiIaFSS Off c£» H ©01*11 anc j wiD consist of the latest machines for the highest | Working for eleven months a year, and allowing for manufacturers. Among a ° r cost of overhaul dunng the idle month, 33 1-3 per cent. Of which 96,000 Shares are offered to tho public on the following termfl.'--5/- per Share C J^ S Articles per minute without' any ; depreciation, ovetbead expenses, etc., the approximate on application; 5/~ per share on allotment; and tho balance in calls of not more thaji 2/6 work and is reco g n i a ed the world over for its fine i nett yearly profit from one tank is £12,878 16s. Od. P® r Share at intervals of not less than one month. work, which includes bottle making of every de- § These figures are based on ACTUAL costs of March, Four thousand Shares, fully paid up, are to be allotted as shown in the Prosp&ctuß. scription. ji 1922 N v B Fifty thousand Shares are to be held in reserve for future issue if necessary, or may bo , L • • L 1| Given favourable conditions, the com- issued in such manner or for such purpose as the Directors of the Company may determine. A Fruitful JOUrce 01 information, emphasising the j j plated works of four tank* should earn jnccejs awaiting the New Zealand Glass Works, I FOUR tlmee this profit. PROVISIONAL DIRECTORS i jj jjj ft p enjsa J 0 f tb e operations of the Australian j During 1920, £125,163 worth of plain bottles (Who will hold office until the conclusion of the statutory meeting at which the permanent r , . f. If J : n tl (empty) were imported into New Zealand. The total Directors will be appointed.) Glj*> Manofadnrers ltd., published m the J cost of glassware importod during that year being WILLIAM RAMAGE TATE, Christchurch, Glassworks Manager. AuJltfaliall Investment UlgClt. | £604,975. Thus showing the large and important mar- JOHN ALEXANDER REDPATH, Junr., Christchurch, Merchant. ket existing in this country ready to absorb the pro- ALEXANDER BTOERIE DUNCAN, Christchurch, Company Manager. A REVIEW OF FIVE YEARS' OPERATING OF THE ducts of tho proposed Glass Works. AUSTRALIAN GLASS MANUFACTURERS CO. LTD. It must also be known that several classe* of BANKERS: THE NATIONAL BANK OF NEW ZEALAND LTD., Christchurch. (From the "Australian Investment Digest," page 221, tJLTm almdyTumble th« SOLICITORS: GARRICK, COWLISHAW, ALPERS, and NICHOLLS, Christchurch. Augustj m) w?, nu„ Wftr vl INTERIM SECRETARY: F. W. DEIGHTON, F.CJLA., 183 Cashel Street, Christchurch. Pr " CHIEF BROKERS: STEWART, BECKETT & CO., 152 Hereford Street, Christchurch. Jear Gross Dmdend Added to An important feature contributing to the success Ended Profits, etc. /„ Reserves of th. Company i» th. f«t that th. Lading Manu- THE OBJECTS. f 9 i' B gjgj g factunng Chemists ana Brewers have agroed to pur- rp^ e i 8 being formed for the purpose of securing a suitable site at Hornby, March, 1919 £73,025 6% £16,560 £6,589 chase their supplies of new bottles from the Company, Christchurch, Now Zealand, and erecting thereon suitable buildings and plant for tho March, 1920 £114,943 8% £22,080 £32,626 conditions being equal or nearly equal, in preference purpose of the manufacture of glassware of all descriptions, and to carry on tho business March, 1921 £136,545 10% £42,959 £22,555 | to going outside the Dominion for supplies. It is of Glassware Manufacturers or any branch of the industry, and to market the products f| that tHim will nlaoe the Comoanv ° f such manufacture and business incidental thereto. "Over a period of five yean' trading the Australian H estimated tnav true will piaoe tne uompany G]aga Manu f acturerg Ltd. added the sum of £74,543 to on ft profitable basis of nnniuftiotupin£ In miwimiiiub reserves. Of this amount £39,429 was capitalised in alx months. MINIMUM SUBSCRIPTION. June 1920, when one share for every seven held was | The mat bulk of the labour employed is mid on The minimum subscription on which the Director* may proceed to allotment is 315,000 gj yon to t h o shareholders. .la addition to this alO per i represMtln? 8 MmiD " ,llu ° oi " Brtr ' l " B thooMl pou,,d '- 3* ™i* *" *«• -«■« t th. baginning A MOST SUITABLE SITE. ;, Th# „ , go<ld pro#t . MrMrj The importation of trown, Sheet, and Common The proposed site adjoins the railway at Hornby, near Christchurch, and within an( j as t jj o demand in Australia for Glass Products is I Window Glass amounted to £231,865 in 1920. It is reasonable distance there is an ALMOST INEXHAUSTIBLE SUPPLY OF THE NECES- much in excess of the local supply, it seems highly ! proposed that the Company will undertake the manu- SAKY RAW MATERIAL, which the Government Analyst's report of February 6th, 1922, probable that tho earning power of tho Company will ij facture of this class of glass when the works are com- shows to bo 98.26 Silica (tho basis of Glass manufacture). This is almost the highest continue to grow. . , During the past year (1921) |i , . . Silica value sand obtainable anywhere in tho world. The value of this bountiful supply of over £ 27)6 00 was spent on land and buildings, while g " • raw material must not be underestimated, as it is the foundation for the successful and p ast y ear ' 9 outlay on plant and machinery, after B Plain Glass Jara will also bo within the scope of profitable operating of a Glass Works. providing for depreciation, was over £137,000." H tho Glass Works—£23,s23 worth of theso wore im- g portod in 1920. PLANT AND EQUIPMENT. The Australian Glaas Manufacturers Ltd. operate m x . , , . ... v, TO T5 rr */J. ». k J * under the same conditions of labour, etc., as those g In view of the acute shortage of glassware dunag Arrangements have been completed with Mr, W. B. Tate (who has had extensive expen- w jj at e jjjg ,j one Australia | the war period, it is reasonable to suppose that the Gnco G' ass manufacture in the United States and Australia) to eventually instal four com- can this country. | Government will givo favourable consideration to the P let P Siomen's Tanks and equipment which will be capable of applying practically all the , 6 needs of New Zealand for gonoral glassware, including:—Bottles, tumblers, jam jars, jugs, | question of protoction. ordinary and improved syphons, fancy and ornamental glassware, glass for scientific pur- Will tilisNsW Zeftia&d GlaSsWofksbe able | The proposed site is adjacent to tho main trunk poses, sheet and piate glass, fireproof glassware for cooking utensils, etc. . •» . « | line, providing facilities for tho receiving of coal, and INITIAL ESTABLISHMENT COSDpete With OVCFSGa IHailQiacfUf<2FS. j tie despatch of finished pn,dn«te. „ orf , r , h „ di , ideo(l , bo Mrned inune di«t.l)., it i. propeecd to comme.ee opera- . Y «> bo " Be .V*' S A few minutes' conversation with any manu- tions with one siemen's Tank and Lehir, together with necessary equipment. It is esti- f nc f 3 for ,ts ™w i facturer using glass bottles will reveal the fact that a mato d that this can be effected at a cost of £23,000. But it must bo noted that this amount consume]rs, t)he in anablie lo st r ugh breakglass works has been a necessity to the Dominion for covers tho purchase of 25 acres of laod for tho site of tho complete factory, and also tho tfrtLlW «irH as a restrictive duty and several classes !' \ vftftrs oreotion of offices, batch house, machino shop, and warehouse. This will place the works .rtu ly ' , , . on a profit-earning footing in tho least possible time, and enable the completion of the total l?l aßSware arc a ' rea "J dutiable. ~' works to go forward unha npored. Any Member of the Christchurch, cmtth RHI TIPK Company's Chief Brokers: Or from Any Branch of i Wellington, or Auckland Stock Dunedin ' STEWART, BECKETT & CO., the Company's Bankers: ii Exchange. 152 Hereford Street,Christchurch The National Bank of New Zealand | v The Company will pay exchange on all monies remitted by applicants. Applications will be dealt with in order of their receipt, 8 and, in case of being over-subscribed, the Directors reserve the right to make pro rata allotment, or to decline any allotment. I Prospectuses obtainable at any of the above addresses |;

winter Drapery and Clothing Men's Department. Showroom. Ladies' Smart Velour coats, good shades and latest styles Men's Trench Coats, all sizes.—Worth 50/-. Now, 35/-. —£4 10/., £5/10/-, £6/10/-. Men's Heavy Tweed Overcoats, double-breasted.—69/6, Indies' Tweed Coats, in Brick Brown, Blue, and Purple. 79/6. ' 1 -Special, 39;6, 45'-. Ladies' Smart Tweed Coats, in pood shades with black Men's Roslyn Saddle Tweed Trousers, all w001.—24/11. f m . collar —65/-. ' Men's Cotton and Wool Singiets, best English make.— Ladles' Sports Coats all wool, variety shades, in smart 7/11. styles.—2l/-, 29/6, 36/6, 49/6. , _ . „ . Ladles' All-Wool Jumpers, good variety.-10/11, 17/6, Men's Cashmere Sox, splendid value.—l/ 9. 18/11. Men's Grey Colonial Sweaters.—l 7/11. Ladies' Cream Flanneiette Nightdresses, high neck and long sleeves, worked front, 10/6; low neck and short sleeves, scalloped. 8/11. Ladies' Cream Flannelette Underskirts, in heavy quality, >> i , rv . , scallopod edge, 9/11; ditto, scalloped edge, and Manchester Department. T 10 /« * Ladles' Black Sateen Underskirts, twill, good quality.— W., 9/6; 0.5,, 10/6. Horrockses' Calico, 36 inches.-l/ 61. PI' 65 ! IT? ceyei i, e B u lous ?, 3 ' in Cream and striped.--7/11. ' " Ladies' Natural Combinations, good quality and shape.— Crewdson's Calico, 36 inches.—l/ 31. 11 / 9 » 12/6, 14/6, twi. ao' oi' , Ladleß ' Warm Spencers.-With long sleeves, 5(3; with Towols, Brown, 42m. x 23in., special value.—4/6 pair, short sleeves, 46. Towels, White, 44in. x 20in., special value—2/0 each Ladieß ' Fteecy-linea Bloomers,--Cream, 5/11; Navy, 6/6; Grey, 5/11. White Turkish Bath Towels, 60in. x 27in.—5/3 each. Ladies' Cashmere Hose, all wool.—Special Value, 3/9. <mmm^mmmmmmmmmm•^^^mmmm^ammm^mmamm,^^SSS!SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSIS^S^SISSS——!''"' ,