£9000 A DAY.

New Zealand Herald, Volume LIX, Issue 18276, 18 December 1922, Page 9

£9000 A DAY.

NEW ZEALAND ENTERPRISE.

Over £45,000 worth o! shares were applied for during the five days following the announcement of the share-offer-ing by the Mercantile and General Insurance Co., Ltd.

It is evident that the faith of the promotors in founding a new Dominion owned and controlled Insurance Company is well justified by the ready response from the general public. The wonderful success of the New Zealand companies already established proves that with capable management splendid dividends are returned to shareholders. Those who were fortunate enough to invest. *n tie South British Insurance Co., Ltd.. at the outset, for instance, have not only received a large annual dividend on the original investment of two shillings per share, but their capital worth L, 1-s to day, or an increase m value of I SCO are now invited for the first issue of 200.000 shares, payable 2 S on application, 2s on allotment and the balance in calls not exceeding 2s. It 18 anticipated that not more than 6s wtll be called up. . A«k to-dav for interesting prospectus, obtainable "from any branch of the National Bank, from the Head Office of the Company. 32. (Jrey St. Wehiagton, from the Auckland Office, 8, Onion Build, Customs Street, from tne loc.k broker. Mr. L. T. Symes. or from any member of the Auckland Stock Exchange. —(Advt.)