Page 17 Advertisements Column 1

New Zealand Herald, Volume LXV, Issue 20072, 9 October 1928, Page 17

Chrysanthemums and Dahlias. Prop are for Planting These Favourites. The Largest and Most Up-to-Date Collection in the Dominion to choose from. Send for Free Catalogue. BEDDING PLANTS. ROCKERY PLANTS. BOUVARDIAS AND HEATHS, ETC. SOW NOW—Spring Vegetables and Flower Seeds. Everything Worth Crowing for Sale at G. J. MACKAY'S, 98, QUEEN STREET, AUCKLAND. Nursery: Royal Oak, Onehunga. You have no excuse now for buying a Foreign-made Mower. BUY A QUALCAST LAST YEAR'S SALES INCREASE, ■ 90% THE ALL ENGLISH SELF-SHARPENING MOWER WITH A GUARANTEE. MODEL "G." MODEL "K." 9in Wheel 5 Blades. !2in. 14in. 16in. lOln. Wheels, 5 Blades. Special Cone Bronze Bearing. 55/- 60/- 65/- Type Ball Bearings, etc. Ball Bearing. 69/- 72/6 77/6. \Bm.^ MANUFACTURED BY THE DERWENT FOUNDRY CO. (1920), LTD., DERBY, ENGLAND. N.Z. Agents: Forder & Elliott, AUCKLAND. NEW ZEALAND'S PROGRESS DEMANDS IT! An honest effort by Highly responsible New Zealand business men to establish an adequately capitalised Organisation, on the principles laid down and practised by English and Scottish Investment Trusts, which occupy a highly important place in the Financial System of those Countries. ABRIDGED PROSPECTUS OF Registered under the "Companies Act, 1908. Dated Bth day of October, 1928. Filed Bth day of October, 1928. Nominal Capital .. .. £500,000 100,000 SHARES, £1 Each, are now offered for Public Subscription upon the following terms: 2/- per Share on Application, 2/- for Share on Allotment, and the balance in Calls of 2/- per Share at intervals of not less than 2 months. NOTE.—3O,OOO Shares have been applied for in advance before the issue of the Prospectus. FIRST DIRECTORS: JAMES FLETCHER, Chairman d Directors, Fletcher Construction Company, Auckland. ERIC HOUGHTON RHODES, Civil Engineer, Auckland. DOUGLAS KERR, Manufacturer, Auckland. . -WENDELL A PHILLIPS, General Manager, J. J. Craig, Ltd., Auckland. LEONARD JAMES STEVENS, Solicitor, Auckland. BANKERS: National Bank of New Zealand, Limited. SOLICITORS: BRANDON, WARD, & HISLOP, Wellington. L. J. STEVENS, Auckland. MOORE, MOORE, & NICHOL, Dunedin. AUDITOR: (To be appointed). SECRETARY: J. A. GENTLES. Messrs. Gilfillan & Gentles, National Bank Buildings, Auckland. REGISTERED OFFICE: 23, National Bank Buildings, Auckland. NO PROMOTERS' SHARES. No consideration of any kind has been given or promised to anyone in connection with the promotion of the Company, a brokerage of 21 per cent, only Ha payable for procuring subscription for shares. In fact, the establishment charges of the Trust will be smaller than those of any Public Company established in New Zealand in recent years. GENERAL OBJECTS. Tho Objects of the Company are:— 1 To carry on the usual business of an Investment Trust Company, aiming at obtaining a higher return on the capital employed than is open with safety to the individual investor, and also having special regard to certain principles of investment which are well recognised, but have as yet not been generally acted on in New Zealand. 2. To underwrite the share capital (in whole or in part) of a Company about to be formed. 3. To make advances on approved securities. 4. To acquire approved securities at discount, and or on terms that approved guarantees shall be held by the Company as 5. To underwrite Debenture and Stock Issues of established businesses. 6. To act as Trustee for Debenture Holders. The fundamental principle upon which such a Trust operates is the spreading of investment risks over a wide field by distributing the greater proportion of both its subscribed and borrowed capital m a considerable number of carefully selected Investments. This is similar to the principle underlying all insurance. Investment Trusts give the small Investor most of the privileges enjoyed by the man with large Investment Capital, but it is not to the small Investor alone that the Investment Trust should appeal--Financial Trusts have facilities for investigation which is often denied the private Investor. Few Investors could afford the time for such inquiries, even if they had similar avenues available th"" o *- A . leading feature of Investment Trust Companies is that the Shareholders Capital immediately becomes dividend producing. Unlike Commercial Concerns, there are no stocks to deteriorate or drop m value, no Labour Troubles, and the entire Capital of the Company is working for the Shareholders every day of the year. Far too many people either deprive themselves of a reasonable return by seeking safety only; or needlessly risk their capital in hazardous nnd fortuitous investment. Concrete evidence exists that in England and Scotland—-the Home of Investment Trusts—many choose to follow trained leaders rather than depend on their own judgment. ... T Trust Companies have i?reat advantages over the ordinary Investor —they do a considerable business in underwriting new Issues, and thereby either increase their revenue or get at the underwriting price Securities which they wish to hold. Many of the best things are offered privately to the Investment Trust before they are put on the market. To those who have hitherto deprived themselves of a reasonable return on their capital, the merits of a well-conducted Investment Trust should appeal. Applications will only be received on the footing of the full Prospectus and on the Form issued therewith. cw„. Prospectus, Full Information, and Form of Application for Sharer may be obtained from THE NEW ZEALAND UNDERWRITING AND DEVELOPMENT CORPORATION, LIMITED, Ground Floor, Premier Buildings, Durham Street Auckland. Hutchisod, Elliffe, & Cameron, Auckland Representatives. THE NEW ZEALAND UNDERWRITING AND DEVELOPMENT CORPORATION, LIMITED, ~ Ground Floor, Premier Buildings, Durham Btreet, Auokland. Please send me, without obligation, Prospectus, Full Information, ■and Form of Application for Shares. Name ................ ......«. •• • Address