Page 6 Advertisements Column 1

New Zealand Herald, Volume LXVII, Issue 20554, 3 May 1930, Page 6

An Outstanding Investment! Offering Exceptionally Generous Yield and Excellent Security., ISSUE OF QOL CUMULATIVE 7 /0 PREFERENCE SHARES FREE OF INC HOTEL SAVOY LTD. SYDNEY, NEW SOUTH WALES. CAPITAL: £200,000. Divided into 200,000 Shares of £l each, as under: 80,000 Cumulative Preference Shares, 90,000 Ordinary Shares, 30,000 Shares in Reserve. Of the above 50,465 Preference Shares and 71,817 Ordinary - Shares have already been subscribed in Australia. DIRECTORS: SIR ARTHUR RICKARD, K.8.E., Sydney. Chairman of Directors Hotel Sydney, Chairman of Directors Hotel Ranelagh (Country Club). Chairman of Director, Hotel Windsor, Melbourne. ... c. j r OTWAY R. FALKINER, of Boonookc Station, the world-famous Merino Mud J-arm, NS W ' E I TAlf. Esq., a Director of J. C. Williamson. Ltd.. Sydney. 5 ROBERT WALDER, Esq.. Proprietor of Exchange, Rose Bay and Punchbowl Hotels. Sydney. BANKERS: The National Bank of Australasia, Limited. Head Office, Sydney. ARCHITECTS (in Association): Messrs H. E. ROSS & ROWE. Consuiting Engineers and Architects, Sydney. Messrs. PLOTTEL. BUNNET & ALSOP, 31, Queen Street, Melbourne. SOLICITORS: Messrs. SEPTIMUS G. ROWE-& COMPANY, 84, Pitt Street, Sydney. AUDITOR: E. S. WOLFENDEN, Esq., F.C.A. (Aus.), A.I.A. (London), Chartered Accountant (Aust.), and Consulting Actuary, Mercantile Mutual Building, 117, Pitt Street, Sydney. REGISTERED OFFICE: Watson House, 9-13, Bligh Street, Sydney. NEW ZEALAND SECRETARY: H. F. O. TWIGDEN, National Bank Buildings. Fort Street, Auckland. The New Zealand Quota of this Profitable Issue is limited to 25,000 Cumulative Preference Shares at Payable 2/6 on application, 2/6 on allotment, And the balance in calls not exceeding 2/6 per share at intervals of not less than one month. Objects: The Company has been formed and already registered, and its principal object is the reconstruction of the wellknown "Daily Telegraph" building into a luxurious residential hotel, to be known as the Hotel Savoy % Ihe contracts for reconstruction were let last November and the Hotel wil! be opened in June. The present Daily Telegraph " building is well known as one of the finest edifices in Sydney, and stands on a site unrivalled for the purposes of n high-class hotel, on the corner of King and Castlereagh Streets, in the heart of Sydney. It is soundly constructed of brick and stone, and when the proposed structural alterations have been completed, the Hotel Savoy will undoubtedly rank as Australia's leading hotel. The purchase prico at £305.000 Is a very favourable one, ns the Company has obtained a valuation from Messrs. Richardson & Wrench. Limited, of the land, and f rom Messrs. H. E. Ross & Rowe of the existing building. These valuations aggregate J8379,300 —or £74,300 more than the Company has paid for the property. Originals of the two valuations may be inspected at the Registered Office of the Company. Summary of Estimated Annual Profits: Tho following estimates have been very carefully prepared by tho Directors and other competent persons, partly from information at their disposal, partly from their own considerable experience, and partly on the advice of experts. Tho statements havo also been subjected to an independent critical analysis and examination, and are now put forward by the Directors with confidence as the anticipated trading results of the established business. Estimated Annual Income .. .. .. £84,193 Estimated Annual Expenditure .. .. £52.656 Net Profits before Taxation Less Income Taxes at current rates ... £31.535 .. £6,701 Net Profits Available for Distribution .. £24.834 The above sum would be sufficient to provide for Dividends as under:—■ Preference Shares, 80,000 at 99?> per annum £7,200 Ordinary Shares, 90,000 at, say, 15% per annum .. £13,500 Absorbing n total of . . . . . . £20,700 After which there will remain a surplus available for further distribution, or for Reserves to pay off Establishment and Preliminary Expenses, amounting to .. £4,134 Profits of Other Leading Sydney Hotels The Hotel Sydney was opened in 19 12. The Company was reconstructed in 1923, when two new shares were distributed for each share held prior to reconstruction, and ha 3 been paying 10 c 'o for a number of years. Usher's Metropolitan Hotel. Ltd., was registered in 1913, and reconstructed in 1920, when ordinary shareholders received two new shares for each share previously held, and is still paying handsome dividends. Hotel Metropole, Ltd., was also reconstructed in 1920, when five new shares were distributed for every tour shares in the old company, together with a cash dividend. Present value of shares, £l/11/6. The Australia Hotel Company, Ltd., credited out of Reserves a sum of 10/- per share on 50.000 shares in 1920, and a further sum of 12/6 per share on 126,866 shares in 1925. The high dividend rate is being maintained. The Directors of Hotel Savoy, Limited, are therefore confident that the Company, under skilful management, nnd with its greater advantages of location and structure, will achieve success at least as great as that of its contemporaries. Hotel Savoy Will be Linked with New Zealand Hotels The Company has been fortunate in that MR. ELIOT DAVIS has consented to act in an advisory capacity in New Zealand. Arrangements are in course of completion for linking up THE HOTEL SAVOY on the chain system with the highest class hotels throughout Australia, while in New Zealand negotiations have been completed with the proprietors for the linking up of AUCKLAND'S WELL-KNOWN HOTELS, the GRAND and CARGEN. and the GRAND HOTEL at ROTORUA, and it is hooed in the near future to further link up throughout New Zealand's main centres. No Loading This Issuo Is being offered to the public with no bonus shares, no promoters' shares, no loading ibf any kind. APPLICATIONS As there is only a strictly limited number of shares available to New Zealand investors, early application should be made to the Brokers, Messrs. Colbeck & Griffiths, Ltd., or to any member of the Auckland Stock Exchange.

MOTOR SERVICES. VV A PLYMOUTH-AUCKLAND. Ji THE ONLY THROUGH m « SERVICE. >*o CHANGE OF CARS. Leave New Plymouth 8 a.m., duo Auckland 6.30 p.m. Leave Auckland 7.45 a.m., due New Plymouth 0.30 p.m. ROOMY LIMOUSINES ONLi. With NO Dickey Scats. FARE. £3 53 Single. Also Car leaves Hamilton 8 a.m.; due New Plymouth, 3.30 p.m. Booking Offices: All Government Tourist Offices and Cook's Tours. Also Auckland While Star Office, 20, Customs St.. Phones <4-138, 42-468.. Hamilton, Newby's White Star Booking Office. Phone 2947; Paul's Garage, 2167; Te Kuiti, Gibson's Motors, 357. G-IB SON'S MOTORS, LTD., New Plymouth. |( Phono 357. Telegrams: " Whiteslar. O* /-10RBETT AND WINDER'S L/ auckland-tiiamls-COROMANDEL ROYAL MAIL WHITE STAR ' PIONEER SERVICE. Leaves White Star Office, 20, Customs St., Daily 8.30 u.m. and 3.30 p.m. Leaves Thames, 7.30 a.m. and 3 p.m. Sunday: Leaves Auckland, 6.30 p.m.; Thames. 9.30 a.m. Fare; Single, lis (id. Phones: "Auckland, 42-408, 44-138; Iharoes. 21L and 263. Mercury Bay: 'J'ues. and Thurs. onIy.—CORBETT AND WINDER. Xeavo Auckland: 7.45 a.m. " !) a.m. ' 1.30 p.m. fib 3 p.m. yf jJk 6 R.m Fare to Hamilton. 10s. jy-OTORS Leave Hamilton! 0 a.m ~7 11.15 a.m. 1.15 p.m. W 3.15 p.m. M 6.30 p.m. To Rotorua, 20s Limousine Cars, no dickey seats, leave WHITE STAR OFFICE (Cor. Customs and Commerce Streets). iPHONE: 42-468. 44-138. (Hamilton. 2947.) "DOTOIIUA MOTOR TRANSIt PORT CO., LTD. Finest ffihk Fleet of Cars in N.Z. Comfort, wt Safety. Auckland to Rotorua and vice versa. Daily, 9 a.m., 3 p.m.; Sun., 3 p.m. only; JEI. Rotorua to Whakatane, Opotiki, Gisborne, Daily, 6 a.m (Sun also). Rotorua to Whakatane and Opotiki, Daily, 12.15 p.m. Gisborne to Rotonia, Daily, at 6 a.m. (also Sunday). Connects 3.30 p.m. enr to Hamilton and Auckland Daily. Whakatane. 15s; Opotiki, 255; Gisborne, 50s single, 90s return. Rotorua to Wairalcei, Taupo, Napier, Daily, 8.45 a.m. Oldest, largest firm in Rotorua. Phones 19 .and 353. Wires, " Motoco," Rotorua. Branches- Whakatane, Opotiki, Gisborne. Book Thos - Cook and Son, Govt. Tourist Bureau, or White Star, Customs St. T*7" A I H I - jw P A E R O A •\y A i H-I - TRANSPORT CO., LTD. Leaves White Star Office, 20, Customs St. East, for JPAEROA and WAIHI, 7 a.m., 11 a.m. and 3.15 p.m. TAURANGA, TE PUKE. TAKE. ATUA, 7 a.m and 11 a.m. Sunday leaves Auckland 10.30 a.m and 6 p.m. Book Seats: Phoneß 4-1-138 and 42-468. \ UCKLAND-KAITAIA, Daily. - Hutley's XI Motors. Our Service Cars leave Otiria Junction for Kaituia, Awanui and all Xortherij Districts on arrival Auckland Express, 4.37 p.m. Book Seats by collect wiic.— Hutlev Bros., Otiria or Awanui. VARD, Auckland, Holensvllle, and Hot Springs,—Leaves Auckland, 10.30 a.m. and 3.30 p.m.—Robinson's .Service. Phono <l-658,