Page 10 Advertisements Column 1

New Zealand Herald, Volume LXXV, Issue 23061, 11 June 1938, Page 10

SHIPPING QRIENT L 1 N E. ROYAL MAIL STEAMERS TO LONDON. From Sydney, via Melbourne, Adelaide, Fremantle, Colombo, Aden. Egypt. Naples, Toulon, Gibraltar. Channel Port. xtORONSAY .. .. 20,000 Juno 18 JORONTES .. •• 20,000 July 10 tORAMA .. .. 20,000 Aug. 13 tOTEANTO .. . • 20,000 Sept. 10 •ORMONDE .. .. 1'1.853 Oct. 8 +ORONSAY .. .. 20,000 Oct. 22 {First Saloon and Tourist. tFirst Saloon and Tourist B. 'Tourist. One Class Only. xCalls Haifa. FARES: NEW ZEALAND TO LONDON:— First Saloon from £IOO Single, £176 Return. Tourist, from £45 Single, £Bl Return. Tourist B. from £42 Single, £76 Return. Above Fares are subject to Exchange. To Fremantle, Adelaide, Melbourne, Brisbane. Through Booking from New Zealand to Sydney, thence by Orient Lino round Australian Coast. U,S.S. CO. OF N.Z., LTD., Agents. P. & O. JyfAIL gTEAMERS. Sydney to London, via Australian Ports, Colombo, Bombay, Aden, Egypt, Marseilles, Gibraltar, Tangier and Plymouth. All vessels may call at any port on or off the route and the route and all sailings are subject to change or deviation, with or without notico FIRST SALOON. SECOND SALOON. TOURIST CLASS. tFirst and Second Saloon. "First Saloon and Tourist Class. Calls, a Port Sudan, d. Malta. , ■ J . Fares: New Zealand to London First Saloon, from £IOO. Second Saloon, from £76. Tourist Class, from £45. All Fares Plus Exchange and Tax. Local Agents: THE N.Z. SHIPPING CO., LTD.. itUSSELL & SOMERS, LTD.. Joint Agents, Tourist Class: HENDERSON & MACFARLANE, LTD.

So many off my shoulders MY sheerest thanks are due with the harassing worry of all the to you," writes one client multitudinous details that must be to the Guardian Trust, "for taking attended to for her protection. It so many cares off my shoulders." ls better- It Is more considerate, For here Is an institution with t0 ap p o |nt an executor or trustee, many years of accumulated expert- such aJ the Guar(Jian Trust> which ence and a staff of highly trained over the ent|re rejpon . men suited in every way to bear , , , , , th. heavy burden of estate admin. slbl11 " f ° r the !uccess,ul admln "- titration. Lot the Guardian Trust tratlon of the estate. assume the burden and remove it If you seek further information from the shoulders of those who, on this important subject, a confifrom the circumstances of the case, dential interview with the Manager are least able to bear it. can easily be arranged at your At.tlmeofdlstre».nd confusion »""»«■« °" d «. , -. . .... tion. from the circumstances of the case, are least able to bear it. At a time of distress and confusion It Is unfair to burden the widow Capital £IOO.OOO invested in N.Z. Govt. Securities. Additional liability of Shareholders £IOO,OOO. Assets under administration exceed £ 13,000,000. Over £1,000,000 new business last year. ".GUARDIAN trust AND EXECUTORS COMPANY OF NEW ZEALAND LTD. ( Incorporated by Special Act of Parliament, 1883) Mr. S. Austin Carr, Mr V. J. Lamer, Mr. K. B. Myers, Mr. B. R. N. Russell, Mr. P. H. Upton, Mr. W. R. Wilson, Mr. R. N-K. Swanston. General Manager: Mr. R. F. Ward Head Office: South British Insurance Building Shortland Street, Auckland. Branches and Agencies throughout the Dominion. GUARDS & GUIDES

„ . „ rfn „ not contain all the Information required to be shown In a prospectus, and is accordingly not to' b ®.' e3 ° r ?f£ «on invitation to the public to subscribe for shares. It is issued for the purpose of giving information to the public as ,an invitation to mo yuu., concerning the company. SHORT PARTICULARS TODD MOTORS CORPORATION LIMITED {lncorporated under Part 2 of "The Companies Act, 1933") 6% Cum* Preference Shares SHARE CAPITAL £500,000 Divided Into 500,000 Ordinoy Shores ofMO/- eoch ~ .. and 250,000 6% Cum. Pref. Shares of £1 each •• •• £500,000 (The 500 000 Ordinary Shares are to be allotted in part payment for the assets to be acquired as 1 ' mentioned in the prospectus.) DIRECTORS: CHARLES TODD, of Wellington, Merchant, Chairman. EDWIN PERCY YALDWYN, of Wellington, Retired Bank Manager. (Formerly Manager and Attorney '"New Zealand of the Commercial Bonk of Australia <Ltd.>, and Chairman »1934 and 1935) of the Associated Banks of New Zealand.) i«uu moody ALBERT ILOTT, of Wellington, Company Diw«Uir??Gove'nlng Director, J llott, Limited; Choirman of Directors, Golden Boy Cement Co., Ltd., Local Director, National Mutual Life Asiociotion of Australasia, Ltd.; Director, McKeniie's Department Stores, Ltd.). CHARLES PATRICK TODD, of Wellington, Company Director. DESMOND HENRY TODD, of Wellington, Company Director. BRYAN JAMES TODD, of Wellington, Company Director. ANDREW TODD, of Wellington, Company Director. SECRETARY: ALLAN HARRIS, Company Secretary, Wellington. BANKERS: THE NATIONAL BANK OF NEW ZEALAND, LIMITED, Wellington. SOLICITORS; MORISON, SPRATT, MORISON AND TAYLOR, 154 Featherston St., Wellington, C.l. AUDITORS: ERNEST HUNT, TURNER AND HESLOP, 127 Featherston Street, Wellington, C.l. ORGANISING COMPANY: FINANCIAL SERVICES, LIMITED (Instructed and directed by John S. Barton, C.M.G.), Bethune's Building, Featherston Street, Wellington, C.l. REGISTERED OFFICE: 110-116 COURTENAY PLACE, WELLINGTON, C.3, Information about the Company 1 The new company is being formed to acquire all the shares in Todd Motors, Limited, and Todd Motor Industries, ' ' Ltd Wellinqton. These two operating companies are closely co-operating. x Tori'A Motors Limited is acting as importer of the C.K.D. vehicles, as wholesaler and distributor of the manuLcwrrf vohictes ond copies In hire-purchose finonce business, whereas Todd Motor Industries, Limited, assemble the vehicles on account of Todd Motors, Limited. The whole of the net profits of this inter-working will be pooled in the new company. 2. Profit required to meet' 6% pref. dividend is £15,000 per annum. 3 Certified*combined profits of Todd Motors, Limited, and Todd Motor Industries, Limited were £B4 775 (ineludes £35,668 deferred profits) in 1936 and £110,273 in 1937 For six months only to March, 1938, Todd Motors, Limited, profit was £61,826, and Todd Motor Industries, Limited, for twelve months, £12,347. The ' figures are subject to income tax. 4 CAPITAL RESERVE ACCOUNT. The purchase of the shares by the new Company is to be made on the basis of the retention in the business of the profits to March, 1938, and the assets representing them. No dividend is beina Daid by either of the operating companies out of the profits as at March 31, 1938; to the Vendors. In the books of the operating companies the total sum of £74,173, being the whole of the. net profits of both ' operating companies as at that date, subject to income tax, wMI be transferred to Capital Reserve Account. ' 5 PREFERENCE DIVIDEND EQUALISATION ACCOUNT. The Vendors of the shares, who are the holders of the ' ordinary shares in the new company, hove agreed that the first profits of the new company available for dividend shall be appropriated before any dividend is paid on the ordinary shares in the new company as follow* (1) Payment of 6% Preference Dividend. (2) Transfer to a Preference Dividend Equalisation Account, £15,000. Thereafter further annual transfers of profits to the Preference Dividend Equalisation Account are to be made In priority t& Ordinary Dividends until the sum of £30,000 in all has been so credited to Preference Dividend Equalisation Account. 6 In addition to the above information taken from the prospectus, a review of the profit and loss figures shows " ' that for the thirteen years, 1926-1938, the combined average profit was £34,114. This was after providing for all expenses but subject to income tax of Todd Motor Industries, Limited, since Its inception, and Todd Motors, Limited (which, prior to incorporation in 1931, traded as Todd Motor Company), whose figures include £35,668 deferred profits in 1936. Copies of Prospectus and Forms of Application for Shares may be obtained, from any member of a yew 'Zealand Stock Exchange or from any Branch of the National Bank of New Zealand, Limited.

BANK OF NEW ZEALAND Abridged Balance-Sheet as at 31st March, 1938 LIABILITIES. £ ~<LASSETS CapitalPreference Shares issued to the New Zealand Government C Long-Term Mortgage Shares issued to ' the New Zealand Government .. / D Long-Term Mortgage Shares .. •• Ordinary Share Capital • • .»• Reserve Fund (Invested in British Government Securities Long-Term Mortgage Debenture Stock Notes in Circulation Deposits •. • • • Balances due to Other Banks •• • Bills Payable and Other Liabilities .. . .Reserve for Taxes ... London Office acceptances under credits Transfers from Long-Term Mortgage De partment .. £ s. d. ASSETS. Coin, Reserve Bank Notes and Deposits with Bankers 1,875,000 0 0 Notes of Commonwealth and Fijian Governments and Samoan Administration . • 234,375 0 0 Balances due by Other Banks 468,750 0 0 Money at Call and Short Notice, Government 3,750,000 0 0 and Other Securities, and Bills Receivable ... in London and in transit .. . *j 6.328,125 0 0 Investments in Government, Municipal and „ other Local Bodies' Securities in New 3,575,000 0 0 Zealand and Australia .. • • • • 607,050 0 0 Remittances in transit between Branches .. 627 0 0 34,731,532 4 7 51,402 13 4 gj|| g Discounted and other Advances and 4,582,270 16 1 Securities and Debts due to the Bank 426,000 0 0 L an ded Property, Premises, etc. 61,263 19 4 Liabilities of customers for acceptances, per contra .. .. •• •• 399,113 0 9 Long-term Mortgage Department •• .«• 50,762,384 14 1 PROFIT AND LOSS. Net Profit for Year 'Brought forward from last year Less Interim Dividend Balance of Profit and Loss Account £ s. d. 583,209 5 11 364,889 17 3 948,099 293,359 654,739 15 8 £51,417,124 9 9 £51,417,124 9 9 LONG-TERM MORTGAGE DEPARTMENT LONG-TERM MORTGAGE FUND— £ s. d. - Capital .. .« •• •• 703,125 0 0 Loans .. . Capital . i Debenture Stock • v v juuuiio , , 607,050 0 0 Transfers to Bank £1,310,175 0 0