Page 6 Advertisements Column 1

NZ Truth, Issue 771, 14 August 1920, Page 6

ISSUE- OF 1O # 000 ORDINARY AND 10,000 6°/o Cumulative Preference Shares of £1 EacL ? (Registered under the Companies Acts), MANUFACTURING ENGINEERS. MAKERS AND IMPORTERB OF; FARJW MACHINERY. ' Head Office and WorKs: tiarlyle Implement and Machine Works, Christchurcii Authorised Capital ..• :.v " w n £200,000 ' Ordinary Capital, paid up ..- >.i :••' £68.245 Preference Capital, paid-up ...• !..■ w £77.008 Fronts m- Reserve./ .. •• •• •• * 11.621 DISTRIBUTING BRANCHES! Ashburton Auckland Dunedin Glsborne Hamilton Hastings Masterton New Plymouth, Palmerston North Wimaru BOARD OF DIRECTORS*. GEO. T. BOOTH, Chairman and Managing Director. SIR GEO. CLIFFORD, Bart . (Chairman of Directors, Canterbury Frozen J. A. PANNETT (Chairman of Directors, tf.2. Farmers' Co-operative Assn.) HUGO FRIEDLANDER, Auckland J. W. HARDING, Waipukurau GEO. M. HALL, Sales Manager PETER TROLOVH .'J BROKERS: _~7 iAay Member of tho Associated Stock Exchanges of Now Zealand. Business, and Assets of the Oonipany Bpoth, Macdonald & Co., Ltd., are engaged chiefly In the manufacture and Bale of farm machinery. The firm's Ploughs, Harrows, Windmills, etc., are at work on thousands of farms from the North Cape to the Bluff, helping to produce food and clothing for tho world. And they are pouring out of the factory and depots at the rate ot thousands per year. The headquarters are m cnristehurdh, and occupy tlvree acres of land, while tbe firm has freehold or leaso!hold premises m ten of the principal distributing cities and towns throughout the Dominion* In addition, the firm controls the Bole New Zealand Distributing 'Agency for a number of widely-sold machinery and other lines. Booth, Macdonald & Co., Ltd., specialise also m the supply of machinery for road making and similar purposes, and to that end have personally, and periodically searched the markets of the world for the most improved machines and methods. Its efforts to serve and assist local governing bodies m their plans for opening up inaccessible country and improving transportation facilities by the construction and maintenance , of good roads are appreciated. The following figures show how the assets have increased In the last five reara:?-? ' : -■••■ Freehold Plant, < Property. Tools, eto. Stooks. Total Assets. & & & & l&M aw 21,246 16,200 61,863 132,946 s . 1919 sw:- 43,424 30,140 127,250 276,922 Inoreaa* £22,178- . «18,949 £66,887 £143,976 ' , Properties are taken at book values after annual depreciations have been 'written off. Present market value of properties is several thousands of pounds higher. The same applies to plant. It is maintained m perfect running. order at the expense of current revenue. In addition, substantial amounts have been written off annually for depreciation. Booth, Macdonald & Co., Ltd., have the finest plant of its kind m the Dominion, and it is safe to say that it could not be replaced to-day for less than double the amount stated above. ,; Stocks are taken at cost price or less', and m many cases at considerably less than present market values. » The total assets are sufficient to pay off all liabilities (exclusive of capital) .three time* over. Booth, Macdonald & Co, Ltd, have never missed paying a dividend. During the Company's existence it has paid out' £93/406 to shareholders m dividends. . Growth of Business and Profits The following figures show that the turnover of the business has increased fivefold since 1900, and that net profits have kept pace: — Ib 1900 the sales amounted to £29,760 and the net profits to £1,605 „1905 „ „ £60,805 „ „ £4,248 „ 1910 „ „• £80,812 „ „ £6,026 „ 1915 „ „ £108,857 „ „ £9,033 „ 1919 „ „ £156,903 „ „ £12,899 Prospects of Company ; Commenting on the Issue now offered to th* public, Mr. Qeo. T. Booth, Chairman and aEanaglng Director, writes:-— f "In referring, during the war, to the prospects of this Company's business, '•specially In the period subsequent to the cessation of hostilities, X said: 'Rapid as has been the development of this Company's business m tho past, there will fee greater opportunities than ever In tho near future. Now ix the time to (prepare for the expansion which will undoubtedly follow the war. And it is up to New Zealand to see that her industries and commerce are adequately supported by looal capital, and the profits retained In the country to 6well our own rational wealth.' • "The war has happily come to an end, and we are experiencing 1 the expansion that I anticipated. Never have the prospects ahe«.d of New Zealand been so bright. There is an absolutely insatiable demand for almost all our products, ; at prices that would have seemed jlncredible a few years ago. And this demand .is not a flash m tho pan. There will be no considerable falling-off until the •wprld, now starving, no,t only for food asd clothing, but for practically all ikinds of goods, materials, and services, is adequately fed and clothed and provided for. And that time is too far distant for calculation. Production still lags lamentably behind requirements, and there can be no appreciable alleviation of existing conditions until supply catches up with demand and the world's wants • are reasonably satisfied. "To that end every farm should be worked to its utmost capacity, every factory should increase its output, every ship should be driven faster. "We are trying- to do our share. "We are employing more men and con- • Btantly installing new machinery of the most improved type for rapid and economical production. And pur efforts are being rewarded by a flow of orders "that more than taxes our present capacity. Wo want to do more and still "more. But expansion involves more and more capital. The weekly wages bill Is much higher than it was. A given quantity of raw materials, which it is necessary to carry m stock, costs from twice to four times what it did before •the war. Every Increase m turnover involves the use of additional capital." ' Reasons for Increase of Capital In addition to the Increased amount required as a result of larger turnover another important development requires further capital. In view of the very 'great demand for agricultural machinery m the northern portions of. the Dominion, the Company has decided to establish a factory m Auckland for the of its products, and has already secured a suitable area of land for the purpose. The erection of the buildings and plant will be proceeded with as rapidly as possible, and a considerably enhanced demand will no doubt result, while the saving m freights will be very great. Moreover, the difficulties Of Shipping from the Southern factory will be obviated. : Terms of Issue : ! The shares are of two classes — Preference and Ordinary. The former are fully preferred, both ag to dividend and capital, and are entitled to 6 per cent, per annum, paid half-yearly m March and September. Dividends on the latter are paid m March of each year. Under New Zealand law both classes of dividend are free of Income Tax. Both classes of shares are offered at par, and will stand on the same footiTie- resDectively as existing share capital of their class, and dividends will iiccrue from dates on which payments are received. Subject to a of 10- per cent, on the nominal/value of a share on nnnHcation. payments may be made m one sum or m four .equal instalments at .Intervals of three months from the date of allotment. . 1 t ' Applications will be dealt with m order of their receipt. • Copies of the Prospectus and Forms of Application may be obtained from $he Head Office of the Company at Christchurch or from any of its branches. Es3T»'««r<«>^»""*»'*"*' i> ''* v * ••♦••'•••**•*'**•*• ••*••••••••••••••••••"•••♦♦■•■••••».»•'• 5F6 the Directors pf BOOTH, MACDONALD & CO., LTD. jGtentlemen, 1.............. Ordinary ." " .......... .-. .-. ;'. ......... .Preference \ - * ' ■ Shares In the above-named Company upon the terms, of the Company's Prospectus dated the 15th day of June, 1920, and I hereby agree to accept the same k>r any smaller number that may be allotted to me, and I herewith hand you the sum of £ "being a deposit of Two Shillings a Share on Rhares In the above-named Company and agree to pay the balance of 18s per Share as provided hy the said Prospectus, and I authorise you to register me lltfth* holder of the said Shares. w flmß m pull i (Please state if Mr., Mrs., or Miss) I Address .... .'. ....... ... • • Description > ♦ • • • •;• •••••• •♦• • . ..'.-..•. t . * •t . ••« ......... Date .•• v.v.-v ............. ,\ . . . ..... .... •••-.