Page 3 Advertisements Column 1

NZ Truth, Issue 817, 9 July 1921, Page 3

■ 1 ■.''-. ■■ , ■ ... 1° FREE OF INCOME TAX ' Offered for Public Subscription by Warehousemen and Woollen Manufacturers # 7 Issue of £250,000 m, Sums of £50— Repayable In 5 Years ORDINARY and Preference Shares have been offered to the They arc thus able to meet any. competition, and their old-established public from time to time, but none of these afford the same connections ensure a constant and growing demand for their products. . security as Debentures, which rank m priority over all other Thc _ t asset(J o{ A Company, as shown by the auditor's shares. Debentures are a form of security much m favour by City certificatef amount to £843,782, which is sufficient to cover these Councils Harbour Boards and other local bodies, who are, however, Debentures more than three times over. As the Debentures rank m restricted by Parliament from paying more than 5J4 per cent, interest t£> shareßf v will be Been that the debenture-holder is on the Debentures they issue. amply protected. Macky Logan, Caldwell, Ltd., offer the same debenture '■. Thft Com has onl to make 2 t/ 2 per cent, profit on its capsecunty, but bearing V/ 2 per cent interest. In addition, the interest .^ b order _ ore lhan -^ amount required to pay the wdl be paid free of income tax, which saves the investor a further .^^ on debenturcSi Th i s debenture interest must be paid Dj- m the x. . before any interest can be paid on the ordinary or preference shares. Investors whose savings are earning only 4 per cent, or per cent, per annum, will therefore realise that their capital, if put into SIMPLICITY OF INTEREST PAYMENTS, these Debentures, will bring them m nearly twice the amount of their ten i h 1 present income every year. Debentures will be for sums of £50, and will have coupons ' attached which may be cashed on presentation at any branch or the THE GROWTH OF THE BUSINESS. Bank of New Zealand on their due date, free of exchange. The business of Macky, Logan, Caldwell, Ltd., is one of the The principal will also be refunded at the end of five years, at oldest industrial institutions m the Dominion. , any branch of the Bank of New Zealand, without any deduction for Its warehouses and factories are established m every important exchange, centre of New Zealand. No matter m what part of the Dominion the investor may reside, vltis an enormous buyer of New Zealand-grown wool, for its h* wi? th « cfo , re . be able to f sasK5 asK ?°f°f f™& tHe loca [ banks mills m Oamaru and Timaru,. and its Manawatu hosiery factory; f ec «™S the Kdl amo H nt ofmterest, instead of losing a percentage, as ... , , jf* is the case with cheques. In rune years its turnover has increased 4oU per cent. r^-r> • • 1 r> l .. lv l * 1 if ' ■■• • Being Bearer securities, the Debentures can be sold or exchangProfits have been capitalised from time to time, and remain vi c( j jj de§lrec j at any without difficulty. c uaness- f act lt h at they we repa yable m full at the end of five Ihe capital has growa trom £ I ,SUU to &P4 l ,?^Z. yearg o bviates the possibility of depreciation, whilst a drop m the genA QAT7P QPTITRTTV era^ rate °^ mterest to'even 6 per cent, would make these Debentures A aAPIi fi^Ußlll. worth considerably more than their price to-day. The investor not only looks at the past history of. a Company, . . but also to its future prospects. I Macky, Logan^ Caldwell, Ltd., are m the unique position of Over £45,000 has already been subscribed being not only large wholesale importers, but also manufacturers. for these Tax-Free Debentures. t ■ , ..■ SAFE AND Authorised Capital ... .;. £800,000 o o High Rate of Share Capital (Paid-up) & Reserve Funds £541,522 13 2 SOUND Special Reserve ... ... £302,259 610 Interest Free SECURITY! loU] 'r '"T^JtJLI of Income Tax Surplus Assets Cover Amount of This issue More Than Three Times Over Applications for Debentures should be made i on the accompanying form. 25 percent, of the j APPLICATIONS FOR DEBENTURES purchase money (namely £12 lOs. ror each | Debenture)^hould be sent with the application, [ TO THE DIRECTORS, . cent - In tKl "f e months, and the balance MACKY, LOGAN, CALDWELL, LIMITED, within six months, interest is calculated trom the ahi-vi a-\it\ date subscriptions are received, and payment may % . P.O. Box 14^4, AUCKLAND. be made m full if desired. \ *#i '• ? 1 r r\ i i r j/rn lL•• ■ __ ■ „. „ , 1 • j : w e hereby apply for ..Debentures of ±50 each, haomg a The complete Prospectus may be obtained ■: "• o rrvj , , n » 7 7ir i r /nor from any Branch of the Bank of N.Z. or at any j currency of Fitie years, m terms of the Prospectus dated 15th June, I yzl . I'^mW^XßtKi" 0 ' I *«*«■«**<* fir.*: .-S««/eme n( . ,fc agree to pay _- £ m three months, and the balance within six months. MaCKy, LOgan, CaidWell, (Merest calculated from date of payment). LIMITED Full Name Head Office: Elliott St., Auckland | ■ . \ ■ \ Occupation • -•• > ••• Branches at WELLINGTON, CHRISTCHURCH, \ , IPUNEDIN.INVERCARGILL, NEW PLYMOUTH, j Tess „.'......*• GISBORNE, NAPIER, WANdANUI. | Woollen ' Mills at Oamara, Timaru, Ealmerston North Usual Signature • ''■'.■ . . j . . v '■• ; 2