Page 16 Advertisements Column 2

NZ Truth, Issue 1017, 23 May 1925, Page 16

THE NEW ZEALAND Gf T A ¥^ A MHP ¥*? TT* %J -TTL K. /%. T^l 1 Hi Hi Corporation* Limited / CAPITAL - £500,000 ISSUE OF INCREASE OF CAPITAL 150,0^0 £1 ORDINARY SHARES Invent yotir money m a Company^ of assured standing. The New Zealand •-• ■ • — , „.' Guarantee Corporation Limited is die pioneer organization m New Zeal(^OtnpOtiy arid tjo^finance credit sales of motor^vehicles. It was .successful from the ; ' . very start,^ and imposition Has been steadily growing stronger. : The present offering of 150,000 Shares is portion of aiiew issue of 200,- --:.-■'■ 000 Ordinary Shares, 50,000 of "which^ were^'issued /to Shareholders, and were largely over-subscribed— -over 90, 000 "having been applied f or. Before the Prospectus was issued, reservations of over 20,000 shares were also made by the public. ' ■/' The balance of the 150,000 Ordinary Shares are now. offered to the pubv ' lie at a premium of 2/- per share on which there will be payable 2/per share on application and 4/- per share on allotment (which includes 2/- premium). The balance will be payable at such time or times as the same may be called up, but no call will be made of more than 2/- per . share; no call will be made payable before the Ist day of September, t 1925, and there will be an interval of at least 3 calendar months betweencalls;. It is anticipated that the shares will not be called up to more thani. 8/- or 10/-, including the premium. ' ' Gretit c C or P° rat i° n commenced operation m August, 1923, and. the business . ■■* * transacted has been profitable and up to expectations. , OUCCeSS There have been no losses of any kind. The Preference Shareholders were paid a dividend at the rate of £7 per cent, per annum to 31st August, 1924, and an interim dividend at the sarrle rate to 28th February, 1925. .-■"•.'. The Ordinary Shareholders were paid a dividend at tjie rate of £8 per cent, on the amounts paid up on Ordinary Shares to 3 1 st August, 1924 (the end of the Corporation's first financial year), and the sum of £2,74^ 2s. 2d. was carried forward into the current year's accounts. A half-yearly dividend to 28th February last, at the rate of £8 per cent, per annum, has been declared and paid on Ordinary capital. ',.. The volume of business transacted by the Corporation now approaches the half-million mark, and the proceeds of the present issue can be profitably employed. " \ ; , ; The net ascertained profit standing to the credit. of Profit and Loss Ac-| count at ;the end of the half-year ended 28th February last is £12,455 Is.' 7d. This sum does not take into account income from loans falling due ; > beyond, that date, amounting to £8,850 16s. Bd. ' •■'■■'' Future The business of the Corporation continues to increase very conPrnQriof*t<i sid^ rab {y9 n 4 satisfactorily, and the Directors anticipate being m rrospecis a position to recommend the payment, from the profits earned during the current year, of a further dividend at the rate of not 1 less than/ £8 per cent, per annum on Ordinary capital, m addition : i to continuing the payment of a dividend of ■£? ' per cent, on the Preference shares, and placing a considerable sum to Reserves. The expenses of administration are well within original estimates. The Corporation is thoroughly established throughout the Dominion*The number af shares held by the Directors and the Manager, who all took up their full quota m the recent issues, now totals 33,455. Future prospects may be said to be distinctly encouraging. A large proportion of the business already transacted extends up to 1927, and the i ."■■■.■ interest accruing on loans repayable m the future already amounts to a large sum. • . . ' '. •■■ . : The Corporation enjoys the hearty approval and support of the New Zealand Motor Trade Association, and a large number of Motor Traders throughout the Dominion are Shareholders. IMlethod of or *ke benefit of those . investors who , are, not already .: ' . « ■ acquainted with the methods of the Corporation, the operat o ns summarised are:-— , -, ( a ) Providing Credit accommodation for accredited Distributors of Motor Vehicles, etc, within the Dominion. '' ■ '• ■ (b) Assisting approved individuals to purchase. ■ (c) Generally speaking, to supplement existing Banking facilities. ! . . . . . The Corporation will have no interest m any make of iMrectors! vehicle, etc. It is not concerned with any particular manuTh« Rieht Wonourable SIR JOSEPH WARDi P.C, and deals only through the Agent or Distributor. Bart., (Chairman). ' Ine purchaser pays a substantial portion of the purchase Messrs. SIDNEY KIRKCALDIH. T. M. WILFORD, price m cash, and gives, an obligation for. the remainder to HOPEFUL BARNES GIBBONS. GODFREY be paid m regular instalments. The price paid is the cash SSART^wSao!?* 1 WILL APPLETON V W ' ■•■■' P""' .Pl»- the Corporation's charge for investigation, in- ' . terest and collection. The purchaser also meets the InsurSlanajrer: . ance charges. • FRANK H. TAYLOR, 13 Grey St., Wellington. r „ # ■ # , n ■ ' ; Bunkers: ' TU l " reta ' nec^ on t i e P r °perty until payment is made. BANK OF NEW SOUTH WALKS. ■ " " ne a ea l e r endorses the notes of the purchaser, which ar« Auditors: bought by the Corporation, if independent investigation ..WATKINS, HULL, HUNT & WHEELER, Johnston proves the credit to be warranted. ■ .Street, Wellington... . ; ■ ' : Solicitors: From the foregoing, it will be obvious that immediate action D. -M. FINDLAY- & MOIR, 215-217 Lambton Quay, is necessary if you wish to secure shares. Apply to-day Wellington. for i?rospectuses and forms of application,, obtainable at the Brokers: office of the Company or from any branch of the Bank of W - K^^K^BR^S^SutS' |£w South Wales . or from any member of the affiliated GILL, NEWBURGH & CO., Christch'ufch. 5. tock tx , chan g es »n the Dominion, or from any of the, And other Members of affiliated Stock Exchanges of Company s representatives. New Zealand. Applications will be .dealt with >n order of receipt, and m Orjranisins: Broker: view of the attractive nature of the investment it is antici. A. M. ADAMS, Wellington. pated that the whole of the issue will be quickly taken up.

— THE NATIONAL gANH 8f NEW ZEALAN9, 'iTBL — HEAD OFFICE — 8 MOORGATE, LONDON, E.C. 2. Authorised Capital ... £6,000,000 Paid-up Capital £1,500,000 Subscribed Capital .... £4.500,000 Reserve Fund £1,470,000 Secretary, arrl London Manager — — Arthur Willie HEAD OFFICE IN THE DOMINION — WELLINGTON GENERAL MANAGER ALFRED JOLLY. >■ ' =^\ THE Australian Provincial Assurance Association LIMITED ASSETS EXCEED - £1,200,000 S. P. WOOD, Governing Director. ' Head Office for N.Z.: A.P.A. BUILDING, Cr. GREY and FEATHERSTON, STREETS, WELLINGTON. Seme Reasons why yon should Insure with the A.P.A.: (l).'Bacuse m the event of total, disablement for life all future premiums will be paid by the Association and no deduction . ■ made from policy or bonuses. (2). Hospital benefits are given with every Life policy applicable to public hospitals, varying m amount according to the sum. assured and no deduction made from policy or bonuses. (3). In the event of loss of eye or limb through accident, a quarter, of the sum assured will be paid forthwith, and the premium reduced proportionately. ■■■';.' ■ ! (4). PERSONAL ACCIDENT and Combined- Benefit Policies provide for almost every contingency. NO EXTRA PREMIUM IS CHARGED FOR THESE BENEFITS. Probate, Children's Education and Finance Policies Specialised. Branches at Auckland, Christchurch and Dunedin, and Agencies throughout the Dominion. , - T. W. RAPLEY, General Manager for Nevy Zealand.