Page 10 Advertisements Column 2

NZ Truth, Issue 1253, 5 December 1929, Page 10

THIS IS NOT AN ABRIDGED PROSPECTUS, BUT IS COMPLETE W EVERY PARTICULAR, AND INVESTORS MAY THEREFORE FILL IN THE ATTACHED APPLICATION FORM WITHOUT ANY HESITATION. Dated the 28th day of November. 1929, A copu of the prospectus has been dub filed tilth the RegMrat of Companies al Wtlllnglon. . FULLER-HAYWARD THEATRE CORPORATION, LIMITED GENFRAI n ,j j »ta r ««„ ;« Art won ' In addition to the foregoing assets, LitUVZKAL (Incorporated under The Companies Act. 1908. . the following items must be. added to It is not necessary to outline the AlitVinric^rl Parntai - - f/ 50 000 the securit y °veif*which the present history and growth oTthe Fuller-Hay- AUUIOnSeCI Capital - XZ, JU,UUU Debenture is being given. . ward Theatrical Organisation, tout it of which £238,000 is issued and fully paid. (1) 10 000 Shares of £1 each/ is desirable to state two or three AUTHOR I SFD B°/ MORTGAGE. DEBENTURE. to' be issued to the Corpoints regarding its more recent de- AUmUKOLU^O/o lUIUUAOL L/LUU^U(VI- poratlon m December, velopment. STOCK : tI^D.OOU 1929, by Christchurch During the past two years the . OFFERS FOR SUBSCRIPTION . siderations, including an management has conducted an active £100,000 OF THE SAID MORTGAGE DEBENTURE expenditure of £8000 m reconstruction of its principal pro- STOCK cash " " : ! " 10 ' 000 perties. More than twelve theatres seC ured over net assets valued at more than £300,000. ■ <«> The leases of 17 provinhave been built or rebuilt, and several ' cial theatres, each having others are planned. The net profits for each of the past three years have an average term of five pxpppded £20 000 ' yeare to run » wlth ri * h t B A considerable amount of public ■ exceeaeu "","«"■ o£ renewa i. These leases money has bene utilised m this direc- TRUSTEE FOR THE DEBENTURE HOLDERS. have not been carried as tion MORRIS, DUNCAN & GTIiLJES, Public Accountants, Auckland. separate assets m the I . piißPrTftß^- ' ' Company's books, and In the rourae of this woirrammp the DIRtCTOno: 1 n, may j, c most conservalnd?,«trv w™i«r*Alv r«voST«d hv HENRY HATWARD, of Auckland, Theatre Proprietor (Governing lively estimated to have industry was largely revolutionised by Director of Hayward's Pictures, Ltd.) an average value of the advent of the talking picture, and SIR BENJAMIN FULLER, of Sydney, Theatre Proprietor (Director £1000 each .. .. :. 17,000 the Fuller-Hayward management has of Fullers' Theatres, Ltd., of John Fuller & Sons, Ltd., and of . now installed the most modprn nlant Fullers' Pictures, Ltd.) (3) Further expenditure now now installed the most modern plant JOHN ULIjEr o f Sydney, Theatre Proprietor (Director of Fullers' being made upon the m- . m its leading city theatres. Equipment Buildings Proprietary, Ltd., of Fullers' Theatres, Ltd., and of John stallation of equipment of its provincial houses is now pro- Fuller & Sons, Ltd.) , ' , for talking pictures m apceeding. PHILIP HENRY HAYWARD of Auckland, Company Director (Direc- proximately . 20 city and • • ". tor"of Hayward's Pictures, Ltd.) provincial theatres ... .. 25,000 . The Cinema group controlled by this WALTER FULLER, of Wellington, Company Director (Director of . ' firm is entirely distinct from the com- Fullers' Pictures, Ltd.) - < 4 ? , The Corporation also has pany of John Fuller & Sons, Ltd., ' BANKERS: various miscellaneous which controls the principal legitimate TH e NATIONAL BANK OP NEW ZEALAND, LIMITED. JKEw^imiw 1 " 1^ theatres of New Zealand. Neither ' v ■ ■ * iwhich have not been company has any shares m the other. SOLICITORS: „ ' . .separately valued, ibut NAPIER, HERMAN & SMITH, A.M.P. Buildings, Queen Street, which are carried m its The Corporation was originally Auckland. • books at depreciated named "The New Zealand Picture . . AUDITORS- values, totalling .. .. 8,498 c 9 ea P s P ca e to £££ on^businlsfof X 2 HUTCHISON, ELLIFFE & CAMERON, Public Accountants and £^^ renting, its name was changed to one Auditors, Durham Street, Auckland. T „ , „ ■ more appropriate to its operations." • ■ J^will, therefore, be seen that^the —.„ ~.r._ . total net security for the Debenture ASSETS OF THE COMPANY issue amounts to £327,573. PARTICULARS OF MORT- Auckland, November 18th, 1929. ' Mfc *** 1 « ' -*k * GAGE DEBENTURE STOCK To the Directors, . hJ^USHta ."KS^ » S? . < SSi" Fuller-Hayward Theatre Corporation Ltd. jj ed De benture of £125,000," and this Period: The stock will have a cur- Gentlemen— . . may be regarded as a most ample rency of 20 years from the • 21st Having been requested to inspect the valuations and Balance margin. / day of December, 1929. Sheets regarding the various assets of your Company, and to appraise / Interest will be payable half-yearly «£-£ SS ?*£& SSIS . PURPOSE OF PRESENT any deduction on the 21st gation of the position and now report as follows:— , • . , rccrriT ?afeofsZrce n nt^a^n ce vu r m sub! (a) Freehold and Leasehold Properties. The Corporation owns ISSUE ject only to income tax at the rate freehold properties m three towns, and also owns the leasehold (with . The Corpora tion is now making the at which the investor is taxed 40 y ears to run > of the Majestic Theatre at Wanganui. We have m- , preS ent issue of mortgage debenture (if at all). spected recent and independent valuations of these four assets, and gtock m order to meef part of the the total disclosed is £73,369. _ capital outlay which has been necessiSecurity: Registered floating charge The said pjoperties are subject to first mortgages, which total by the above programme, and collateral Trust Deed over the £35,750. . , .._■... whole of the Corporation's assets We, therefore, certify that the net value of these assets accord- .-.__ .^^, o ' as hereinafter described, executed ing to the above sources of information is £37,519. , CONTRACTS by it m favor of Morris, Duncan, (b) Property-owning Companies. The Corporation owns shares ' & Gyllies as trustee for the de- m five companies possessing extensive freehold properties situated m The only material contracts are: — benture-holders. The Deed pro- various towns. We have inspected the Balance Sheets of these com- _ g fc vides that no other security ex- panics, with the exception of those which have not yet completed their *• V thV^JrpcSLtlon iS *ept the mortgages, totalling first financial year, and m each case recent and independent valuations fevoTof thT Trustee f\S The De£35,750, referred to m the accom- or current (book values of. the respective assets have been S uwtted Sure-holders ' panying valuation certificate, may to us. On this basis we value the investments oft the Corporation :m UBUlul " • , be given over the Corporation's the said companies at the total figure of £69,737, yielding a return of Aereement dated the 21st day of said, assets m priority to or not less than 7 per cent, per annum on, tha tto tal fl «£"- . ■, November, 1929, between the ranking, equally with the present (c) The CorporaUon Holds Shares m eight companies engaged Corporation and the Craig • Inissue. m the exhibition -branch of the industry and controlling theatres m ves?men? Company^providing numerous towns. We have examined the Balance Sheets of all these lor rSmmisS^f 5 per cent Redemption: The debenture stock may companies, and value the investments of the Corporation m them at " «*^ a. comm ibmto m ° P«r be redeemed by the Corporation. • the total figure of £101,920. , . .on au stOCK ailoltea - on the 21st day of December, 1939, The present annual net earnings of these Companies are at the 3 Agreement dated the 16th day of or 1944, provided that three average rate of 10 per cent, on that amount, April, 1914, made between Fulmonths' notice of its intention' (d) The Corporation Holds a Controlling Interest m Auckland lers , Ltd>> Haywaxd's Picture shall have been given.- Theatres, Limited, which .makes it the. Proprietor of a proportional m- Enterprise Ltd., John Fuller, . terest m the Majestic Theatre Buildings, Ltd. On the basis of the senior, and others, Henry John TPD w C r.r, cTTDC^DTDTTrwr land and buildings °f the latter Company an independent valuation Hayward and others, and The TERMS OF SUBbCRIr 1 1UI\ an d the other assets at cost, the said interest amounts to £27,000. ■ New Zealand Picture Supplies . (c) Miscellaneous Assets. The books of the Corporation show Ltd , now the present CorporaStock will, be issued as Registered that it also posses ses the following asset, which, at their respecUve tion), providing for the purchase Certificates m the name of. the ap- boOK Values, after allowing for depreciation comprise:— . ■__ , r foy the latter of certain assets for plicant. Investors may apply for con- . . ' "' £ s' d the sum of £200,000, or m the the balance on allotment; or £30,799 o 0 shares. 20* per cent on application 20 per The grand total of the foregoing net assets of the Corporation The sald contr acts and , all the cent, on kllotment, and the bal- amounts to £267,075. . . valuation certificates and balanceance m three quarterly pay-. (Signed) MORRIS, DUNCAN & GYLLIES, Public Accountants, sheets referred to herein may be mments each of 20 per cent. • ' Auckland. ' / . ■ spected at the offlcesof the Corpora(Stened) WALLACE BRUCE & DUTHIE, Public Accountants, tion, Pacifiq Buildings, Wellesley Interest will Ibe calculated from . * Auckland -^^ Street, Auckland. amounts pifd^nd^wm 1 be to --mm iimiiiiioiiumiitiiiim .imi.iimi.i.ii...imiinira.ini.iinnmiimii.raiinimniiinniiii imimmnnniimwiiiimmmiiimmimimimniiiiimimiimiiiiiiiiiin SSaX ß^^^^!/ 11 * 6 ™ 81 date I FORM OF APPLICATION FOR 8?lo MORTGAGE DEBENTURE following payment m full. To THE CRAIG COMPANY Ltd. 41 Shortland St. Box 487, Auckland. CERTIFICATE OF ANNUAL NET PROFIT 1 The Directors, " . November 20th, 1929. J Ztn^^f^viaJ m the Prospectus, dated 28th day of November. 1929, FULLER-HAYWARD THEATRE CORPORATION LTD., . | an( j t enclose herewith the sum of £.....'.....' ...being *payment on full; or Auckand. • i * 4 /" m the £1 P avaDle on applicaUon. | AND t HEREBY FURTHER AGREE to accept the said Debenture Stock or any We have examined the audited accounts of the Fuller-Hayward Theatre = smaJ i er amounts that may be allotted to me, and provided by the said Prospectus, Corporation Ltd. for the period of three years ended 31st March, 1929, and now | certify that the net profits of the Corporation which would have been available = . . _ being the balance of the said stock on allot.So^ we^^^^ I "STL rin^e 1 $f* ~ all ° tment a " d *' bal&nCe *" i^gTro^onT/B^'m^re^ % . I Should ' a smaller amount of stock be allotted than I .haye applied for, any 'sum rentals or film rental interests has been disregarded. i 1 enclosed herewith shall be adjusted or an excess credited to the sum payable on ' • ' t ...,., = allotment. Year ended 31st March, 1927 .. .. •• £20,507 ■.=•■. ; ' Year ended 31st March, 1928 £22,015 . | . . Year ended 31st March, 1929 .. ... •• £21,104 ,|.' Name m full M • The. average of the above profits for the three years was £21,208. | (Signed) HUTCHISON, ELLIPFE & CAMERON, § Address • • • '•• •" Public Accounlants. | The capitaj of the Corporation is held m equal proportions by Fullers Pictures | Occupation .....* • Limited and by Hayward's Pictures Limited, each of which companies has a i . . paid-up capital of £103,375. | Date ..Signature..... ......' • APPLICATIONS SHOULD BE LODGED ON OR BEFORE SATURDAY, DEC. 21. 1 «Cross out the alternative not concerning your application. TENDERS. THIS WILL END >>^««&J ■ ANDREWS' HOTEL, DANNEVIRKE ' y^J^^^^^rJ ' (i) purchase of the freehold. (Chronic Cold m the Head) / jßgm . — : " (2) LEASE. The goodwill of a five i / j^Hfl §->& « »• * n^l f or seven year lease at a rental Have you a bad cold m the head, with / f%a^B tfcta^s^ # % W^ of £45 per week, excluding the eyes watering and constant sneezing? |jsj^^ .a.^^^^^^^^M X M shops and the petrol station Does your head feel "all stuffed up"? vJK^Wft^^_^m^^. « W /^ ' w^hich are being separately leased. Is the poisonous mucus of catarrh ruining y^ffifflg MIBBHBK ""^ m In each case the stock,' furniture and taste,' smell and hearing ? Try this at \ *msWm KmmmmW^^^ W^ • > "*-~«^ 9 fittings are to be purchased for cash once- Ask^your chemist for a i/9 tube of V 9 at valuation. De Witt's "Catarrhal Cream The tube \ wl^M^l^ * , 9 The property referred to above con- is fitted with special nozzle which enables \ "W N/\. J^mt 9 sists of a., substantially built ferro- you to inhale and get right to the inflamed \ / pS^SS^P**^ >v V^B 9 concrete building of two storeys, situ- air passages the healing antiseptic balms V J I - y^V 7*^B wL, jg ated m High Street, containing 28 from which this wonderful cream is made. n/ / * jr >. ▲/V'/ 9 ™ nf single bedrooms, 12 double bedrooms, Before going to bed use De Witt's Catarrhal j ( jr >. a^^TH^. Wf fl 5 bathrooms. 14 staff bedrooms, 2 staff Cream generously- In the morning you / r s> »*^_^ _^->~ JO^ AwmW 9^^^ > * >^ » bathrooms, m addition to dining-room will wake with wonderful freshness m the L^l J^mW 9 I^^ m drawing-room, 2 lounges, smoking head. Use the .cream just after washing IAT Vk \j? Jr At A^^fl^H 9 9*^^ ■ lounge, writing room, commodious and through the day. Your dangerous -M d\ ■ M ■ V^wVl ■ H 1 public and private bars and 7 sample trouble will be quickly and permanently B ■ A ' 9 -l| 191 w r 1 rooms. In addition there are two shops banished. The 1/9 tube will give you a | I 9 19 9 9 —\w 9 9 i^V^k v and petrol station Avhich are included whole month's treatment and the pro- H ■ HVI H IB • B W "^9 9. w"^^^P >». 'n the property offered for sale, 'but prietors guarantee satisfaction, or will f Fill * -W "^w ■* >v not m that offered for a lease. The refund money m full. f JRjIL^ " f building is cohstructed of ferro-con- Don't let yourself be a victim of this *^^^^ ' ■ d*+ C*^l.^* crete and consequently the cost of dreadful disease— Catarrh. Go to your 7 I V* II V/ ■ ■-«■ I maintenance and upkeep will be ex- chemist now. He will tell you all about LL/ " . A A/\«|bW| . tremely low. De Witt's Catarrhal Cream and the special IKB fill I"J ' This hotel is well and favorably tube w i th unique nozzle applicator that MBB - *^V^Vl^ ■ V^l I known throughout the whole of New allows the healing balms to get right down SSB «- mm m m 40* B^m - Zealand, and the opportunity of pur-, tQ inflamed po ison-laden air-passages. JH lA/U I Ir chasing or leasing such a high-class He will tell you about our definite guaran- fl| .... fTniIJIV | * hotel is one that does not often oc- tee the sa f e g ua rd for every sufferer. flfflW i li/|||rl/V Dp " cu r,- ■_... t m • , Catarrh claims its victims by tho |H AWHfcKI" V 1 ' .r> ■sBiiBSSsB, saSiMiisssai ■ superb F uV«f ■ ■ 18th December, 1929, at the office of ■ D* . Wlt £ 8 C .ata.[rhal Cream will stop H rffApki f uccessors to the District Pufelic Trustee, Da-hne- Ca tarrh, chronic head-colds, hay^ fever. B| I^KIVI (JOHN f, JAMES BUCHANAN ) virke, to whom all tenders are to be g>* fails y° u F mone y wlll , be W Gt/ADAM-rncn nKTIU-ED AN cuiSCOWmNDOMtrA^nrT* addressed enclosed m a sealed cn _ Why not test it to-day, or do you prefer W V^TH-UU CLASCOW r LONDON * CALCUTTA velope marked "Tenders for Andrews' to go on m your miserable suffering? H BOTTLED IN SCOTLAND SCOTIA DISTILLERY Hotel, Dannevirke." Any further m- Surely you will invest 1/9 m a remedy » ARGYLESHIRE formation reciuired can be obtained with such a cast-iron guarantee ? Just m from the undersigned. ask your chemist for De Witt's Catarrhal I -ESTABLISHED BommmmmmmWrnvm^Bm^^m^m^m^^^KmamßPfm W. J. FORSYTH, Cream, he will tell you it is safe, sure and I POrODirtlftll New Zealand Agents:— Maling & Co. UA. t District Public Trustee, Dannevirke. certain! that's why it bears a guarantee. F PRIOR "TO 1811 o^3^^!,, Wellington, Dunedin mnd Auckland.