Page 6 Advertisements Column 3

Otago Daily Times, Issue 11506, 19 August 1899, Page 6

late Advertisements. PROSPECTUS Of the I^VL'AGO GOLD PKOSPECTING, JMIEDGIJS'G, AND MIKING ASSOCIATION (LI.MITRD). (Incorporated mider " The Companies Act, 1882.") __■ • \ CAPITAL £25,000, In 100,000 .Shares of 5s Each. GO,OOO Shares are reserved for future issue when required for extension of business, 15,000 Shares have already been applied for, and 25,000 Sliarea are now offered to the public ou the following terms:— Gel per Share on application, Gd per share on allotment, and the balance, if required, in calls not exceeding 3d per Share at intervals of not less than thrco months. Intending investors v.-ill observe that the promoters receive no benefit whatever beyond that of other Shareholders. Provisional Directors: ALEXANDER THOMSON, Esc.. (Thomson and Co.), Merchant, Dunedin. JOHN HOPKINS, Esq., Dunedin. C. 6. V. LEIJON, Esq., Dredgoowner, Sawyers' Bay. CHRISTOPHER TILBURN, Esq., Marine Engineer, AVakari. C. H. OSMOND, Esq., Manager Colonial Mutual Assurance Society, Dimedin, Bankers: BANK 03? AUSTRALASIA. | Solicitors: UONDY & SIM, Dunedin. Brokers: ARTHUR M. SIDEY & CO., Albert Buildings (opposite Post Office), Dunedin. Interim Secretary: GEORGE' NEILL (George NeiU and Co)., Victoria ■Chambers, 8 Manse street, Dunedin. OBJECTS. The Association has been formed with the following, among other, objects: — (a) To carry on all kinds of exploration business, and in particular to search for, prospect, examine, and explore mines and ground supposed to contain minerals or precious stones, and to search for and obtain information in regard to mines, mining claims, mining districts, and localities, and to employ and equip experts and other (b) To purchase or otherwise acquire and to sell, dispose of, and deal with mines and mining rights and interests in mines and mining rights, and also property and interests in property supposed to contain minerals or precious stones of all kinds and undertakings connected therewith, and to work, exercise, develop, and turn to account all or any such mines, mining rights and properties, and any undertakings connected therewith, and to buy, sell, refine, manipulate, and deal in minerals of all kinds. (c) To purchase or otherwise acquire, sell, dispose of, and deal in real and personal property of all kinds, including lands, hereditaments, concessions, mining plant, patents and licenses, and any interest in real or personal property, and any claims against such property, and to develop or turn to account the same. (■:!) To carry on all kinds of promotion business, and in particular to form, constitute, float, assist, and control any companies, associations, or undertakings whatsoever. (c) To subscribe for, purchase or otherwise acquire and hold, sell, dispose of and deal in share 3, stocks, debentures, debenture stock, or securities of any other company. (f) To transact and carry on all kinds of agency business, and in particular to negotiate loans and find investments, and to issue and place shares, stock, debentures, debenture stock and securities. (g) To lend or advance money upon such terms as may seem expedient. (h) To carry on any other business which may seem to the association capable of benij; conveniently carried on in connection with the above objects, or calculated directly or indirectly to enhance the value of or render profitable any of the Association's property or rights. The primary purpose for which the Association has been formed is to bring before the public mining properties of proved value. To that end it is proposed that before any property is placed upon the market under the auspices of this Association, the same shall be thoroughly tested by reliable experts, tHus providing a guarantee to the public that the investment is sound. It i 3 proposed to secure the services of experts and experienced prospectors, and also to procure up-to-date prospecting plant. In too many instances mining claims have been floated without being properly tested, with consequent loss to the shareholders. This Association will therefore supply much-needed protection to the investing public. The other powers started in the above objects are proposed to be taken so that the Directors may be armed'with ample powers should it be found necessary to extend the operations of the Association. It is not proposed to call up more than Is per share in the meantime. The expenses of and incidental to the notation and registration of the Association will be paid by the Association.

Late Advertisements, TTICH-CLASS BOOTS AND SHOES. Ladies, have you seen them?— The Justly Famous JENNESS MILLER BOOTS ami SHOES. Mrs JENNESS MILLER, the famous author, lecturer, and exponent of Dress Improvement and Physical Culture, says: — " These Boots and Shoes fit the feet as Nature intended, the manufacturers having achieved a triumph never hotorc attained." They are Stylish, Comfortable, and Moderate in Trice. " • Gentlemen, call and see the Noted FLORSHEIM BOOTS, A combination of perfection in stylo and fit, with great excellence in material and workmanship. Only to bo had at SIMON BROS.', GEORGE STREET (near Octagon); And at CONTINENTAL BOOT DEPOT, PRINCES STREET (Opposite Chief Post Office). WANTED PURCHASE, FREEHOLD as investment, up to about £1000.— G. C. Baker, 27 Rattray street. COMFORTABLE Board and Residence: \j suit two friends or single person.—No. 8 Rockmont terrace, Uaclnggan street. WANTED by Lady, Two Unfurnished ROOMS; moderate Tent; city or suburbs.—Rooms, Albany street P.O. F' ioR SALE, several Desirable PROPERTIES, N.E.V.; terms to suit.—Baker, Rattray street. mHHEE-QUARTERS of ACRE, Morning_L ton; five buildings; £1150; rents equal gross return 10 per cent.; terms.—Baker, Hattray street. FOR SALE, Property, Maori Hill, 6-roomed HOUSE; 1-acre ground ; terms.—Baker, 27 Rattray street. FOR SALE, SECTIONS, Drivel's road, Maori Hill; with and without buildings; terms.—Baker, 27 Rattray street. FOR SALE, desirable FREEHOLD, Maori Hill; C-roomecl House, J-acro; £350.— Baker, 27 Rattray street. OR SALE,"SmaII BUSINESS, City; ingoing small; good reasons disposing. —Baker, RaMray street. TO LET, SHOP, Princes street; good position; immediate possession.—Baker, 27 Rnttray street. rpO LET, seven-roomed HOUSE, Forth JL street; conveniences; moderate rent.— Baker, 27 Rattray street. ■pjiOß SALE, Stabling ACCOMMODATION jL' for Expressman; centre city.—Baker, 27 Rnttray street. "S7TOR SALE, Building SITES, Leith Ward: C Corporation leaseholds; moderate rental.—Baker, 27 Rattray street. TO LET, Furnished and Unfurnished Rooms; central and suburban.—Baker, 27 Ra-ttray street. OR SALE, seven-roomed HOUSE, Duncan street (near York place); cheap; terms.— Baker, 27 Rattray street. WANTED, PARTNER, withlrom £300 to £500, in good business.—G. C. Baker, 27 Rattray street. npO LET, seven-roomed HOUSE; every conJL venience; District road, Hoslyn. BAKER, Rattray street. I9au

SubsWßß.;ion Lists OPEN on SATURDAY, 19th. August, and CLOSE Simultaneously in all the Colonies on MONDAY, 28tli August. DUNLOP PNEUMATIC (COMPANY OF AUSTRALASIA , LIMITED. (To be incorporated in Victoria under the Companies Acts.) CAPITAL - - - - - " ' - d£170,000, Divided Into (a) 80,000 7 per cent. Fixed Cumulative Preference Shares of £1 each, fully paid. ... Now offered to the Public. (b) 20,000 71 per cent. Deferred Non-cumulative Preference Shares of £1 each, fully paid. 1 •o ncoTO -, 1 ■ f .,. tllA ,r i ■ , t (c) 70,000 Ordinary Shares of £1 each, fully paid, the dividend on which is not to exceed 9 per V Heselved f°l Ul6 or In P«' payment cent, in any year. J 0I PUlCliaseIssue of 80,000 7 Per Cent. Cumulative Preference Shares of £1. Each, TO BE FULLY PAID UP. ■ THESE SHARES will be PREFERENTIAL AS TO CAPITAL. They will also be entitled to a fixed Cumulative Preferential Dividend of 7 per cent, per annum, payable half-yearly, and will be entitled to participate pro rata with the Deferred Stock in all Dividends declared in any year after payment of a Dividend of 9 per cent, on the Ordinary Stock. These Shares will be specially protected by the Articles of the Company, which will provide, as a fundamental article, that no Debenture or JVlort"afe on the Assets of the Company shall at any time be given without the previous consent of at least two-thirds of the-Preferential Shareholders for the time being of such Shares present personally, or by proxy, at .1 Meeting to be specially convened for the purpose, f PROVISION will also be made in the Company's Articles for the creation of a Reserve Fund of £10,000 for the further benefit of these Shares; and one-fourth of the net profits in each year, after payment of the Dividends on the Fixed Preferential and Deferred Preferential Shares, will bo placed to the credit of this Fund. The Dividend on these Shares will be paid Free of Exchange at the Bank of Australasia at Melbourne, Sydney, Adelaide, Brisbane Perth; and Christchurch and Auckland, New Zealand. ' . SUBSCRIPTION for the above 80,000 Shares of £1 each is now invited, payable as follows:— 2s Gd per Share on Application; .' Balance on Allotment. NOTE.—Upon payment of tho 20s (twenty shillings) per Share, as above mentioned, no further liability whatever will attack to these Shares, and an Official Certificate to that effect will then be issued by the. Company. THE WHOLE OF THIS ISSUE OF 80,000 SHARES HAS BEEN UNDERWRITTEN. DIRECTORS: The following gentlemen have agreed to join the Directorate :—' The Hon. NICHOLAS FITZGERALD, M.L.C., Melbourne ■ ■? . (Chairman of the National Trustees, Executors, and Agency Company of Australasia, Limited). JOHN GRICE, Esq., Melbourne ' (Director of the National Bank, of Australasia, Limited). ' ' VALENTINE J. SADDLER, Esq., Melbourne (Messrs Baxter and Saddler, Contractors). Major F. G. HUGHES, 395 Collins Btreet, Melbourne. • Also, in Sydney— Z. C. RENNIE, Esq., Sydney * . (General Manager for Australia of The Mutual Life Insurance Company of New York). It is proposed that the Articles of Association of the Company shall provide that the qualification of each Director shall be 300 of tho Fixed Cumulative Preference Shares, and each of the above-named gentlemen has agreed to take up such Qualification Shares. BANKERS: ■ ■ ' ■ THE BANK OF AUSTRALASIA. SOLICITORS: Messrs MOULE, HAMILTON, & KIDDLE, Market street, Melbourne. BROKERS:. Messrs J. B. WERE & SON, 412 Collins street, Melbourne \ Messrs WM. NOALL & SON, City Bank Chambers, Collins street, Melbourne/" VlC. tomMessrs HANDLE & WILLIS, of Martin place, Sydney . I N s , h w , Messrs MULLENS & COMPANY, of Eldon Chambers, 92 Pitt street, Sydney ) Messrs HEDLEY L. TODD &J. K. SAMUEL, Grenfell street, Adelaide .. South Australia. • Messrs CORRIE& COMPANY, Brisbaue .. Queensland. JAS. HENDERSON, Sharebroker, Christchurch slid Wellington ~\ JOHN LOGAN, Sharebroker, Dunedin : >- New Zealand. G. A. BUTTLE, Sharebroker, Auckland • ) D. T.BROWNLIE, Hobavt \ Ta * m ™h A. & W. FOWLER, Launceston / ■ La--mama-PROSPECTUS. This Company is being formed to acquire as a going concern and carry on the well-known business in Australasia of THE DUNLOP PNEUMATIC TYRE COMPANY (AUSTRALASIA), LIMITED, together with its Goodwill (including Trade Marks and Trade Name), Patent Rights, Leases, Plant, and Furniture in Australasia; and an Agreement 11P.3 been entered into securing to this Company the exclusive rights throughout Australasia for all Inventions and Patent Rights relating to Pneumatic Tyres that uiay hereafter belong to THE DUNLO^ PNEUMATIC TYRE COMPANY (LIMITED), of England, at cost price, and special facilities are also given to this Company in regard to the purchase ot raw material for the manufacture of Tyres. The English Dunlop Company has agreed not to compete with this Company in Australasia, thereby securing to this Company the exclusive sales of the celebrated DUNLOP CYCLE TYRES, and also of the DUNLOP CARRIAGE TYRES. " The Australasian business was formed by the world-famed DUNLOP PNEUMATIC TYRE COMPANY, of England, in the year 1893. The net profits for the Australasian business for the last year have been greater than for any previous year, and amounted to £14,707 19s lid, and the sales of Tyres in Australasia for the same year numbered 55,509. Tho Head Office and Manufactory of the Australasian Company is situate in Melbourne, and the Company has Branch Depots (where a full supply of Stock is kept) at Sydney, Adelaide, Brisbane, Perth, and Ciiristehurch (New Zealand). The business of the Dunlop Pneumatic Tyro Company (Australasia), Limited, will be taken over by 'this Company as a going concern 1 from the Ist day of August, 1599, and the Company will have the benefit of all profits from that date. The accounts of the Australasian business have been submitted to the well-known Accountant, Thomas Brentnall, Esq., F.1.A.V., who has given the following Certificate ■ with respect to the Rales rani profits for the last two years, and nlso as to the sales for the present year up to the Ist July, and it will Be" noticed therefrom that the business is worked practically on a cash basis: — . ■ . " -124 Chancery Lane, . . ■ 1 ; Melbourne,' 20th July, 1899. " Messrs Motile, Hamilton, and Kiddle, . . ' . : "Gentlemen,—As requested, I have,raantinecUhe Accounts of the DUNLOP PNEUMATIC TYRE COMPANY (AUSTRALASIA), LIMITED- for the TWO YEARS ended 31st JANUARY, 1899, and beg to report as follows:— ..... ■ . " The SALES for the year ended 31st JANUARY, IS9S, amounted to £76,029 7s lOd, and for the year ended 31st JANUARY, 1899, to £91,871 03 lid, being, an average of £83,950 -Is -Id per annum. ' .. ' .; " Tho NET PROFIT fjr.the same periods was £11,975 Ss 3d and £1-1,707 19s lid respectively, being an average of =813,341 14s- Id per annum, and equal to over 15 percent, per annum on tho net sales. "The total SALES for the SIX MONTHS ended 30th JUNE, 1899, have reached £48,854 Is sd, as compared-with d 814,296 7s I'd for the corresponding period of 1898. . ...;.. " The number of Tyres sold during the last financial year amounted to 55,5G9. " The business is, practically, worked on a cash basis, the bad debts for'the two years under review representing less than (15s) fifteen . shillings per cent, upon the turnover for the whole period. • ■• ; " The.above figures speak for themselves as to the magnitude and soundness of the business of tho Company. . " I am, Gentlemen, yours faithfully, ■ . "THOS. BRENTNALL, F.1.A.V." As appears from the Accountant's Certificate, the net profits for the year ending January 31st last wero £14 707 19s lid, and as the preferential dividend on the present issue of £80,000 only amounts to £SGOO, THESE PROFITS WOULD ENABLE SUCH . DIVIDEND TO BE PAID MORE THAN TWO AND A-HALF TIMES OVER. In addition to this, it will be noticed from the certificate that the sales of the Dunlop Tyres for the present year exceed tho sales for the corresponding months of last yoar. The recent reductions.on the cost of Cycles have brought them into universal use, and they are now regarded in almost every household ■•■ as a practical necessity and there can be no doubt that the demand for DUNLOP TV RES will continue to increase each year. It is intended *o fm-thei-extend the scope ot the business by introducing into these colonies the DUNLOP PNEUMATIC CARRIAGE TYRES, which are now so extensively used throughout Europe and America. ~.',. The DUNLOP TYRES are tho world's standard, and nearly all the principal cycle manufacturers throughout the world fit their machines with Dui.ilop Tyres, and this Company will acquire tho exclusive right for Australasia- to tho valuable Trade Marks and Trade The Vendor an'd^ronioter, Kicliard Garland, Esq.. Maiiaging Director of The Dunlop Tyro Company (Limited), Toronto, Canada, has fixed the total purch-i-" price at £135,000, and has included the Trade Marks and Trade Names, as well as the benefit of the valuable contract obtained from the Enr.-|i?h Dunlop Pneumatic Tyre Company (Limited), ns psut of the goodwill of the business sold to tins Company, and bus apportioned the value thereof at £I°s 000. Out of the total purchase price, only £1-5,000 is pa-yablo in cash, the balance thereof being represented by the said Deferred Preference Shares and the Ordinary Shares. The Company will commence business free from debt, and with a working capital of £35,000 (less only the usual brokers' commission of sixpence per share) standing to its credit, which will be ample for all purposes, and will enable it to carry on its business on best cash terms. The business will be carried on without interruption, upon the lines which have proved so successful in the past, AND AS THE HEAD OFFICE OF THE COMPANY WILL NOW BE IN AUSTRALIA instead of in England as heretofore, it is anticipated that the business will be carried on to better advpnta^c than ever. The Contract for Sale and Purchase is dated lOfcli Aiu-ust, 1899, and is made between the said Richard Garland of the one part, and Frederick Arthur Moule Fsq of Mnrkcl street Melbourne Solicitor, as Trustee for the Company of the other part, and tho contracts between The Dunlop Pneumatic Tyre Company (Australasia), Limited, and the Dunlop Pneumatic Tyre Company (Limited) respectively, aud the said Richard Garland, ire dated the 15th day of May, 1899. ~,■.-,-,• , . , The Vendor and Promot-r will bear all cobl in relation to the formation of the Company up to Allotment, including tho payment of a commission avera"in» not more than 10 per cent for underwriting the present issue, payable partly in cash and partly in the Ordinary Shares. The only preliminary expense which will be payable by the Company will be the usual brokerage of sixpence per share on the Preference Shares subscribed for by tho public The said Contracts, and Mr Bre'ntuall's Certificate above referred to, and the proposed Memorandum and Articles of Association of the Company, may bo inspected at the Office ot the Solicitors to the Company. , Applications for Shares must be made in the form accompanying, and sent to one of the Company's Brokers, with a cheque for the amount payable on Application. Where no Allotment is made the deposit will be refunded in full, and where the Allotment is less than the amount applied for, the balance of the deposit will be applied towards the instalment payable on Allotment. Allotment will be made in order of priority of application. Prospectuses and Forms of Application can be obtained from the Brokers of the Company; or, at tho Offices of the Bankers, or Solicitors of the Company. Dated this 19th day of August, 1593.