Page 4 Advertisements Column 6

Otago Daily Times, Issue 18049, 24 September 1920, Page 4

SMITH AND SMITH'S SHAKES CLOSING DATE SEPTEMBER 30. PROMPT ACTION NECESSARY. Only a few more days remain in which to ma-Re application for Smith and Smith's 6 per cent, cumulative preference shares of £1 each, and as these shares aro being: taken up freely, and the issue is limited to 45,003., investors will bo well advised to loso no time in lodging- their applications ~ if they wish to avoid being disappointed. What makes these shares so attractive aro the high rate of interest, the gilt-edged security, and the safe nature of the company's business. Tho security .is moro than sufficient to cover tho amount of tho new issue twice over, while the company's average earnings on capital and reserve for the last five ycare is 13£ per cent.—■ this notwithstanding tho lean years of tho war, when the demand for paints, oil, glass, and wallpapers wa s at its lowest on account of tho inactivity of the building- trade. Tho fact that paints, glar>s, and wallpapers aro essential for' the erection and upkeep of all classes of buildings secures for Smith. • and Smith (Ltd.) substantial profitable business every year. Prospectus giving all particulars of tho now issue and showing the company's onviablo position to.-rother with the proposed expansion for which extra capital is toquired may bo obtained at " tho firm's branches, Wellington. Chvistchurch Dunodm ih. National Bank of Now Zealand and tho brokors: Ilannan Reoves, 102 High street. Duncdin; Quick and Smith, Water «ra»et Dunedm. —Advfc.