Page 7 Advertisements Column 3

Otago Daily Times, Issue 18539, 27 April 1922, Page 7

CATE ADVERTISEMENTS. INVESTMENT SHARES. rpHE PETROUS TILE COMPANY (LTD.), DUNEDIN. Manufacturers of Concrete Roofing Tiles, etc. ISSUE OF 4500 ORDINARY SHARES OF £1 EACH For the purpose of establishing a Manufacturing Branch in Wellington. PRESENT CAPITAL: Authorised, £IO,OOO. Actual paid up, £4469 7s 6d. DIRECTORS: ADAM PATERSON. ESQ., of Paterson and Barr. E. J. P. DENNY, ESQ., of Swift and 00. , ,1. G. H. BRIGGS, ESQ., of the Standard Brewery. Manager and Secretary: Hugh B. Murray. Auditors; Messrs Barr, Leafy, and Go. Bankets: Bank of Australasia. Solicitors: White and Ramsay, 7 Liverpool street. APPLICATIONS WILL BE RECEIVED BY ANY MEMBER OF Thl- STOCK EXCHANGES DUNEDIN, wnRISTCHURCH, WELLINGTON, INVERCARGILL This Company has been manufacturingmg concrete roofing tiles at Cavcrahan, Dunedin, for the past two years, and has made quite a success of the business, Bno ' ing during the first financial year—for nine months actual trading operations a pro of 10 por cent., and during the past financial year 13 per cent., after making a p allowance for Income Tax and Depreciation of Plant and Buildings, and in ado writing Stock down 15 per cent, below manufactured cost. The Company is now desirious of raising further Capital to the above amount for the purpose of opening a manufacturing Branch in Wellington, where c .? nm , are especially attractive for a Company such as this manufacturing a really g roofing tile. In that town, tiie amount of building per annum can bo safely co - puted as at least three times that of Dunedin, and the price of roofing tiles is no y 30 per .cent, higher—being £1 10s dearer per square (100 sq ft) fixed on the root m ' the Dunedin price. This difference in price is no doubt chiefly . accounted 1 by the fact that all tiles at present used in Wellington are imported, whereas no clay and concrete tiles are manufactured locally iu Dunedin. As manufacturing costs in Wellington are going to be little, if any, higher than in Dunedin, it is evident that any increase in the selling price of the Company s material is practically all extra profit, and, as an illustration of what this means, tnc following figures arc very striking: Last financial year the Company made a profit of £590 tiling fifty odd Call this fifty roofs at an average of twenty-two squares each, which equals a town of 11C0 squares. Had Wellington prices been obtained in - Dunedin, the uompa y would have got another 30s per square on this 1100 squares, equal to £1650, in addition to the £590 actually made, qr a total profit of £22.0 (less Income Tax on tno additional profit) on a Capital of £4469 7s. 6d. In addition to the better prices prevailing in Wellington, another factor helping towards better profits in that to'wn is the fact, that it is only reasonable to anticipate a much larger turnover of business there than can ever'bo hoped for in Dunedin, o\ving to the much more rapid growth of the northern town. ' As indicating the shortage of residences in Wellington, the following news item published in the Dunedin Star of March 25, 1922, is of interest: —“It is recorded that, one day last week there were 400 applicants for the right to rent a five-roomed house which was advertised in. Wellington.” . v WHAT LEADING DUNEDIN ARCHITECTS THINK OF PETROUS TILfeS. The' Manager , Petrous Tile Company, Caveitharn, Dunedin. Dear ' Sir,—For several residences tor which plans have been, prepared by this Office, Petrous Tiles have been specified for the roofs, and .we have pleasure in saying without hesitation that in every instance those Tiles have proved highly satisfactory. in all respects. Their present high, standard being maintained is, we are confident, sufficient to assure them their due maximum of success in the future. Yours faithfully, Axscoube and Associates, Architects, (Signed) Edmund Anscombe. March 15, 1922. The Manager Petrous Tile Company, Dunedin. Dear Sir, —It is now just over twelve months since T had Petrous Tiles laid on the roof of my residence,’ Anderson’s Bay, Dunedin. During this time the roof has given every satisfaction under all conditions. I may say that I shall have no hesitation in again specifying Petrous Tiles as occasion demands. • ' Yours faithfully, (Signed) H. McDowell Smith, f.n.z.i.a. March 8, 1922., Mr IVturray, Manager Petrous Tile Company, Cave.rsham, Dunedin. Dear Sir, —In answer to your enquiry re Petrous Tile Roof on residence recently erected under our supervision, we have pleasure in stating that this roof has proved perfectly, satisfactory. Yours truly, 1 (Signed) Salmond and Vanes, Architects. March 9, . . H. B. Murray, Esq.( Manager Petrous Tile Company, Caversham. Dear Sii,—l have very much pleasure in certifying to the quality of your tiles. I have used them on one of my largest and most expensive residences, and found them very satisfactory, and would have no hesitation in specifying them at any time. Yours faithfully, (Signed) William H. Dunning, a.n.z.i.a., March 11, 1922. The Manager Petrous Tile Company, Dunedin. , ’ Dear Sir, —I have used your Petrous Tiles on several buildings, and in every case they have given the greatest satisfaction —in tightness, standing quality, and colour. Yours faithfully, (Signed) E. W. Walden, Architect. March 15. 1922. , All things considered, the Directors and Management feel that they can, with confidence, recommend this proposition to both their present shareholders" and the general public as one that,, .as" the foregoing particulars show, gives every-promise of returning handsome dividends to shareholders. It may be pointed out. that any non-shareholders now subscribing for Shares are getting the benefit of undivided profits to the amount of £644, equal to 7 per cent, on a capital of ±9OOO. 1 Terms of subscription are very easy—Two Shillings on application, Two Shillings on allotment,, and the balance in calls of not more than Eighteen Pence per Share, at intervals of not less than one calendar month. Applications for a less number than 20 Shares will not be considered. j ■■ ■ : Should the full number of Shares now offered be subscribed for. it, may not bo necessary to call up the full amount per Share. Mo allotment will be mode until 2000 new Shares have been applied for. As present shareholders are already subscribing for a considerable'number of Shares in this now issue, non-shareholders desiring Shares are requested l to make early application, and thereby avoid possible dis- - appointment, as, in the event of over-subscription, priority of application will be taken into consideration. . , Any further particulars desired will bo gladly furnished on applicatiorf to the Company s Secretary. ' Applications may b© forwarded, along with amount of “application” money, equal to 2s per Share, to the Secretary of the Company, Ca.vor.diam. Dunedin or to any Member of the Stock Exchanges Dunedin, Christchurch, Wellington, Invercargill; or any Branch of the Bank of Australasia. PETROUS TILE COMPANY (LIMITED) CAVERSHAM, DUNEDIN. JJOT WATER BAGS. HOT WATER BAGS. WARM FRIENDS FOR COLD WINTER NIGHTS. OUR NEW SEASON’S STOCK OF LEYLAND AND UNIQUE HOT WATER BAGS HAS V JUST ARRIVED FROM ENGLAND. PRICES FROM 6s lid UPWARDS. PRICES FROM 6s lid UPWARDS. PRICES FROM 6s lid UPWARDS. PRICES FROM 6s lid UPWARDS. PRICES FROM 6e lid UPWARDS. PRICES FROM 6s lid UPWARDS. EVERY BAG BRITISH MADE AND GUARANTEED BY US FOB , TWELVE MONTHS. MARSHALLS PHARMACY, LIMITED., ■ i « 96 ’PRINCES STREET, DUNEDIN. OVERCOATS POSTHMES AND WINTER OFFER BY JOHN M’DONALD (LIMITED). Velour Overcoats, best English material £5 10s to £6 10s All-Wool Colonial Overcoats (any shape) £2 IQ S to £4 All-Wool Colonial Maids’ Coats. 30in to 39in ... £1 IQs to £2 10s Women’s Costumes, All-Wool Winter Materials £4 to £6 Women’s Costumes, silk-lined £5 to £7 Women’s Indigo Blue Serges ... £6 to £7 10s Indigo Serges, guaranteed dyes 16s to 20s per yard s > MEN’S SUITS , AND OVERCOATS. 18os Pure Indigo Fox’s Serge Suit and extra-Trousers .., ... £lO 10s Best English and Colonial Tweed Suit and Extra Trousers £8 D B. All-Wool Colonial Tweed Overcoats £5 10* S B All-Wool Colonial Tweed Overcoats £4 to £5 Wool Gaberdine Overcoat ■•••••. £3 10s to £4 OPEN FRIDAY NIGHT. • OPEN FRIDAY NIGHT. -ADDRESS: 54 KING STREET. Telephone 2027. JOHN M‘DONALD, LTD. RISK TIME AND LABOUR? USB KIWI TRAPS, Which never fail to Which never fail to OATCH THE RABBIT. Obtainable from Storekeepers, or from THOMSON, BRIDOER, * CO. (LTD.), SOLE IMPORTERS. rjTHE UNITED STARR - BOWKBTT BUILDING SOCIETY, Pay your Entrance Fee, Is, and Subscription, 2s per share, to-day, and participate in Ballot to be held in Society’s Board Room THIS (THURSDAY) EVENING at 8. £SOO BY SALE, No. 3 GROUP. £IOOO BALLOT AND SALE. No. 5 GROUP. £SOO BY BALLOT', No. 6 GROUP. Wo have Members .from Auckland to, Bluff. Final Dividend, No. 1 Group, payable Ist May, making total of £ls per share. 152 High street. HUGH MITCHELL, Secretary,'