Page 3 Advertisements Column 1

Otago Daily Times, Issue 18543, 2 May 1922, Page 3

Good Health is Worth any Money and CLEMENT’S TONIC Is so Inexpensive Fresh supplies coming forward “Amber Tips” tf Are your Diamonds set to advantage ? Maybe the setting is old-fashioned, or too heavy, and does not display the beauty of the stones. We are constantly remounting gems Into modem settings, and offer you our expert advice freely. We give you High-class Workmanship. “It’s what they say it is” at WILLIAMSONS II THE QUALITY JEWELLERS, 31 Princes Street, Dunedin

Prominent Business Men are Supporting this Company Because—jr»» , » It is a national necessity that New Zealand m irstiy should have its own Glass Works, because so many Dominion industries are dependent on supplies of glass containers at reasonable rates for their products. These the proposed Company will make and supply with advantage to everybody concerned. i The basis of successful glass manufacture is a rtnnly supply of ‘‘ silicate sand.” Close to the site of the proposed works there is an almost inexhaustible supply of the finest silicate sand in New Zealand, if not in the world ; the Government Analyst’s report showing it to be 98.26 per cent, pure silica. C ■Jf The serious loss (estimated to be over Secondly 25 per cent.) with every shipment of glassware from Overseas increases costs almost to strangling point. rpw • 11 The Company will be equipped with new <• niraiy machinery; of latest pattern, which means that the quality of local products will be better than that of imported glassware. This particularly applies to bottles. It must be noted that the Company will instal an “Owens ’’ machine among others. This question of new plant is an important one, as it will put the New Zealand Glass Works in a most advantageous position to successfully compete with manufacturers outside the Dominion. Fourthly The Company is essentially a safe investment. The money is to be spent on plant, land and buildings. The market fo* its products is ready and waiting. The annual imports of glassware into the Dominion m 1920 totalled £604,975. Empty bottles alone amounted to £125,163 ; plain glass jars. £23.523 ; crown, sheet, and common window glass, £231,865—a1l these are within the scope of the New Zealand Glass Works. C* #L| What is being done in Australia can be done Sixthly j n Zealand, where the conditions of labour, etc., are similar. According to the “ Australian Investment Digest” (page 221, August, 1921); the Australian Glass Manufacturers Ltd. added £74,548 to reserves over a period of five years’ trading. Of this amount £39,429 was capitalised in June, 1920, when one Share for every seven held was given fio the shareholders. In addition to this, a 10 per cent, dividend was paid for the year ending March, 1921. C .ii The initial plant, it is estimated, will proSeventniy Jujg £I,OOO worth of bottles a week at a cost of £587 7s. 2d. This leaves a weekly profit of £412 12s. lOd. Working for eleven months a year, the annual net profit, after allowing for overhaul, 33 J per cent, for depreciation, overhead expenses, etc., is £12,878 16s. These figures are based on actual costs of March, 1920. The completed works will produce four times this amount. jr jr J The leading manufacturers using bottles and Eighthly brewers have agreed to purchase their supplies from the Company, conditions being equal, or nearly equal, in preference to going outside the Domin|on for supplies. It is estimated that tins will, with the initial plant, place the Company on a profitable basis of manufacturing in six months. t New Zealand Glass Works limited (A Compapy to be incorporated under “ The Companies Act, 1908 ) Capital - x«v/, Divided into 150,000 Shares of £1 each )f which 96,000 Shares are offered to the public on the following terns:—s/- per Share n application; 5/- per share on allotment; and the balance in calls of not more than 2/b ier yharo at intervals of not less than one month. I’our thousand Shares, fully paid up, are to be allotted as shown in the Prospectus. Fifty thousand Shares are to bo held in reserve for future issue if necessary, or may be issued in such manner or for such purpose as the Directors of the Company may determine. PROVISIONAL DIRECTORS i /Who will hold office until the conclusion of the statutory meeting at which the permanent Directors will be appointed.) WILLIAM RAMAGE TATE, Christchurch, Glassworks Manager. JOHN ALEXANDER REDPATH, Junr., Christchurch, Merchant. ALEXANDER STOKRIE DUNCAN, Christchurch, Company Manager. BANKERS- THE NATIONAL BANK OF NEW ZEALAND LTD,, Christchurch. SOLICITORS: GARRICK, COWLISHAW, ALPERS, and NICHOLLS, Christchurch. INTERIM SECRETARY : F. W. DEIGHTON, F.C.A.A., 183 Cashel Street, Christchurch. CHIEF BROKERS : STEWART, BECKETT & CO., 152 Hereford Street, Christchurch. THE OBJECTS The Company is being formed for the purpose of securing a suitable site at Hornby, Christchurch, New Zealand, and erecting thereon suitable buildings and plant for the purpose of the manufacture of glassware of all descriptions, and to carry on the business of Glassware Manufacturers or any branch of the industry, and to market the products of such manufacture and business incidental thereto. minimum subscription The minimum subscription on which the Directors may proceed to allotment is 35,000 shares, representing a nominal value of thirty-five thousand pounds. APPLY FOR SHARES TO Any Member of the Christchurch, Wellington, or Auckland Slock Exchange. Ti^^n^an^^Chi^^rol^ers: STEWART, BECKETT & CO., 152 Hereford SL. Ch. Ch. Or from Any Branch of the Company’s Bankers: The National Bank of New Zealand. TV,.. Pnmnanv will m» exchange on all monies remitted by applicants. Applications will bo dealt with in order of their receipt, ™d, ulS«lbeiSgth. Directors rcerre the right to male p„ allotment, or to deobne ah, allotment. Prospectuses obtainable from the above addresses