Page 8 Advertisements Column 1

Otago Daily Times, Issue 19107, 28 February 1924, Page 8

30 PER CENT. PROFIT FROM COAL. On a conservative basis, tfie Morley Collieries (Ltd.) expect to make 30 per Cent, net profit from the development of 2400 coal-bearing acres on the Birchwood Estate, Southland. Of the proposed issue of 95,000 shares, 16,000 shares wore reserved before the issue of the prospectus. The provisional directors are men of standing. and include Southland’s leading business men. Professor Park, of Otaeo University, has estimated the tonnage of a proved area of 320 acres at 14,000.000; with many score millions in the territory to the east and No shafts need he sunk, and the Ohai railway is alongside the property. If you care’to be “on a pood thin"’’ learn more ijibont this outstanding proposition. Write Ri B. Caws, interim secretary. Dec street. Invercargill, or Box 620, Dunedin. He will pends prosoectus wild reports, maps, and jjdan*.—Adrfe