Page 11 Advertisements Column 6

Otago Daily Times, Issue 19506, 15 June 1925, Page 11

An Exceptional Investment The New Zealand Guarantee Corporation, Ltd. Half New Issue Already Subscribed A remarkably sound and profitable field for investment is provided for conservative investors by the new share issue of The New Zealand Guarantee Corporation, Limited which is really a quasi-banking Institution advancing money adeqately secured, to reliable motor traders on commercial vehicles, and other classes of satisfactory chattel securities. Business men throughout New Zealand have shown in tangible fashion, their realisation of the profitable investment afforded by The New Zealand Guarantee Corporation, Ltd. Already they have subscribed for just on half of the new Issue of Ordinary £1 Shares recently announced. The original shareholders themselves have proved their faith in The Corporation by applying for over 90,000 Shares though only 50,000 were available to them. A considerable number have since applied for extra Shares carrying the same premium as those offered to the public. The Directors, and Manager, who all took up their full quota in the recent issues, hold no less than 33,455 Shares, The original Shareholders who took up 100,000 Ordinary Shares' two years ago now hold over 200,000. DIVIDEND EARNING CAPACITY, At the end of the first year, a dividend of 8% per annum was paid to Ordinary Shareholders on capital paid-up. For the first six months of the second year, an interim dividend at the rate of 8% per annum was paid on ordinary paid-up capital. These dividends and the amount of £12,455 odd net profit standing to the credit of Profit and Loss Account at the close of the half-year, ended 28th February last, illustrate the dividend-earn-ing capacity of the Corporation. The net profit just quoted does not take into account income from loans falling duo beyond 28th February, amounting to £BBSO/16/8. THE SHARES OFFERED. The Shares in the New Issue available for public subscription, are payable;—■ 2/- per Share on Application. 4/- per Share on Allotment. . (Includes 2/- premium). The next call of 2/- will not be made before September next, and a further 2/- three months later. It is unlikely that more than 8/pen Share as above will be called up. 6% per annum will be allowed on all calk paid in advance. These Shares will participate in the dividend 6% for the half-year ending 31st August* 1925 —that the Directors fully anticipate paying, irrespective of the fact that the application and allotment money now subscribed will then have been paid up only three months. As dividends of 10 % may be expected on 8/- paid up, which is the equivalent of 8% on 10/-, the latter figure representing the present in-estment-cost including the 2/- premium, it is obvious that these Shares should steadily appreciate in capital value, in the future, as in the past. ADVANTAGES TO NEW SHAREHOLDERS. The Surplus Profits estimated to be available on the 31st August next, after providing for dividends, should be more than sufficient to meet the whole of the establishment charges; further, as in the case of Banking institutions, there is every reason to believe that investors may look forward in future to participating in a distribution of reserves, now being built up. Those who have been accustom* ed to leave their money with Savings Banks at a comparatively low rate of interest, should particularly note that Shares in The Guarantee Corporation will not only show an immediate' return of 8% to Investors at the 2/- premium, but are readily saleable on the open market as will be seen by referring to Exchange The investment, therefore, is not only highly profitable but “liquid,” and consequently belter than having money on deposit. ALLOTMENT ON 30th JUNE. As Allotment meeting will be held on TUESDAY. 30 th JUNE, at NOON, those wishing to participate in the present Issue should make application well before that date. This may be the last iisue for some time, since the whole of The Corporation's nominal capital of £500,000 has now been offered for subscription. The last issue offered to the public —at a premium of 1/- per Share was over-subscribed within three weeks. However, should further capital be required, doubtless the policy of offering capital to Shareholders at par will be continued. * ' CORPORATION’S ASSURED STANDING. The New Zealand Guarantee Corporation Ltd. is the pioneer public company in this Dominion to finance credit sales of Motor Vehicles —— being created two years ago with the assistance of the Motor Trade —so that money put into it will be invested in an established concern of assured standing. Business transacted now approaches the half-million mark, of which threefifths has already been repaid without loss accruing to ■ the Corporation of any sort on any transaction. 70% of this money has been loaned on MOTOR LORRIES. The additional capital now sought is needed to meet reasonable requirements of many reliable customers, whose business continues to increase steadily and satisfactorily. The Capital of the Corporation is conservatively controlled from Wellington, and is employed in a direction useful to the Commercial Community. It is obvious that all ordinary risks of usual trading concerns are eliminated, for it has no factory. It does not buy or sell, nor does it employ labour; consequently a purchaser of Guarantee Corporation Shares invests his capital in a particularly secure and! remunerative business, having in the future, as roads improve, a considerable sphere for safe and extensive expansion. | Tear out this I Announce- i mentand f j study it close- | i ly at first | opportunity. | The Directorate of The Corporation is a particularly sound one comprising:— The Right Honourable Sir Joseph Ward, Bart., P.C. Messrs. Sidney Kirkcaldie, Chairman Messrs. Kirkcaldie & Stains, Limited, Wellington. Thomas Mason Wilford, Barrister, Wellington, Hopeful Barnes Gibbons, Managing Director, The Colonial Motor Co. Ltd., Wellington. Godfrey William Magnus, Managing Directol, Magnus Motors Ltd., Wellington. Will Appleton, Managing Director, The Chari es Haines Advertising Agency Ltd., Wellington. William Stuart Wilson, Merchant, Wellington. Further information and the New-Issue Prospectus, which contains a full list of Shareholders, can he supplied by any Branch of the Company’s Bankers, or any Sharebroker affiliated with the New Zealand Stock Exchange, or from the following Sharebrokers acting on behalf of The Corporation: . W. N. Gamble, Auckland A. M. Adams & Co., Wellington Caygill, Newburgh & Co., Christchurch Fenwick Bros., Dunedin W. A. Ott & Co., Ltd., Invercargill Application for Shares may be made direct to the Manager of The Corporation, Frank H. Taylor, 13 Grey Street, Wellington. Bankers: Bank of New South Wales. Auditors: Watkins, Hull, Hunt & Wheeler, Johnston Street, Wellington. Solicitors: D. M. Findlay & Moir, 215-217 Lambton Quay, Wellington. COUNTRY APPLICANTS may reserve Shares, pending receipt of Application, by telegraphing to ’GUARANTEE,’ WELLINGTON. '