Page 13 Advertisements Column 3

Otago Daily Times, Issue 20582, 4 December 1928, Page 13

LET TRAINED FINANCIERS YOUR CAPITAL! SUBSCRIBE TO THE Registered under “ The Companies Act, 1908.” , Dated BtK day of October, 1928. . Filed Bth day. of October, 1928. Nominal Capital . . .. ... .. .. £500,000. 100,000 SHARES, £i each, are now offered, for. Public Subscription upon the following terms:— 2/“ Per Share on Application, '2/- per Share on Allotment, and the balance in Calls of 2/- per at intervals.of not > less than- two months. : FIRST DIRECTORS; JAMES FLETCHER, . Chairman ’of Directors- Fletcher . Construction Company, Auckland. ■ ERIC HOUGHTON RHODES, Civil Engineer, Auckland. . DOUGLAS KERR, Manufacturer, Auckland. WENDELL A. PHILLIPS, General Manager J., J. Craig, Ltd., Auckland. LEONARD JAMES STEVENS. Solicitor. Auckland. - BANKERS: - National Bank of New Zealand. Limited. n * ' ' SOLICITOkS: K V BRANDON, WARD & HISLOP, Wellington. L. J. STEVENS. Auckland. ■ ' • MOORE, MOORE & NICHOL, Dunedin. v i V AUDITOR: ’ (To be' appointed). , SECRETARY: J. A. GENTLES. .. ■ • , Messrs Gilfillan & Gentles, National Bank Buildings, Auckland. REGISTERED OFFICE: - ‘ 23 National Bank Buildings, Auckland. NO. PROMOTERS* SHARES. The establishment charges of the . Trust will he smaller than these of any Public 1 Company-established in New Zealand in recent years. GENERAL OBJECTS. . The Object* of the - Company are:— ? * 1. To carry on the usual business of an Investment Trust’ Company,'aiming at obtaining a higher return on the capital employed than is open with safety to the individual investor, and also having special regard to certain principles of investment which are well recognised, but have as yet not been generally acted on in New Zealand. . ■ , v 2. To underwrite the share capital (in whole bn in part) of a Company about to be formed. 1 3- To males advances on approved securities. 4. To acquire approved securities at, discount, and or on terms that approved guarantees shall ,be held-by the Company as collateral. . r 5. To underwrite Debenture and Stock Issues of established businesses. . , 6. To act .as, Trdstee for Debenture Holders. The fundamental principle upon which such a Trust operates is the spreading, of investment risks over* a wide jfield by distributing the greater proportion of bpth its subscribed and'borrowed capital in a considerable number of* carefully selected - Investments. RETURN. Investment Trusts in Great Britain and America have proved a most lucrative form of investment. For instance: Average earnings of 45 British Trusts between years 1910-1920 was from 7 per cent, to 9 per cent. Average earnings of 13 recently-formed British Trusts, 6 per cent. Average market price, £144. Both in dividend return and market investment Trust shares represent a convenient and lucrative form of investment. '/ Investment Trusts give the small, investor: most: of the privileges enjoyed by the man with large Investment Capital; but it is not Id the ama l_lnvestor alone that the Investment Trust slfould appeal— Financial Trusts have facilities for investigation which is often denied the private Investor. . Few Investors could afford the time for such inquiries, even if they had similar avenues available therefor. ' A leading feature of Investment Trust Companies is that the Shareholders* Capital immediately becomes dividend producing. Unlike Commercial Concerns, there are no stocks to deteriorate or drop i: value, no Far too many, people either deprive themselves of a reasonable return by seeking safety only; or needlessly risk their capital in hazardous and fortuitous Investnient. ** , . Concrete evidence exists that in England and' : Si-:-tl a nd—the Home Pt Investment Trusts—many choose to follow trained leaders rather than depend on their own judgment. .k Tru j l Compan ! e 1 s h fY e ? reat advantages over the ordinary Investor t , “I 5 ' d ° a business In underwriting new issues, and thereby either increase their revenue or get at the underwriting price Securities which they wish to hold. Many of the best things are offered privately to , the Investment Trust before they are pul ion the market. To those who have hitherto deprived themselves of a reasonable return on their capital, the merits of a well-conducted Investment Trust should appeal. Applications will only be received on the footing of the full rrospectus ana on the; Form ‘issued therewith. Prospectus, Full. Information, and Form of Application for Shares may be obtained from the New Zealand Underwriting and Development SSSpJnS'ot. Bmt: Dunedin. Representatives: W. A. *Mitson & Go.. Executors _Building, 24 Water Street. Dunedin; and New Zealand Dunedin 6 TrUSt and Bond Corporation, Limited, 105 Lower High Street, THE NEW ZEALAND UNDERWRITING AND DEVELOPMENT CORPORATION, LIMITED, ■ Ground Floor, Premier Buildings, Durham Street, Auckland. THE NEW ZEALAND UNDERWRITING AND DEVELOPMENT CORPORATION, LIMITED, Ground Floor, Premier Buildings, Durham Streot, Auckland. . riease send me, without obligation, Prospectus, Pull Information and Form of Application for Shares. * imormanon, Name .. Address O.T.

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