Page 11 Advertisements Column 2

Otago Daily Times, Issue 23354, 20 November 1937, Page 11

This notice is not to be regarded as an Invitation to the public to subscribe for shares, but is for toe imrp W * giving information to the public concerning the company. SHORT PARTICULARS: 6% PREFERENCE INVESTMENT New Zealand Chain Store Amalgamation of Two Existing Companies MACDUFFS LIMITED with Seven Stores, at Wellington, Christchurch, Lower HuW, Petone, Dannevirke, Wairoa, and Levin. SHILLINGS LIMITED with Eight Stores, at Auckland, Wellington, Christchurch, Dunedin, Hamilton, New Plymouth, Palmerston North, and Masterton. MACDUFFS LIMITED . (Intended to be incorporated under “The Companies Act, 1933.”) AUTHORISED CAPITAL: £500,000 —divided into 350,000 ordinary shares of £1 each and 150,000 6 per cent cumulative preference shares of £1 each; of which—--210.000 ordinary shares and 50,000 preference shares will be issued as fully paid up in part payment for the assets to be acquired from both companies; 15.000 preference shares and 8 ordinary shares are subscribed for in the Memorandum of Association; 85.000 preference shares and 39,992 ordinary shares are to be issued to the public for subscription. 100.000 ordinary shares are to be held in reserve. DIRECTORS: WILLIAM THOMAS RICHARDS. NOEL BLANEY BOYD. WILLIAM JURGEN CANDY. JAMES FRANCIS STEWART. , INFORMATION AS TO THE COMPANY, 1. Profit required to pay preference dividend on proposed issue is £9,000. 2. Macduffs profit for the year ended 30th Juno, 19 37, was £15,267/15/4. 3. This profit of £15,267/14/2 was made from only five stores, then fully operating as units in the chain. 4. Preference capital is secured as net assets, excluding goodwill and preliminary expenses after deducting all liabilities amount to £300,350/17/10, making a backing of over £2 per preference share. BANKERS: SOLICITORS: NATIONAL BANK OF NEW ZEALAND LTD. HOGG & STEWART. COMMERCIAL BANK OF AUSTRALIA LTD. Wellington. AUDITOR: SECRETARY: J. L. ARCUS, F.P.A., R. W. SNEDDON. A.R.A.N.Z., Wellington. P-O- Box 634, Wellington. BROKERS 9 FRATER BROS., Auckland. STEWART, BECKETT k CO., Christchurch. HAMILTON k BUCKLETON, Wellington. SLIGO BROS., Dunedin. LESLIE OSWALD BOYD, JOHN GRAHAM BUCKLETON JOSEPH SAMUEL LAND. CHARLES TODD. Copies of the Prospectus are available from any Member of a Slock Exchange affiliated to the Stock Exchange Association of New Zealand.

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{Pzn^liElaat < \Jo’i£dh Jl'jnitzd ___ Tru»t Fundi held by Truiteei amount to over £500,000 Subscribed Share Capital £241.341 Value of Forestry Contract* Exceeds £4,000,000 Net Area Planted 169,311 Acre* Reiervo* and Other Areas Exceed 12,000 Acres Trees Planted Exceed 100,000.000 Registered Office; SOUTH BRITISH INSURANCE BUILDING AUCKLAND Branches at Wellington. Christchurch, Dunedin, Invercargill, and throughout Australia

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