Page 2 Advertisements Column 3

Otago Daily Times, Issue 26779, 24 May 1948, Page 2

This advertisement does not purport to be a prospectus and does not duly comply with the requirements ot Section 46 of “The Companies Act, 1933." A copy of the prospectus has been filed with the Registrar of Companies, Christchurch. The consent of the Minister of Finance (pursuant to the Finance Emergency Regulations, 1940) has been obtained for the issue of shares offered in the Prospectus. ANDREWS AND BEAVEN LIMITED (Incorporated under "The Companies Act, 1903”) AUTHORISED CAPITAL .. £SO,OOO ISSUED CAPITAL £20,000 The Company is now Issuing 60,000 5% Cumulative Preference Shares ©f £1 each at Par The offer of shares is being made by means of a Prospectus dated 17th May 1948. Applications for shares will be received only on the forms of application issued with the Prospectus. PRESENT DIRECTORS S. W. ANDREWS M. W. BEAVEN E. T. BEAVEN T. W. ANDREWS ] AH of Christchurch, ImI porting and Manufactur- | ing Engineers. PROPOSED DIRECTORS (To represent Preference Shareholders) G. W. R. OSBORNE, of Doyleston, Farmer. R. C. NEVILLE, Manager of British Pavements Ltd., Christchurch. INCORPORATION OF COMPANY The Company was incorporated as a Private Company on the 23rd day of March, 1906, and re-registered as a Public Company on the 28th day of April, 1948. OBJECTS OF THE ISSUE To provide additional finance for the development and expansion of the Company’s business (£45,000), and repayment of Debentures (£15,000). FINANCIAL Reports by the Company’s Auditors (Jameson, Son, and Anderson) and the Investigating Accountants (Pickles and Perkins) disclose the following:— (1) “Tax paid” Profits over the last four financial periods (4J years) totalled £29,707 —more than ample to pay twice over Preference Dividends on the whole issue for the same period. (2) When the whole issue is subscribed, each Preference share will have a net asset backing of over 37/-. (3) It is anticipated that Turnover and Profits for the current year will be at least as great as last year, when the figures were:— Turnover £431,472 • Net (Tax paid) Profits .. £11,666 TERMS AND CONDITIONS (1) Of the 60,000 Preference shares now offered, Debenture holders, shareholders, staff, and clients of the Company are given preference as to <85,000 shares, the Organising Broker has a firm allocation of 5000 shares, and not less than 30,000 are available for public subscription. (2) 10/- per share is payable on application and 10/- on allotment. (3) Application will be made in due course for Stock Exchange listing of the Preference shares. (4) Pending allotment, all application moneys will be banked to the credit of a Special Trust Banking Account of the Company’s auditors. APPLICATIONS Application for shares must be made on the form accompanying the Prospectus, copies of which may be obtained from the Organising Broker, S. W. Jameson, 176 Hereford Street, Christchurch. All applications should be made either through a recognised sharebroker or forwarded direct to the Organising Broker. Subscription Lists will be opened at the Office of the Organising Broker at 10 a.m. on Friday, the 4th June, 1948* and will be closed at the discretion of the Directors.

DO YOU CARE TUPPENCE? In the search tor health and beauty a small outlay can bring worth while results. A 3s 6d tin of D.Y.C. Active Yeast contains ample for 21 glasses of this perfect natural food tonic. The cost is only 2d per glass, yet each glass does more for a clearer skin and better bodily tone than expensive external treatments. For that outward glow of inward health drink and enjoy D.Y.C. Yeast. D.Y.C., Ltd., Moorhouse ave., Chch.— Advt.