Page 9 Advertisements Column 1

Otago Daily Times, Issue 27385, 10 May 1950, Page 9

This advertisement does not purport to be a Prospectus and does not duly comply with the requirements of Section 40 of “The Companies Act. 1933.” A copy of the Prospectus has been died with the Registrar of Companies. Wellington. 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. J. GADSDEN (N.Z.) LIMITED (Incorporated in New Zealand under “The Companies Act, 1933) AUTHORISED CAPITAL : £400.000 125,000 5% CUMULATIVE PREFERENCE SHARES OF £1 TO BE ISSUED AT PAR AND 150,000 ORDINARY SHARES OF £1 EACH TO BE ISSUED AT PAR (50 000 ORDINARY SHARES OFFERED WILL BE SUBSCRIBED FOR BY ’ THE VENDORS) (The whole of the issue available for Public Subscription has been Underwritten.) An offer of shares is being made by means of a Prospectus dated 18th April, 1950. Applications for shares will be made only on the forms of application issued with the prospectus. PROVISIONAL DIRECTORS: P. R. McR. HANNA (Chairman), Retired Banker, Wellington. 8. W. GADSDEN. Manufacturer, Melbourne. N. C. GADSDEN. Manufacturer. Melbourne. W. H. NANKERVIS. Public Accountant. Wellington. T. W. PERRY. Company Manager, Christchurch. H. M. ROGERSON. Barrister and Solicitor. Auckland. K. K. WATTS. Company Manager, Wellington. OBJECTS OF THE ISSUE: The objects for which the Company Is being established are to acquire all the shares In ,1. Gadsden A Co. Ltd., and to carry on the general business of J. Gadsden & Co. Ltd., Tin Canster Manufacturers. Tin Plate Printers, Calico and Jute Bag Manufacturers, etc. HISTORY OF BUSINESS: - J. Gadsden & Company Limited, which Is a subsidiary of the large Australian company of that, name, has carried on business in New Zealand for over 30 years and owns and operates factories in the four main centres. The Australian venders will be Investing £30.000 in ordinary shares in the new Company and will continue their present valuable association. PROFITS: The average “tax-paid” profits of J. Gadsden & Co. Ltd. for the last three years were £22,454 and the last year’s "tax-paid" profit was £28,823. The credit in the Profit and Loss Appropriation Account is £154.030.# The financial year ends on the 30th June, and turnover Tor the six months ended 30/12/40 exceeds that for the same period of the previous year. APPLICATIONS: Applications for both classes of shares may he made only on the appropriate forms accompanying the Prospectus, which may he obtained from the Organising Brokers. Messrs. Campbell, Craig & Company Limited. 6th Floor Colonial Mutual Life Building. Customhouse Quay, Wellington, and Vulcan Building, Vulcan Lane. Auckland, or from any registered Sharebroker. Applications should be forwarded direct to the registered office of the Company at 27-37 Jackson Street, Petone, Wellington. TERMS AND CONDITIONS: Both the Preference and Ordinary shares to he offered for subscription payable as to 5/- per share on application and 15/- per share on allotment. Application will he marie in due course for Stock Exchange listing of both classes of shares. The whole of the issue has been underwritten by Industrial Underwriters (New Zealand) Limited of Wellington. SUBSCRIPTION LISTS WILL BE OPENED AT THE OFFICE OF THE SECRETARY OF THE COMPANY AT 10 A.M. ON THE 17th OF MAY. ,1950, AND WILL REMAIN OPEN FOR NOT MORE THAN FOURTEEN DAYS FROM THAT DATE. BUT MAY BE CLOSED AT ANY EARLIER DATE AT THE DISCRETION OF THE DIRECTORS.

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