Page 16 Advertisements Column 1

Otago Witness, Issue 3512, 5 July 1921, Page 16

1 2 {Free of Debenture Tax) FOR YOUR SAVINGS First Mortgage Security £2 for every £1 Invested The “ Gisborne Sheepfarmers ” Issue of 7\ PER CENT. MORTGAGE DEBENTURES —“The Finest Investment ever offered in New Zealand!” The Issue of £300,000 is secured by First Mortgage on Property and Plant valued at £615,263 A Safe Investment The present Debenture Issue will be secured by first mortgage to Trustees (N.Z. Insurance Co., Ltd., Auckland) of the freehold and leasehold properties and plant of the Company, the value of which reaches £615,263-4-4. That is over £2 for every £1 that is invited from investors —a very full margin of cover. The Debentures are in sums of £SO, £IOO, £SOO and £IOOO payable in full or in instalments, at option of applicant. Interest at the rate of 71 per cent, per annum, will be paid half-yearly, free of Debenture Tax. The Debentures will be to bearer, with interest coupons attached, and are repayable in ten years from Aug. 31, 1921. Reasons for the Issue To finance present and future expansion, The Gisborne Sheepfarmers’ Frozen Meat & Mercantile Co., is making this issue of Debentures. It was established 19 years ago,sand has made steady and consistent progress. It now possesses Freezing Works at Gisborne, Tokomaru Bay, and Hicks Bay—the former being one of the largest plants in New Zealand. Early this year the Company’s nominal capital was increased from £250,000 to £1,000,000. By reason of the acquisition of other Companies, it is anticipated that the issued Capital of the Company will be approximately as follows : Subscribed Capital £637,136 Paid-up Capital £395,754-10-0. Pioneer Farmers 9 Company This Company is the pioneer Farmers’ Company in Poverty Bay. since its formation it has distributed £174,795 amongst shareholders, and paid rebates amounting to £100,527. Reserves amounting to £123,352 are now being distributed as share capital. Its average rate* of dividend has amounted to per cent, per annum., although the primary object has not been to make profit but to safeguard producers’ interests. DIRECTORS OF COMPANY : FRANK BRAYTON BARKER CECIL A. DE LAUTOUR ALEXANDER CAMERON HARRY DE LAUTOUR JOHN CLARK JAMES WREY NOLAN FREDERICK HALL GEORGE M. REYNOLDS HOWARD KENWAY HENRY WILLIAMS Apply Immediately . full details in Prospectus —get your copy to-day, from the Bank of New Zealand or any member of the Stock Exchange, or from the Company’s Broker, Mr. W. Lissant Clayton, Gisborne. Debentures may be applied for at same addresses. The Gisborne Sheepfarmers 1 * Frozen Meat & Mercantile Co., Ltd. GISBORNE