Page 52 Advertisements Column 1

Otago Witness, Issue 3714, 19 May 1925, Page 52

N.Z. GUARANTEE CORPORATION LTD. An announcement is published elsewhere concerning an issue of increase of capital by the New Zealand Guarantee Corporation (Ltd.). The public are offered 150,000 £1 ordi- 1 nary shares at a premium of 2s per share. | The history of the corporation, the : pioneer organisation in New Zealand for financing credit sales of motor vehicles, 1 is shown to have been decidedly successful—a benefit to trade and profitable to , shareholders. Last year the preference shareholders received a dividend of 7 per cent, per annum, and the ordinary shareholders a dividend of 8 per cent, on amounts paid up. A half-yearly dividend at the rnte of 8 per cent, was paid on ordinary capital in February last. The volume of business transacted now approaches half a million, and there have been no losses of any kind. The corporation is thoroughly established throughout the Dominion, and new capital can be profitably employed as soon as available. The business of the corporation is providing credit accommodations for accredited motor traders and approved individuals, and, generally speaking, to supplement existing banking facilities. A lien is retained on the property until final payment is made, and the careful conservative methods adopted by the corporation have proved tovbe a sound policy. It is expected that the whole of the issue now offered will be quickly taken up. Prospectus and application forms ore obtainable from any branch of the Bank of New South Wales, any member of tho Affilialod Stock Exchanges in the Dominion, or from any of the company’s representatives.