Page 7 Advertisements Column 1

Poverty Bay Herald, Volume L, Issue 16496, 31 July 1924, Page 7

BUY and BENEFIT by HUMPHREY’S U BAYS of SAVINGS on CROCKERY and GLASSWARE BOUGHT DIRECT FROM THE POTTERIES IN ENGLAND, AND SOLD TO YOU AT PRICES NEVER BEFORE OFFERED IN GISBORNE

BOX No. 91. s ’PHONE 87. THE RED_SH©P “THE SILVER KING” LEVER SELF-FILLING FOUNTAIN PEN Plated Nib. Handsome Nickel Fitted with Ball-pointed 14carat Solid. Gold Plated Plated Body. Fills in a flash. ' .The price is eight and it writes l’i 1/6 Fop 1/6 YOU CAN BUY THIS WONDER PEN. Complete ,in Nice Box, with Full Instructions,. The Biggest Value ever offered in Gisborne. FULL STOCKS OF DENNISON CREPE PAPER, STREAMERS. CONFETTI & BALLOONS. A BIRTHDAY CANDLES, in ail Sizes and Colors. PARTY CRACKERS and BON-BONS, from 1/6 per dozen. Visit the Popular Shilling Shop THIS WEEK. ’ YOU WILL BE SURPRISED AT THE RANGE OF NOVELTIES SHOWlNG.—Opposite Pettie’s). A. Langridge & Co. BOOKSELLERS, STATIONERS AND TOY DEALERS, GLADSTONE ROAD.

A section in Manukau road. Parnell, was sold at auction for £llOO (£22 a foot). MUST HAVE PULMONASSO MANY COLDS ABOUT! “Please send me a 2/6 box of Pulmonas,” writes a wise mother. “Puimonas have done my family so much good that I don’t like being without them in the house, when there are so many cases of Sore Throat, Colds, and Influenza going about.” You, too, need Pulmonas to protect you. Winter chest and throat affections are contracted through the breath. Pulmonas protect you and drive out attacks because they impregnate the breath with soothing vapours of creosote and valuable balsams. Pulmonas vapours, go right to the inflamed tissues and choked bronchial tubes —that is where the trouble should be attacked. Pulmonas gives instant relief, because they act direct, but liquids go into the stomach._ Get Pulmonas for any winter affection of chest or throat. 1/6 and 2/6 at Chemists, or send price to Stacey Bros.. Box 882, Auckland. Trial packet send for 3d in stamps.—4.

Bdnninqtons Irish Moss a strong man’s cough medicine made safe’for children too. Z6&16

The Traders’ A Company intended to be incorporated under “ The Companies’ Act, 1908.” Corporation Capital - <£300,000. Divided into 10,000 Shares of £1 each. .!‘J Of these 50,000 shares of £1 each are preference shares, 1245,000 are ordinary contributing shares of £1 each, and 5000 are ordinary shares of £1 each, which shall be treated as fully,paid up and are to be allotted to the members of the syndicate. It is proposed that the first issue of shares shall coni comprise 20,000 preference shares and 80,000 ordinary shares. i Of these 80,000 ordinary shares, 5000 shall be allotted as above, 5000 have been purchased fully paid for cash by the members of the syndicate, and an additional 25,000 Ordinary contributing shares are being applied for by- the members of the syndicate on fhe same terms as those being offered to the public. The preference shares carry a 7 per cent, cumulative preference dividend, and in the event of winding-up the holders shall receive the amounts paid up on such shares in priority to the holders of any other shares. 1,, addition to the 50(H) shares allotted to the members of the syndicate as fully-paid 4 up, they are subscribing for 30,000 ordinary contributing shares in the Company, t - PROVISIONAL BOARD OF DIRECTORS. Corporation, when Directors Vvill be elected. (Who will hold office until the conclusion of the .Statutory Meeting of the ROBERT BURNS (Managing Director of John Burns & Co., Ltd.). LEWIS ALFRED EADY (Managing Director of Lewis It. Body & Son, Ltd.). CLAUDE MEREDITH FENWICK (Managing Director of T. & S. Morriu & Fenwick, Ltd.). _. HARRY TINSLEY GOLDIE (Managing Director of D. Goldie & Sons, Ltd.), and member of the Auckland l ower SYDNEY^JEFCOATE HARBUTT (Managing Director of Kapal Coni Broom Co., Ltd., and member. of -the Auckland Power Board). JAMES BUCHANAN MACFARLANE (Managing Director of J. B. Macfarlane, Ltd.). ALEXANDER ELDER WARNOCK (Public Accountant). .• „ NATIONAL Bankers: BANK OF NEW ZEALAND, LTD. Auditor: I. B. D. ESAM. ( (Who will hold office until the conclusion of the Statutory Meeting) Solicitor D. It. G. MOWBRAY, Victoria Insurance Buildings. Shortland Street, Auckland. NORMAN A. Organising Broker: W. M. B. MOWBRAY. 22 Shortland Street, Auckland. Interim Secretary: DUTHIE, Messr.i. Bruce & Duihie, National Mutual Buildings, Shortland Street. Auckland. ARE: and purchaser and THE OBJECTS OF THE CORPORATION To'finance'credit sales between wholesaler and retailer, between retailer between-consignor and-in don tor. To assist approved individuals in the. purchase of chattels, in the carrying out. of contracts and in the exploitation, of their assets. I To make temporary advances and grant-short term loans. To take debentures over stock-in-trade. To carry on the business of a mortgage, loan and finance company in all Us branches. Generally to supplement: the existing banking facilities. THE STRENGTH OF THE PROMOTERS In addition to the Provisional Directors there are thirty other promoters, who include: H. P. KISSLING, General Manager of the New Zealand Insurance Co; J. J. KINGSTON, Auckland Manage* of the South British Insurance Co.; W. R, WILSON and E. HORTON, ‘proprietors of “The New Zealand Herald;” C. W. EARLE, Editor of “The Dominion;” W. C LEYS, Editor of “The Auckland Star;” L. T. SYMLS, late Manager of the Bank of" Australasia; D. MacCORMICK. late Manager of the National Bank of New Zealand; HENRY HAYWARD, Manager of Hie New Zealand Picture Supplies, Ltd.; K. P. HE A TTY. Accountant of the National Bank at Auckland; and E. R. BLOOMIHELD, of Auckland and Gisborne. EXAMPLE OF THE BENEFITS DERIVED FROM USING CREDIT. ’> *A business man requires a motor car. He has his income and investments in land- or in,qompauy shares, it would be impracticable tor him to buy the car directly out-of his ''income, and the sale of some of his assets would involve him in an unnecessary His •best course is therefore to purchase the car under the hire purchase system. The price then paid is the cash price of the car plus the Corporation’s differential, covering the. cost of .Investigation, Interest, Insurance and Collection. r l lie buyer pays a deposit ot not less than >25 per cent, in cash, and pays the balance in twelve monthly instalments. Ihc terms may be altered to meet individual cases. A lien is retained on the ear until full payment, is made. The Dealer endorses the notes of the Purchaser, which arc bought by the. Corporation. The Corporation then has three separate securities for the amount of the advance—--4(1) The obligation,of the purchaser; (2) the obligation of the dealer; and (3) its lien over the vehicle. Under such circumstance;# as these the proportion of bail debts is a fraction of tone per cent. At the end of the first year’s operations ot The Australian Guarantee Corporation it was reported that no losses had been made, and none were then anticipated. EXTENT OF BUSINESS TO BE TRANSACTED j. The only other public company established in New Zealand tor the transaction of this class of business 1 has so far confined its operations to the Motor Trade, and only to. certain 'branches of that trade, but although it has not been in operation for a toll year it lias had vto issue the whole of its capital (£200,000) in order to be in a position to meet all the demands made upon it for advances, and purposes increasing its authorised capital to £500,000. i This is an indication of the widespread nature of the business which is open to the present ><Cdmpu|iy, for it will deal with every trade of whatever nature. SAFETY AND SECURITY Experience shows that losses are practically non-existent. In the very rare cases when r .companies of this nature'have to take over assets, their equity in them can hardly fail to • * exceed the indebtedness of the defaulter. There is no element of speculation in any trails-' ,‘action. In the case of chattels of any description not less than 25 per cent, of their value ; is secured to tfie "Corporation at the outset, and in addition they are insured under a comprehensive policy. Every payment made to the Corporation in reduction of an advance -'-decreases the risk upon the security. INSURANCE It is intended to lake a chief agency from one of the leading insurance companies, which Will undertake the insurance of nil chattels over which the Corporation shall grant advances. The commission payable to the Corporation upon these insurances should largely cover the cost of administration. In such companies, ns this the ratio of administration expenses to turnover is extruordinarily low. CHEAP INVESTMENT FOR SHAREHOLDERS A leading feature'of corporations of this nature is that it is very unusual, and is,-in filet, not profitable for.them to call up more than say 10/- in the £1 on their ordinary shares. It. is far more usual and more profitable to obtain additional funds on Ihe security of their uncalled capital, and to use them instead of the shareholders’ money.in the business of the company. This leaves .-it a low figure the amount on which dividends have to be paid, and therefore increases the prospect of larger dividends. REMUNERATIVE CHARACTER OF BUSINESS If mav be seen that where the Corporation will have numerous advances which are ] H! j,ig conliimullv reduced by monthly payments, these monthly payments form a further source of capital for further advances. .It is not anticipated'that any money of the Corporation will be idle for a day. For example,,’if there are 200 motor, cars secured to- the Cor-. ponjtibif, and the-original advance on each amounts .to £50(1, including principal, .'interest, ami. other charges, each client .has: n moiitlily 1 -payment, of £4l/.13/t to make for .twelve months. Therefore, from this source alone the Corporation would be receiving £B3BB/6/8 per month, which' covers a further sixteen loans of £SOO each.. - " . * i i APPLICATIONS FOR SHARES Copies of the Prospectus may be obtained from, and application for shares made to, the Representative of the Organising Broker, G. Craig, at the Gisborne Hotel; to the local agent of the Organising Broker, E. Plumer Mountfort, Lowe Street; or any member of the Gisborne Stock Exchange. ( The Corporation will go to allotment on TUESDAY, the 12th August, and as the minimum number of shares required for allotment has already been lar exceeded investors should send in their applications early. All applications must be accompanied by the sum of 2/6 per share. FORM SHARES V, OF APPLICATION FOR To the'.Provisional Directors of The Traders’ Finance Corporation, Ltd. (Intended to be incorporated under “The Companies Act; 1908.”) | l’.O. Box 487. Auckland. Gentlemen, ' *Prefei’ence j HEREBY APPLY for .'. .Ordinary Shares of £1 each in the)Capital of the above-named Company, to be allotted to me upon the terms of the Prospectus issued.in relation to the stlid Company, bearing date the 30th day of June, 1824. HEREWITH I hand you ihe sum of being application money of Two Shillings and Sixpence per share upon the above-number of shares, and T-.heyeby m"roe to accept the same or any lesser number of shares that may he allotted to me;;and in respect of Ordinary Shares to pay Two Shillings and Sixpence per shave oir allotnieht, and Hie balance of Fifteen Shillings per’share in such calls as may be, made by the Directors, not exceeding Two Shillings and Sixpence per share, at, intervals' of not less than three months; a infill respect of Preference Shares the balance' of Seventeen Shillings jand Sixpence per'share on allotment; and I authorise you to register me as the holder of; the said shares subject to the provisions of the Memorandum and Articles of 'Association of the Corporation. I DECLARE that I am not, nor ever have been, an alien enemy within the, meaning of the War Regulations in force in Now Zealand, and that. I am not applying for such shares on behalf of an alien enemy. Name in Full Address Occupation Signature Date. ♦•NOTE.—Please inchoate whether Preferdiw o* Ordinary Shares are applied fw.