Page 3 Advertisements Column 1

Southland Times, Issue 19100, 19 November 1923, Page 3

Proposed Company Formation. (In. Terms of “The Companies’ Act, 1908.') Applications Close Friday, November 23rd, 1923. Issti© of 100,000 On.© Pound (or more if Subscribed will be accepted) Try a fl Share or more in the proposed Formation of The Austin Safe Contracts Corporation LIMITED. Invercargill - - New Xealand. ARTHL’q. LIONEL AUSTIN of Invercargill in the Dominion ol fore making some person a direct present of TWENTY POUNDS. 2J Further, that at the end of the said LIVE YEARS during A N™ Zeafanf Auctioned who« rostered office and place of the other fand hi s P TWO HUNDRED POUNDS may be held on SECOND which I have held the Managership that my appoiniment t hall be extended business is known as. the Central Auction Rooms and situate in the Shamrock MORTGAGE over a First mortgage of say FOUR HUNDRED POUNDS to tile for a further similar peuod 01 Fl\ E A EARS i V , t Hotelßuiid,,,sXstivet ln?ercawU f "rmtng a Limited Liability Southland Building Society on a property of the value of NINE HUNDRED agreed upon between the Shareholders and myself. Such further extension Company which’said'iropose’d Campan'v will be known as the AUSTIN SAFE POUNDS, now this Building Society Mortgage of Four ‘^“THIRDLY? B Tint “he ’sWeholdlrs will "give’ me ? the Right to ReCONTRACTS CORPORATION LIMITED with its registered office and what is known to the average commercial man as a REDUCIBLE IIKSI IHIRDLI. Inat the uiaieiioloers will£ £ place oi businessa" ifvTcargill The said propoid Company is being formed w.tl. MORTGAGE inasmuch as the Mortgagor thereof is compelled by the terms serve the purchase of FOUR THOUSAND SHARES for myself on the same the ISSUE OF 100 000 ONE POUND SHARES (more will be accepted and and conditions of his mortgage to pay to the said Society by Lunar Monthly terms and conditions as set forth in the Application 1 orm app allottedMf applied Uat the time of this issue)/and[ even though the total Subscriptions a sum of about ONE POUND TWELVE SHILLINGS in and as offered to the General Public on the condition hat I ake up such 100 000 Shares be n. t aunlied for at the time of this issue the proposed Com- reduction of the principal sum advanced to him by the Society, together said shares witlnn a period ot Three Years of the formation of this p p panv will still be roistered with a Share Capital of £lOO.OOO, and the balance with his interest thereon, so he is therefore reducing the amount of his Corporation. Such Shares to be allotted to me in manner applied for unng or thp nnallntfpd sharps will be issued on anulication therefor thereafter. liability to the Society month by month and as time goes on it makes the the currency of the said Three years. . The objects J the said proposed Company will be the purchase and Second Mortgage equally as good and safe a document as is the First FOURTHLY :—l II Al all out of pocket expenses incurred and necesS ALE of FREEHOLD LANDS or of SOUND LEASEHOLD LANDS with Mortgage, the only difference being that the Second Mortgagee requires to sary for the formation of this proposed Corporation, including the printing of its valuation for improvements thereon THE ERECTION (by contract or other- see that the Mortgagor fulfils and performs the terms and conditions set forth Books, Ledgers, Forms, Stationery, etc., including the advertising of this ”‘e)of Dwell™™ Fot Sale on land acquired by the proposed Company, THE in the said First Mortgage. Now- I have seen and known of cases whereby share issue, shall be borne by the proposed Corporation and shall be a legal ADVANCE M sums of money by way of mortp^^t^Tt^^vMu^f.he 6 mortgalmXg Chattel TraS- e er La “ct TORctIsE (nD ol present oi“ fwEOTY-FIVFI POUNDS fit the ONE HUNDRED POUNDS, FOUR nor more than NINE DIRECTORS ifTompulsory under the terms of and &fe FirH Mortgages “nd of sS Mortgages winch are held over and ofttimes when finance has been a little tight or hard to ’ DIRECTORS to be men of good standing Starr d wkette a sitrdar S tostituUon? U ar'd S the C * IMS- g' r “P the opportunity of discounting” such a There are many SIXTHLY:—THAT if sufficient applications be received for intended COTINTTNr rrt ranged bills of exchange etc The reasons why P Mortgagees sometimes want to discount their mortgages. They shares to bring this proposed Company Formation into being the Memorandum J r may want to enter into business on their own account or enter into some of Association and Articles and the Prospectus therefor will immediately be acceptance of Money at Call at alow rate of interest or on H. P other investment which in their own opinion offers a special inducement, and drafted and printed and a copy forwarded to every intended Shareholder for at current Bank rates, the Probability, At*a which will more than compensate them for the amount they have dropped his or her perusal and any intended Shareholder not being satisfied therewith time) the Purchase ot an area of Mtllmg Timber and Severn Ihng - in the discounting of the J id mort ga g e, or they may have to go abroad for will have the RIGHT TO WITHDRAW his or her application at any time cost of not more than £2OOO and business or other reasons, therefore tie proposed Corporation would fill the gap within TWENTY-ONE (21) DAYS after the said copies have been posted and as required for the construction of Dwellings erected by t p p anc j purchase any such Mortgages which in the opinion of the Manager were of so immediately obtain a FULL REFUND of the amount paid as a deposit less pany. and lastly General Incidental. . (;;i t na ture that mav be offered. the sum of ONE SHILLING to cover the cost of printing and posting. I th m rPT^ P CHTsF° b f eC STXTA’’FAiF P ACPES In M an Free O reference to the proposed Corporation accepting sums of money at, You may possibly think at first sight that the 1000 free shares to be t e M h T J n r J T .b th. q„bdivisffin Call or on Fixed Deposit for a Term, I may say all Banks and Financial aUotted to me and a salary of Six hundred per annum seems a very high order hold Land held under The Land Transfer Act, for the purpose of Sub s Institutions accept money at from 2L to 4 per cent, and lend it out at from but when I explain to you the fact that if the issue of shares be not less into Quarter-acre Building Allotments, the said piece of land being Lot TWO sto 7 per cent., therefore netting a reasonable profit on the transaction. The than 100,000 (and I feel confident it will not be less) that the FREE GIFT on plan and Subdivision of parts of Sections 4 and 5, Block 1 Inveicarg 1 proposed Corporation may do the same if any cheap money offers, providing it to me to each Shareholder will not average TWO PENCE HALFPENNY per Hundred, and also Allotments numbered One to (both m- at a P J , P o md immediately uken the bal . elusive) of Block 4on plan deposited m the Lands Registry Office at Invei q' be men ti O ning of the PURCHASE of a SAWMILLING PLANT and ance will soon be sold if necessarv. WiHi regard to my salary of Six huncargill as number 60, being parts of the land comprised and described in an q£ good UMBER is brought before your notice for the dred pounds per annum this will only average to each One Pound shareholder Certificate ot Title Xolmne 86, Folio 189, Southland Registry following reasons. vii;:-That with the Purchase and Acquisition of a Small of the 100,000 issue the infinitesimal sum of ONE PENNY and a HALF f u I ?nv2’ ld T/nnFlni??? 6 °TVVFRr APPTT t MiU at a 0081 of not more than the sum of Two Thousand Pounds as herein- PENNY per year and 1 hope to save in legal fees alone per year more than of about ONE and A-HALF MILES from IN \ ERCAKGILL FUST Or 1 ICE, before mentioned it is possible that the proposed Corporation could make a this amount for the proposed Corporation, as legal advice pertaining to any of the and portions thereof are Bounded on the North side by a line in continuation nett fit of £jq per week therefrom, besides being supplied with all the proposed Corporation’s undertakings will only be sought on extraordinary matters of 1 arrow btreet, on the M est by Margaret and Isabella Streets, oni the necessary Timber for the construction of any Dwellings it decides to erect, not known to the Manager. Then again lam Licensed to prepare Transfers and South by Charlotte Street and the Main East Road (the Main Fast Road Timber wou iJ j n rea lity be Free of Cost to the proposed Corporation. Mortgages under the Land Transfer Act and the cost to the proposed Corporation bemgthe only road leading to Kennington, Gore, Dunedin and the North) and j know o{ guch a , nfc as thig thafc can at regenfc be boug ht for that amount. for the preparation of the Transfer of any block of-land purchased by it will all traffic Eastward must also pass this property. Ihe Invercargill Corpora- j. - g capab j e o f cu tting up to 4000 feet per day arid there is an area of about not exceed the sum of ONE POUND no matter whether the price paid for tion First Tram Section (formerly a penny, now twopence on all First 350 acr^s q{ d vil ’ in r bush compr i s ing R ed Pine and Beech, the cutlirq- the property was ONE THOUSAND or FIFTY THOUSAND POUNDS, Sections) is within 10 minutes walk therefrom, and the property is within rights of which have about TEN YEARS to run on the basis of Government and the saving under this heading will amount to a considerable sum from a 'l Ur ?_. "?. lk P°± °®“’ ELW. 8 Scale of Royalty, payment, In the course of say 6 months or so this mill time to time. In addition to this I expect it will not be very long before the part of the centre of the D ,wn -_ there are no waste lands, the -whole of it be w^b j n three miles of a railway station or siding where the limber sum of Five Hundred Pounds per week or more is being paid to the proposed being almost as level as a Bowling Green, and owing to its proximity to the can be ra || e< j as a new railway is being forged ahead in this particular Corporation, by instalments under its various undertakings, these matters very heart of the Queen City of the South, it lends itself admirably for the district, whereas in the meantime it has to be carted some 5 or 6 mi>s by together with the fact that all inspections, valuations, sales, contracts to and purpose of Subdivision. The price which the \ endor, by whose family the good road. I have set the profits down at a low estimate, as when you take from, and attention to subdivisions and various other matters such as setsaid property has been held for the past 30 or 40 years, has been set d^ into consideration the fact that £55 to £75 per week should run thi» mill ting out all the documents necessary for the carrying on of the proposed Corat a reasonably low figure and the Company can either purchase on a Gash a j so be j gome days 4000 feet may be cut wffiich is sold at from potation, etc., will prove to you that your Six hundred pounds per annum will Basis or on good and exceptionally easy terms, but Vendor \vill make a 17/- per 100 ft wholesale and as high as from 30/- to 50/- retail, it should p® well spent and in no way an extravagant salary for the amount of w r ork reduction of the sum of FIVE POUNDS PER ACRE FOR CASH and which easily give a much larger return than my estimate, and should prove to be <» involved and controlled by me. proposition the Company will take advantage of. Ihe prospects of this sub- valuable asset to have in conjunction with the proposed Corporation’s under- In conclusion I may say lam a British subject and was born at Bt. division present a Large and favourable Margin to the proposed Company. takings. The proposed Corporation may or may not undertake the purchase Helens, Lancashire, England (the town wherein your esteemed and respected and as time goes on there are other adjacent blocks that will probably be thereof but in any case should negotiations be entered into the strictest in- lat® friend, the late Right Honourable _R. J. Seddon, was born), I came to New entertained for subdivision by the proposed Company. vestigations would be made and expert advice obtained thereon befnre enter- Zealand 18 years ago, and have spent the last sixteen years of that time in The present owner has several times been asked to sell various portions taining any proposition in connection with the purchase. Invercargill. My motto has alw r ays been and always will be “British Fair of the frontages of this property at reasonably good prices, but owing to his >j’he Direct Importing means that if the proposed Corporation entered on Flay and Justice.” I have had a wnde experience in all the matters intendea health being impaired and the fact that he is getting advanced in years, he a ] ar g o scale of ERECTING DWELLINGS for Sale on the lands purchase 1 to be carried on by this proposed Corporation which is now being formed and will only sell the said land in ONE LOT, therefore every person who takes up b y that it would probably import from England and America the bulk of .1 Want Every Sport and Investor in New Zealand (from North Cape to the a Sharp or more in this proposed Company will participate in the profits to be be requirements and so obtain the same at first cost, Bluii' to take up ONE or MORE SHARES (it only, costs you Five Shillings derived therefrom, and also in the profits of the various undertakings to be j a ]so propose and suggest that for the first Three Years that the proposed per share on application) and so help me to build up one of the Strongest, carried on in general. Corporation shall not pay a Dividend of more than SEVEN PER CENT PER Soundest, and Most Required Institutions in this district. I also want the The Cost of the Management of the said proposed Company will be kept ANNUM thereby allowing the bulk of the annual profits to be utilised for flotation to be the largest on record in the history of New Zealand that has the absolute lowest in the Dominion, combined with efficient and accurate sei - - f ur fher development of its undertakings. In addition to your Seven per cent. ever been floated by one individual single-handed. I am ambitious and have vice and absolute safety. To do this I propose to carry on the whole of the dividend (and the proposed AUSTIN SAFE CONTRACTS CORPORATION never been afraid of work and I assure you that all the proposed Corporation’s proposed Company s Business without the aid of any Board of Directors or LTD. will probably never pay you less) your shares mav grow to be exceed- undertakings will at all times be carried on on the most sound, safe, and stringany legal or other Large Salaried Representative Officers, thereby eliminating in Jy va i uab ] o on the public market and be probably worth ten-fold the ent principles. all needless expenditure and figure heads, unless DIRECTORS are compulsory amount of your paid-up capital, and should at all times be Gilt Edged The cost of a few shares will never be missed by you, and maybe in terms of sections 74 and 75 of table A in the * Second Schedule of The Com- security. before very long you will have cause to be glad that you had so invested, nanies Act, 1908. The only other employees required in the meantime to A Copy of the Annual Balance Sheet prepared and certified by the proposed Many a wealthy person to-day owes his position to the fact that he got his be paid- by the proposed Company will be an efficient Typist and probably a Corporation’s Accountants and Auditors will be posted to every Shareholder start from some small investment that laid the foundation stone of his fortune junior for office work, and a specially well selected Firm of Public Account- together with his or her dividend warrant within TWO MONTHS after the ai) d probably you will get our, foundation stone from this proposed Corpbra*;. ants as Auditors for Annual Balances; these, together wuth the aid of my own date of each annual balance, and such annual balances shall be made on the tion. present staff, will be sufficient to perform all the- duties( connectedl therewith Thirty-first day of December in each year. SHARES ARE PAYABLE as follows, viz.: FIVE SHILLINGS for each Investing your money in the proposed AUSTIN SAFE CONTRACTS >p be Union Bank of Australia, Ltd., will be appointed the proposed Cor- share applied for on application hereof and the balance of fi'IETEEN CORPORATION LIMITED will in no way be a risky undertaking, inasmuch as poration’s Bankers. SHILLINGS per share IN CALLS of FIVE SHILLINGS per share. SUCH for all Land that is purchased by the proposed Company or any Advances I expect to have all matters pertaining to the proposed Corporation and the CALLS to be made at intervals of not less than SIX (6) MONTHS each, made thereby or any other undertakings entered upon, the proposed Company Registration thereof effected so that business may be commenced as from Prospective Shareholders pl-ease note that all you have to pay on every will be more than secured by way of Titles and other instruments to be held tbe Fj rs f, j a y o f January, 1924. All moneys received by wav of Applica- Share you apply for is FIVE SHILLINGS per share’ and a further Five by the proposed Company at its Bankers or at its Registered Office until such Uon for Shares will be lodged in separate Trust Accounts at the Post Office Shillings per share every SIX MONTHS thereafter (if so CALLED) until you land is sold or advances repaid. . i. • . .• -.i Savings Bank and other similar Institutions, and be bearing interest until have paid up the maximum sum of ONE POUND per share. Say, for inTnis proposed Corporation is not being brougiit into operation with the required by the proposed Corporation for its investments, and at all times all stance, you take up TEN SHARES, you require to send Two pounds ten ’J/Sm D 7r W -r Tvn!?? , kee P U P HIGH LAND VALUES or surplus money in hand other than is required at the proposed Corporation’s shillings and a further Two pounds ten shillings for Three more payments at HIGH COST OF LIVING, nor of a class or nature of business that will in Bankers will be kept so invested and interest received thereon. intervals of not less than SIX MONTHS each until you have paid up Ten any way be looked upon as avaricious or harsh or unconscionable, but on the p or a p tbe serv j ces rendered by me, ARTHUR LIONEL AUSTIN, of Pounds in all. You now have the opportunity to secure as many Shares as other hand it is being launched solely with the object to try and reduce to Invercargill. Auctioneer, in connection with the proposed formation and the you can possibly do with and the probability is that when this issue closes a minimum to its clients all costs and charges pertaining to the undertakings proposed bringing into operation of the proposed Austin Safe Contracts Corpor- on the 23rd day of November, 1923, you will not get another chance of any to be carried on by the said proposed Corporation and at the same time be- ation, Limited, and also for acting as the Manager and Sole Controller thereof more, so make hay while the sun shines, and get all you can, for they are come a great factor in the building up of our Queen City of Invercargill, its when the said proposed Corporation is formed, I ask all intending Share Ap- bound to pay you well for your investment. Opportunity, they say, knocks Suburbs and District in general, and once the proposed Corporation is Estab- plicants to agree to the terms, conditions, and restrictions and scale of remun- at everv person’s door once in a lifetime, I am knocking at your door now, lished its name will live for ever. No matter what your profession or calling eration to be paid to me and which are as follows, viz:— so do not fail to accept the chance you now have. in life may be, do not hesitate to take up a few shares, the proposed Corpora- FIRSTLY:—I, the said Arthur Lionel Austin, shall receive 0N55 If in any way you find it difficult to obtain a Printed Application Share tion will never depart from carrying on its business on clean, honourable and THOUSAND FULLY PAID UP ONE POUND SHARES free of cost in Form, yor can apply for the number of Shares you want by simply forwardrighteous lines, and will at all times give you a good return for your invest- said proposed Corporation when formed. ing an ordinary letter enclosing the required amount of cash and stating your ment ' IN THE LANDS AND DWELLINGS PURCHASE DEPARTMENT pointed as .’art full Bame an d address, and occupation. the greatest of care will be exercised so that all purchases thereby made will show iod of Five (5) Years commencing from the First day of January One Thouslafi ' ASJMy ATIONS WILL CLOSE Oil FRIDAY, THE TWENTY-THIRD a fair and profitable margin, and yet at the same time the proposed Corpora- Nine Hundred and Twenty-four at a salary of SIX HUNDRED POUNDS '■ DAY OF NOVEMBER, 1923. tion will be m the position of being able to sell these properties to clients on PER ANNUM, such salary to be payable by pro-rata Calendar Monthly fay- " fake your application as early as possible by either calling at my office better and more favourable terms than the clients could themselves have oh- ments on the last day of each month, Subject However, to such appointm n*. tWa-ai Auction Rooms Spcv street Invercargill or bv filling in the InnhcZ JTSS ” .'»» 10 , ,n .h™u ~..h... i, oa present Building Societies, Starr Bowketts, State Advances and other “ "" ~ similar lending institutions, the amounts being repayable by the Mortgagors a w A T'ik by WEEKLY, FORTNIGHTLY or MONTHLY payments therefore enabling A, 1 JL ICj A M RIW “ the funds of the proposed Corporation to be constantly re-invested and so add r.iii * -r A TTQTTNT * siderably to the income under this heading. None other than safe securities , WUI °THE P ADVANCES by way of Mortgage over Chattels will also ba INVERCARGILL, worked on the WEEKLY, FORTNIGHTLY, AND MONTHLY BYSTEM OF T hornhw rannaef won to A 11ol+„ m „ Repayment, but under this branch of the proposed Corporation’s undertakings HUlcUy lUCJU-cSL yOu 10 2xllol LO 1118 SIIRTCS 111 tilG pTOpOSCCI COTSMALL ADVANCES ONLY - will be made to persons of good character who , (Fill in number in writing) nave good and safe securities to offer, therefore the rate of interest will be T n • exceedingly low for this class of undertaking as compared with the rate charged pOl rtllOll DCHIg IOIIIIBU by VOU. 1 81IC1OS8 lleiCWlth tllC SUHI OI £- I I UCIUg tll6 RHlOUnt P?e S P eTt»r n Py aWe . ? na PP licati on for the proposed said Shares, and I agree to pay the balance in manner of the business will not be developed any more than can be helped, and the RDOVB Set 101 til, Wlieil CfllleCl lipOll UV yOU SO to do. I cllsO fllTtlieT R°Tee to clbide bv the teiTHS Hlld ‘ tricte to“c B tio conditions as set forth herein and I request you to register me as the holder of the Shares so allotted department 11 should to lf the P ro P oSed Corporation be formed and brought into operation. the proposed Corporation’s income, yet at the same time the proposed Corporation will endeavour to supply to the public a better house at a cheaper price NAME IN FULIj ( State if Ml'S 01’ Missl and still get its fair share of profit commensurate with the capital involved. X This department will also be handled cautiously and no wildcat schemes entered into. ' ADDRESS With regard to DISCOUNTING GOOD FIRST MORTGAGES or SECOND MORTGAGES, which may be held over what are known as REDUCIBLE FIRST MORTGAGES, I will endeavour to explain to you in what OCCUPATION way business may be offered to the proposed Corporation, viz : Say for instance a person in Invercargill holds a Registered First Mortgage for the sum of TWO HUNDRED POUNDS bearing interest at the rate of Six pounds per centum DATED fhc rlavr nf 1009 per annum over a Freehold property of the value of say FIVE HUNDRED <JI J 02.1 POUNDS with an unexpired term of Two years to run, and the said PLEASE ADD EXCHANGE TO CHEQUES NOT PAYABLE IN INVERCARGILL Mortgagee desires to turn the said Mortgage of two hundred pounds into " ...- . L liquid cash for some reason known to himself, then in all probability he would iU prospective Shareholders kindly place copies of the advertisement of this proposed Company Formation in some public place or buildings in their respective Cities be offering it to the general public at a discount of probably TEN POUNDS Towns, and Villages (such copies to be so placed with the consent of the Officers in Charge thereof). Copies will be sent to any person who will so distribute in the ONE HUNDRED POUNDS of the face value of the mortgage, there APPLICATIONS WILL ALSO BE RECEIVED BY ORDINARY LETTER IF UNABLE TO OBTAIN APPLICATION FORM.

Xmas next month. In view of the extensive business Mr J. 8. Baxter caters for during November and December, the indent importations and large orders have been specially heavy this year. All Xmas cheer, best qualify, lowest rates at Baxter’s.— (adv*.). “Spring’s arrived —I heard a Cuckoo.”— Weimer. However, Spring Days and Spring colds often go hand in hand. Safeguard yourself against Spring maladies with Baxter’s Lung Preserver. This famous remedy quickly roots out the most chronic throat and chest troubles and brings lasting relief. “Baxter’s” is also a dependable building-up tonic. 2/6 buys a generous-sized bottle at chemists and stores. Family size, 4/6. Advt,