Page 2 Advertisements Column 3

Southland Times, Issue 19389, 1 November 1924, Page 2

8 PER CENT. FREE OF INCOME TAX. ATTRACTIVE FINANCIAL PROPOSITION. In order to provide funds for the completion of their flume for the water transport of coal at their mine the WestportStockton Coal Co., Ltd., offer an issue of £15,000 worth of Second Mortgage Debentures bearing interest at the rate of 8 per cent, per annum, payable half-yearly, free of Income Tax, being part of a total issue of £20,000, all ranking pari passu in point of charge on the undertaking of the Company, but subject to an issue of £50,000 of first mortgage debentures. The debentures are available in amounts of £5O, £lOO, and £250 each, or in smaller denominations as may be desired. The terms of payment are easy being 25 per cent, with application, and the balance in three instalments of 25 per cent, each at intervals of three months. The security offered comprises all the property and assets of the Westport-Stock-ton Coal Co., Ltd., present and future, save and except its stocks of coal and other debts, and its uncalled capital, but subject to a previous issue of First Mortgage Debentures of £50,000, of which £49,650 have been issued to date. The Second Debentures now offered will rank next after the First Debentures, as a charge on the above mentioned security. The authorised capital of the Company is £200,000, of which £197,785 10/- is issued and fully paid. It is estimated that the completion of the water flume will save the company £lO,OOO per year, and place it on a payable basis. It has been proved beyond all manner of doubt that there is coal in very large quantities in the Westport-Stockton field and there has for some time been a continuous and very satisfactory development. The high quality of Stockton Coal is, of course, well-known. As a safe and desirable investment ensuring a very satisfactory monetary return the above Debentures should be eagerly subscribed for. Applications for Debentures or for any information should be addressed to the Secretary of the Company, Mr G. G. Townsend, F.1.A., N.Z., Regd. Accountant, 183 Cashel street, Christchurch. any Branch of the Bank of New South “Application forms are obtainable from Wales.” (Advt.)

SHIEE LINE LONDON AND WEST COAST PORTS. DNITED KINGDOM—Out and Home. FLEET—ARGYLLSHIRE, AYRSHIRE, BANFFSHIRE, BUTESHIRE, BERWICKSHIRE, also MORAYSHIRE and NAIRNSHIRE (Turbine Steamers). Cargo carried at Low Rates of Freight. Owners of Cargo, London to New Zealand wanted. SHIRE LINE built first steamer specially constructed for New Zealand Refrigerated Trade, which vessel loaded in New Zealand in 1884. Since then the Company have been continuously in the Passenger and Cargo trade to and from New Zealand. For passage and freight apply to— TURNBULL, MARTIN & CO, DUNEDIN. LOADING BROKERS. P. AND O. COMPANY’S EOYAL MAIL STEAMERS TO LONDON. (First and Second Saloon Only). Twin Screw Steamers Fitted with Wireless Telegraphy. LONDON via SUEZ CANAL from SYDNEY. Sailing: Name. Tons. From Sydney. Maloja 20,837 Nov. 19 Mongolia 16,504 Dec. 17 1925 Moldavia 16,277 Jan. 14 Mooltan 20,847 Feb. 11 Maloja 20,837 Mar. 11 Passengers also booked from New Zealand to any Australian port, via Sydney or Melbourne. Return Tickets available by P. O. Branch Line, N.Z. Shipping Co., U.S.S. Co., via Vancouver, U.S.S. Co., via ’Frisco and Orient Line. For Passage Rates and other information apply to— DALGETY & CO., LTD. Make-room bargains— English Blue Band Dinner Sets of 29 pieces, while they last 39/6 a set. Plain White, same price, 39/6. Be quick.—NOßLE’S, Dee Street. MAKE-ROOM BARGAlNS—Aluminium Measures. Were 3/6, now 2/- to clear. Saucepans (large size) were 10/6, now 6/6. Not many left. To make room compels us to sacrifice.—NOßLE’S, Dee Street. MAKE-ROOM BARGAINS—White Bedroom Sets now 25/-. White Chambers now 4/6. China Salt Boxes, just what’s wanted, now 5/6. We defy competition.— NOBLE’S, Dee Street. MAKE-ROOM BARGAINS English China Cups without Saucers 5/6 a halfdozen. Plain White 4/3 a half-dozen. Will pay you to stock up at these prices.— NOBLE’S, Dee Street. MAKE-ROOM BARGAINS—Koh-i-Noor Copying Ink Pencils, usual price 1/each, Our Price 8/6 dozen. Eureka Copying Ink Pencil, usual price 6d. each, Our Price 4/- dozen, under-priced because overstocked.—NOßLE’S, Dee Street. MAKE-ROOM BARGAINS—OvaI Enamel Boilers, 2-gaL size, 17/6; 2j gallon 18/6 3 gallon 19/6. Buying will be lively, get here early. NOBLE’S. DEE STREET. TNVERTIARGn.T,