Page 12 Advertisements Column 2

Sun (Auckland), Volume III, Issue 726, 27 July 1929, Page 12

EMPIRE TOBACCO CORPORATION, LTD. ISSUE OF GURANTEED BONDS. With an authorised capital of £250,000, of which £146,000 is issued and fully paid, the Empire Tobacco Corporation, Ltd., is now offering for subscription the first series of 3,000 freehold guaranteed bonds at £3O each. The following twelve facts for investors show at a glance the merits and salient points of the proposition: 1. The Corporation’s development will not be limited to a single property. It will plant a number of different areas. 2. It will not confine its attention to one region, but will plant in several quite distinct localities. 3. Its first areas are being transferred to the bondholders at the average actual cost per acre of £l6. 4. Subsequent areas will be handled at figures as close as possible to that level. 5. It guarantees 8 per cent, interest until realisation of the first crop. 6. It guarantees the sale of the first three crops at the then current market prices. 7. Its copyright publications, “The World. Market for Tobacco” and

“Tobacco Growing in New Zealand,” give the public of the Dominion full and accurate information of the industry. 8. It covenants to establish trustees for the bondholders, to be elected by them, and without representation by the Corporation. 9. 500 Bonds have been underwritten before the issue of the prospectus. 10. It will pool the proceeds of all its plantations, and divide them equally among the bondholders. 11. It has ample financial resources before going to the public with this bond issue. 12. Its estimates of profit are conservatively based on little more than half of what is stated by competent authorities to be the present average net return per acre attained by small holders. Even at such conservative estimates a profit of £3O per acre per annum is anticipated—about £7 10s per bond. Copies of the prospectus may be obtained from the brokers, Empire Bond Sales, Ltd., 304 Dilworth. Buildings, Auckland. _ 14