Page 23 Advertisements Column 1

Sun (Christchurch), Volume VII, Issue 2143, 28 December 1920, Page 23 (Supplement)

Out men understand the necessity for care, and "Safety First" is our rule in regard to your property. For moving, Storage, or distribution, come to us first. .--J. M. Hevwood and Co., Ltd. .2

NOTICE OF ISSUE OF PROSPECTUS. THE KAUPOKONUI CO-OPERATIVE DAIRY FACTORY COMPANY, LIMITED. FOR THE ISSUE £70,000 "A" DEBENTURE STOCK IN SUMS OF £IOO AND MULTIPLES THEREOF, BEARING INTEREST AT £7/5/- PER CENTUM, FREE OF EXCHANGE IN NEW ZEALAND. CAPITAL OF COMPANY: £60,000, DIVIDED INTO 60,000 SHARES OF £1 EACH. PAID UP CAPITAL AT DATE OF ISSUE OF PROSPECTUS: £48,011. These debentures are offered for subscription on the following terms:— £25 ON APPLICATION. £25 ON ALLOTMENT £25 "WITHIN THREE MONTHS £25 WITHIN SIX MONTHS. With the right to pay the whole amount in cash at once. Interest will be computed on the amounts paid up from date of payment. Subscribers to have the option to have the Debentures for a term of six, eight or 10 years. The Company paid to its suppliers, for milk delivered for the season 19191920, the sum of £245,942. The Company's store turnover has increased from £20,605, for its financial year 1910-1911, to £92,111 for 1919-1920. ' Investors are reminded that, under existing laws, the income tax payable upon these Debentures is now 3/- in the £1 income derived therefrom, whereas in many cases up to as high as 8/9 in the £1 income tax is payable for income derived from other sources. If a person pays no income tax, then toe does not pay debenture tax. This fact alone makes this investment a very attractive one. Copies of the Prospectus and Forms of Application for Debentures can be obtained' from the office of the Company at Kaupokonui, from the principal branches of the Bank of New Zealand, and at the office of this paper, or at the office of the Company's Solicitor, Mr A. O. Bennett, Manaia. Applications will be dealt with in the order of their receipt. The Prospectus -itself has been filed with the Registrar of Joint Stock Companies. Dated this 22nd day of December, 1920. By Order of the Board of Directors. E. C. BARLEYMAN, Secretary.