COMMERCIAL ENTERPRISE

Timaru Herald, Volume XCVIII, Issue 18069, 19 March 1923, Page 14

COMMERCIAL ENTERPRISE

NEW FINANCIAL ORGANISATION. In England) U.S.A., Canada and Australia, there have existed for some time organisations to finance credit sales of commercial motor vehicles. New Zealand has been without the sendees of one of" these exceptionally useful concerns, which are of the greatest benefit to purchasers and vendors of motor vehicles', and to the fortunate shareholders. An organisation known as the N. Z. | Guarantee Corporation, Ltd., has now been formed to transact business along these lines. The public are offered 116,000 £1 shaves, out of the authorised capital of £2(.<),fX)Q. Already the number of shares applied for largely exceeds tho number necessary for registration. This quick response shows, that keensighted business people realise the Wonderful opportuities that lie before •this new enterprise, and it is expected that within, a very' few weeks the; present offering will ’no fully subscribed. Ample -security for the loan will he provided by the motor vehicles under approved hire purchase agreements insured under comprehensive policies against all risks. ■ Full particulars are given in . tho Prospectus, which can bo obtained from any member of the Affiliated .Steel) Exchange of New Zealand, any. branch of tho Bank of New South Wales, the. Corporation’s Interim Secretary, .Mr Frank K. Taylor, Box 553, Wellington, or the Chief Broker .of the Capital Issue, Messrs A. M. Adams and Company, 32 Panama Street, Wellington.