Page 4 Advertisements Column 2

Timaru Herald, Volume XCVIII, 12 May 1925, Page 4

The ercantile Finance (A Company duly incorporated under “The Companies Act, 1908.”) Capital £IBO,OOO Divided into 180,000 shares of £1 each. DIRECTORS: ROBERT BELL, Newspaper Proprietor, Christchurch. ANDREW PULLER CAREY, Retired, Christchurch. ARNAUD McKELLAR, Public Accountant & Auditor, Christchurch PHINEAS SELIG, Retired, Christchurch. WILLIAM USHER WEBLEY, Managing Director of Wehley, Sons, and Gofton, Christchurch. WILLIAM FREDERICK SOPER, Manager of Weeks Ltd., Christchurch. ARTHUR DOUGLAS FORD, Manager of Ford and Mirama Ltd., Merchants, Christchurch. BANKERS: Bankers : THE BANK OF NEW ZEALAND. Solicitor : CHARLES STEWART THOMAS, 188 Hereford Street, Christchurch. Organising Brokers : STEWART, BECKETT fti CO., IG2 Hereford Street, Christchurch.' Interim Secretary: ARTHUR STEWART, AP.A, AI.A, N.Z., 152 Hereford Street, Christchurch. Auditors: HOARE AND EJNGSdOTE, 167 Hereford Street, Christchurch. The Corporation functions as a purely Banking Institution, operating upon exceptional security, and its principal operations consist of the liquidating of short-term commercial securities, with three separate recourses to each transaction—an exceptionally safe form of finance. Increase of Capital a| Par No Premium will be charged on this Issue. The first issue of 60,000 shares was largely oversubscribed in three weeks. j Owing to the demand for the Corporation’s funds, the Directors . have decided to issue a further 35,000 shares at par for subscribers in South Canterbury, North Otatfo, and Westland. It is not at present expected that these shares will be called to more than 7/6, or that any further shares will be issued at par. : Notes for Investors The Memorandum of Association gives wide general powers, including ALL THE USUAL POWERS OF A MORTGAGE, LOAN, AND FINANCE COMPANY, but the main objective is the undertaking of BAILMENT FINANCE. An original holding in a strong financial institution is one. of the soundest commercial investments which - can be made. The Company is already incorporated, and has commenced "operations. The Corporation is purely a banking institution and is not subject to labour difficulties, market fluctuations, and other influences which tend to embarrass industrial enterprises. Owing to the nature of its business its funds will earn money immediately. The record of similar institutions extending over ten years in England, North America, and Australia shows uniform success, their usual proportion of losses being a fraction of one per cent. The record of these companies invariably shows a dividend at tho rate of 8 per cent., commencing from the first year Of their Operations. A similar company established elsewhere in the Dominion has had remarkable success,, and: had to increase its Nominal Capital after one year from £200,000 to £500,000 in order to be in a position. to meet the demand for finance. The advances made by such corporations are regarded; as belngmore-secure than those of other lending institutions, because in no other case are there three separate recourses on each transaction. ' A large volume of business awaits’ the Mercantile Finance Corporation Limited, In Christchurch City alone the amount of capital tied tip in short term securities of well-known firms is T estimated to exceed £200,000. The benefits conferred upon traders doing business with the Corporation are very considerable, and as share- y holders will receive preference over other applicants, all intending clients t e of the Corporation are recommended to i take up shares. ..... The use of the Corporation costs the trader nothing, and will enable every trader selling chattels on terms to make \\- every, sale a cash sale. Thus the oapital of the trader is not tied up, and his d turnover can he increased. r Applications for Shares should he made to— Any Member of the Christchurch Stock Exchange; or to G. D. VIRTUE ®> CO., TIMARU, Local Brokers tor the Corporation ORGANISING BROKERS FOR THE CORPORATION : STEWART, BECKETT d> CO. 152 Hereford St., Christchurch

m sm fcv m & §§§: m W& Washed e with y our n hands own 'll ?■*> | This nightie of silk and lace, which you prize ; enough to wash with your own hands—• wash it with Lux, the mildest of all cleansers. You simply toss the filmy Lux diamonds into hot water. They dissolve into a rich, pure foam, gentle to silks, crepes, woollens—all your precious possessions— to your hands as well. In Cartons everywhere LEVER BROTHERS (NEW ZEALAND) Limited, PETONE „ , 366 m & 'll? W wmm i m r£i ■2iiiitk>n You simply toss the filmy Lux diamonds into hot 'water —• / F. G. SMITH AND CC * WAREHOUSEMEN, T.M.C A, BUILDINGS. ANY PERSON CAN BUY FROJJTjI AT WHOLESALE RATESAND OUR GOODS ARE PTRBT GRADE FOR COLD VEATHEtt FUR STOLES. VELOUR COATS. FIRST GRADE PETONE COS* tumes. With each Costume we ,glve_ awa^ a Woollen Jumper to wear with; Don’t forget we sell at WHOLE* SALE PRICES to the Public, and ar4 HERE TO STAY: F. G. SMITH AND CO., WAREHOUSEMEN. Y.M.C.A. BUILDINGS, TIMARU. FRANK BiflSE, CYCLE AND MOTOR MECHANIC, ANNOUNCES to the Public of Pleasant Point and Surrounding Districts, that he has begun business in up-to-date Premises situated in M'lin Street, known as CLONTARF HOLSE. All kinds repairs to Motor Cycles and Push Bicycles. Prams retyred while you watt. Large stock of all Accessories. ft cINTYRE’B Jflixtra Strong 1. luting Pilte, 6* 6d. \our CbcmuP iar wiM for 2da