A GOOD OPPORTUNITY FOR INVESTORS.

Timaru Herald, Volume XCVIII, 15 May 1925, Page 4

A GOOD OPPORTUNITY FOR INVESTORS.

INCREASE OF CAPITAL AT PAR. MERCANTILE FINANCE CORPORATION, LTD. (CHRISTCHURCH). Investing in a purely financial institution, operating on conservative lines -with three separate recourses to each transaction, offers the investor all the elements of safety combined with good profit. An investment of this nature is offered in the additional shore issue of the Mercantile Finance Corporation, Limited (Christchurch), which is purely p, banking institution that has for it's principal object the liquidating of short-term securities held by commercial firms. This class of business is eminently safe, and tbo records of institutions handling it. similar to the Christchurch corporation show uniformly successful progress, an average of 8 per cent, being paid in dividends, while the losses are but a fraction of 1 per cent. Though the first issue of 00,000 of the Corporation’s shares was largely ‘over-subscribed in three weeks, the directors have decided to make tin's issuo at par for subscribers in .South Canterbury, North Otago, and 'Westland. Applications for shares must be accompanied with a payment of 2s Gd per save; 2s 6d per share is payable on allotment; and the balance, if required, in calls of not more than 2s (>d per share, at intervals or NOT LESS than three months. It is not at present exported that these shares will be called to more than 7s fid. Applications for shares ma.vc be made In mv member of the Christchurch Stock 'Exchange, to G. D. VIRTUE and CO., TIMARU, local brokers for the Corporation, or to Stewart, Beckett and Co., 152 Hereford Street, Christchurch, the organising brokers. ...