Page 2 Advertisements Column 4

Timaru Herald, Volume CXXV, Issue 18653, 23 August 1930, Page 2

BUSINESS NOTICES. STRACHAN’S CLEARING SALE. IN ARCADE. NOW ON! NOW ON! NOW ON! NOW ON! LEASE TRANSFERRED. Infants’ Crepe de Chene Frock. Was 21/6; for 5/-. Brilliant Cotton Frock, Fit 2-year-old Child. Was 18/6; for 6/-. Pale Blue Art Silk Frock; fit Girl 4to 6 years. Was 35/6; for 5/-. 1 Creme Silk and Wool Breechette Suit. Was 25/-. For 5/-. Children’s Creme Woven Art Silk Frocks. Were 21/6; for 5/-. All Kaiapoi Pram Quilts. To Clear at 5/- each. Flannelette Blankets. AH Cream. 1/11 each. Infants’ White Wool Carrying Shawls To Clear at Half Price. Elderly Lady’s All Wool Black Shawl. Was 18/6. For 5/-. A few only Girls’ Cotton Woven Nightdresses. Will Wash, Boil and not Shrink. Were 12/6. For 5/-. One or Two only, O.S. Women’s Woven Nightdresses. Were 15/6. For 5/-. Girls’ Flannelette Nightdresses. Were 8/11. For 2/6. Mending Wools. All to go at Id each. CLEARING SALE NOW ON. STRACHAN’S ARCADE. Getting Known Better Every Day,” THROUGH QUALITY —At the Right Price. EXCLUSIVENESS—In Materials and ORIGINAL Designs. EXPERlENCE—Practicable and Up-to-date. COURTESY—Genuine. SERVlCE—Regardless of Time, Etc. SATISFACTION —The Keynote of our Successes to Date. CURTAINS! CURTAINS! ETC., BY CLAUDE H. SHACKELL, Will carry the Brightness of-SPRING into your HOME, and make it even more attractive. Opp. Majestic Theatre. Tel. 1338.

TIMBERLANDS WOODPULP LTD. (Extract from The Merchants and Traders “ Weekly Trade Report” (Sydney), June 30, 1930). This Company was incorporated in New South Wales with a Nominal Capital of £IOO,OOO, and has a Subscribed Capital of £90,000. Our readers should note that the control of the Company is in the hands of a Board of Management comprising well-known insurance, banking and legal interests, the Board consisting of — Theo J. Marks (Chairman). E. Trevor Gould (General Manager of the British Traders Insurance Co., Ltd. and Union Insurance Society of Canton Ltd.) O. Morrice Williams (late General Manager of the London Bank of Australia), And Messrs A. C. Willis and C. A. Copeland—whilst the New Zealand Management is controlled by A. Kernot, of the Norwich Union Life, and Henry A. Horrocks, a well-known New Zealand Solicitor, in addition to which the Company has retained as Director of Technical Operations, H. H. Corbin, B.Sc. London, B.Sc. Edinburgh, Professor of Forestry, New Zealand University, and at one time Consulting Forester to the Government of South Australia. ' very satisfactory feature of the Management Personnel is that the qualification of a Director is the holding of not less than 3,000 £1 Contributing Shares. The Company’s programme embraces the erection of a Pulp Mill with an annual output of 100,000 tons of highgrade chemical woodpulp for export. In this respect the Company would appear to be assured of a highly profitable market for its products, insomuch as England and America are already, between them, annually importing over 3,000,000 tons of chemical woodpulp, at an average price of £ls per ton. The Company will then have its own supplies of raw material, i.e., pulpwood, and expects to be in active production in 7 years’ time. On the statements furnished, the Company is apparently favoured to the extent of at least £4 per ton under the heading of production costs, as compared with pulping corporations in the Northern Hemisphere, and with the proposed output of margin under this heading alone, which amounts to £400,000 sterling per annum, is more than sufficient to pay for a very satisfactory dividend on the development capital. Owing to development operations being financed by a Bond Issue, there would appear to be further substantial savings in taxation, winch, together with the ordinary trade margin of profit, indicates a probability of the Company being able to distribute annually approximately £BOO,OOO sterling to its Bondholders by way of dividends. The Bond Issue is restricted to 40,000 Profit-Sharing Secured Bonds, and we understand from the Company’s Brokers (Commonwealth Underwriters Ltd.) that over half of this Bond limited number of Bonds are available to investors. Out of the Bond moneys subscribed £500,000 sterling is being reserved to finance the capital cost of the Pulp Mill, and, until required for this purpose, is being placed on deposit with the Public Trustee of New South Wales. The prospectus gives a great deal of valuable information, and the figures contained therein have been carefully checked by several leading firms of public accountants, and the project carries their certificate to this effect. It is not the policy of this paper to recommend any particular investment, however sound it may appear to be, but the general comment may be made that the programme appears to be economically sound, with adequate initial Share Capital behind it, and with every prospect of fulfilment. The investment being sponsored by such an able Board of Directors should appeal to those who are prepared to make available a portion of their capital during the development period, ‘