Page 5 Advertisements Column 4

Star (Christchurch), Issue 16261, 30 October 1920, Page 5

A Copy of this Prospectus has been filed with the Registrar of Joint Stock Companies, dated the 26th day of October, 1920 PROSPECTUS of ANDERSONS LtJ. ,(A Company Incorporated under the provision of “The, Companies Act. » 1908.” ' ' PRESENT PAID-UP CAPITAL - £61.800 In 61,800 Shares of £1 each £50,000 7 per cent Cumulative Preference Shares are now offered to the public for subscription on the following tonus !V- per Share on Application 5/- per Share on Allotment And the balance in instalments of 2/6 per Share at intervals of not less than one month. Shares may he fully paid up on allotment, and if so paid shall be entitled to Dividend at the rate of 7% per annum from dato of such payment. The minimum subscription for Shares upon which the Directors mny proceed to allotment is fixed at Ten Thousand Shares. Directors: JOHN ANDERSON, Manufacturing Engineer, Christchurch. HENRY DYNE ACLAND, Solicitor, Christchurch. WILLIAM GRAHAM JAMIESON, Contractor, Christchurch. JOHN MONTGOMERY, Merchant, Christchurch. ANDREW ANDERSON, Civil Engineer, Christchurch. FREDERICK WM, ANDERSON, Engineer, Lyttelton. ■ Bankers: THE NATIONAL BANK OF NEW ZEALAND LIMITED CHRISTCHURCH. ' Auditors: OLLIYIER BROS., F.P.A.N.Z., 154 Manchester Street, Christchurch. Solicitor: F. WILDING, K. 0., 77 Hereford Street, Christchurch, Chief Brokers: HAMILTON and HAMILTON, 90 Hereford Street, STEWART, BECKETT and CO., 152 Hereford Street Applications may be made through any Member of the Christchurch Stock Exenango. Secretary; A. OWEN WILKINSON, B. Com., AJ.A.N.Z. Head Office : Lichfield Street, Christchurch. Works; Christchurch and Lyttelton BUSINESS AND ASSETS OF THE COMPANY This well-known business of manufacturing engineers and iroi founders was established by the late Mr. John Anderson in 1850 an since his death, has been carried on under Iho style of Anderson Limited. . Th ? enormous growth of tho business in the past, and tho eve: incicasuig demand for the manufactures of tho Company have indufee the Directors to offer to the public an opportunity of assisting in furthe development. Tho security offered is undoubted. Tho present book values of assets are as follows Freehold Properties ~ £52 438 . Plant, Tools, etc * "is 400 * .. 68,257 £134,095 It is self-evident that tho Freehold Properties, which comprise ti acres of freehold land in the heart of the City of Christchurch wi frontages to Cashel and Lichfield Streets, and thirty-five acres adioini, the Woolston Railway Station, appear in the books at a figure far bole the market value. A recent and, independent, valuation of the Plant and Machinery by an expert assessed their value at £26,800. Subsequent additions have increased the present value to at least £35,000. The Balance Sheet of £lO ST any at 30tl1 Junc ’ 1920 ’ siowa the ltc£ervc Account as totalling - {to Wodston property has boon recently acquired with tho object of establishing an even more up-to-date Works, which will centralise tho present operations carried on nt Christchurch and Lyttelton. The site immediately adjoins the double lino of railway, where a siding can bo procured. Tho area is sufiicicnt to establish the most up-to-date--Works in the Southern Hemisphere. In order to carry out tho scheme tho Works Manager is at present inspecting the plants of tho loading manufacturors of Great Britain and the United States. Tho centralisation of tho whole of the manufacturing operations of the Company will ensure increased efficiency in production and selling. GROWTH OF THE COMPANY The growth of tho business during the last, ten years is indicated by tho following figures:— In 1910 the sales totalled .. .. £49,492 In 1915 the sales totalled .. .. £90,462 In 1920 tho sales totalled .. .. £150,940 Tho Company manufactures the famous "Anderson” Oil Engine. The popularity of this engine, which is entirely designed and manufactured at the Company’s Works in Christchurch, is proved by the fact that tho output for tho current year is 1160 engines, representing 3184 horse power, as compared with 155 engines, representing 620 horse power, in 1915. Local Bodies throughout N.Z. aro using Road Rollers, Graders, Stone Crushers, and Concrete Mixors supplied by the Company. Over four hundred Dairy Factories in Now Zealand, and many in .•-mith Africa, arc using machinery and plant manufactured by the Company. Refrigerating Companies, Fellmongers, and Woolscourefs are large users of tuo Company's products. , The Lyttelton Works have to their credit well-known examples of Railway "Viaducts, and of other Structural Engineering Work, such as hydraulic and steam cranes, hydro-clcctric construction work, builders’ iron work, and boilers, all of which aro to bo seen throughout tho Dominion. Apart from-manufacturing, a profitable wholesale trade is carried on by tho Company’s Hardware Department. The firm also holds several valuable Agencies for British and American Manufacturers. Without the expense of numerous branches, the Company has established throughout N.Z. an efficient selling organisation under the control of tho Company’s Sales Manager, thus freeing the W’brks Management to concentrate all its energies on production and expansion. OBJECTS OF THE PRESENT ISSUE It is’necessary, in order to take full advantage of-tho opportunities for development which are foreseen, for tho Works and Plant of the Company to be extended, and a large amount of capital is. required for that purpose which will bo partly provided out of tho present issuo. Having regard for dairy machinery, road rollers, tractors, and all other engines, machines and implements manufactured and supplied by tho Company, and to tho importance attached in New Zealand to the development of our dairy and agricultural resources, the future offers great scope for the extension of the business carried on by Audcrsons Limited, and a largely increased output can confidently be expected, Tho Shares offered to tho public arc Preferential both 5 as regards dividend and capital, and aro entitled to a cumulative preferential dividend of 7% per annum free of N.Z. Income Tax Applications will bo dealt with, in order of their receipt. A commission at tho rate of will be paid to any member of a Now Zealand Stock Exchange procuring subscriptions for shares, with liberty to the Company to pay an additional I % to its advisory brokers. APPLICATION FORM ; To tho Directors of Andersens Ltd Gentlemen, I hereby request yon to allot to mo. Preference Shares in tho above-named Company upon tho terms of the Company’s Prospectus, dated the, 26th day of October, 1920, and I hereby agree to accept tho same or any smaller number that may be allotted to me, and 1 herewith hand you tho sum of £ being a deposit of Five Shillings a Share 6a Shares in tho above-named Company, aud to pay the balance of 15s. per share as provided by tho said Prospectus, aud I authorise you to register me as the holder of the said Shares, Name in Fu11.... (Plearc state if Mr., Mrs. or Misa) Address Description ..i. Dato > Signature Applications may bo mado through any Member of the Christchurch Stock Exchange.