Page 6 Advertisements Column 3

Wanganui Chronicle, 4 February 1948, Page 6

This advertisement does not purport to be a prospectus and does not comply fully with ths requirements of Section 46 of the “Companies Act, 1933.’* A copy of the full prospectus, of which this advertisement is an abridgment, has been filed with the Assistant Registrar of Companies, Auckland. Approval of the Minister of Finance under Finance Emergency Regulations, 1940, has been obtained for the issue of the debentures offered In the prospectus. N.Z. FOREST PRODUCTS LIMITED (Incorporated under the “Companies Act, 1933,” of New Zealand on 24th December, 1935, • pursuant to an Order made under the “Companies (Bondholders Incorporation) Act, 1934-35.”) Authorised Capital £11,000,000 Issued Capital £6,203,065 ISSUE OF £1,250,000 OF DEBENTURES Rate of Interest: per Annum. Currency: 15 to 20 Years. Price of Issue: Par (£100). (The debentures are repayable at par (£100) on Ist April, 1968, subject to the Company’s option to redeem on and after Ist April, 1963, upon having given six months* notice.) The offer of debentures is being made by means of a prospectus dated 14th January, 1948. Applications for debentures will be received only on the forms of application issued with the prospectus. DIRECTORS: issue, and that part of the for- Th© Underwriters (who have David Henry, Company Direc- ests which will be actively used underwritten the whole issue) tor, 23 Stilwell Road, Mt. Albert, ln the industries now estab- have exercised their right under Auckland, SW2 (Chairman and hshed and to be established out the Underwriting Agreement to Managing Director); Isaac Her- of the proceeds of the issue, the firm allotment of £260,000 bert Boas, Chemist, 1 Kelvin provide a backing of £328 for of the debenture issue. Grove, Prahran. Melbourne; each £lOO of debenture capital. Subscription lists *open at 1« Charte, Moore Bowden, M.P., Annual payment of debenture a m on Wednesday 28th JanuPubllc Accountant, 34 interest is covered 1.88 times by ~ , wIII rilose at Brougham Street, Wellington; Profits earned from existing , ' on wedneed av lBth Hon. Sir Charles William operations for the year ended February 1948 or eSler if Clanan Marr, K.C.V.0., D. 5.0., 31st March, 1947 without taking fully subicr bed ' " NIC, V.D., J.P., Company Di- into account additional sources 3 rector, Telegraph Road, Pymble, aS Stated in the pr ° B ’ TRUSTEE for Sydney: lan Nleiklejohn Mathe- pectus. TRUSTEE FOR DEBENTURE son, Manufacturer, 1 Marirl MULDERS. Road, Kelburn, Wellington; A cumulative sinking fund of The Guardian Trust and ExecuWilliam John Truscott, Com- one-half per cent, per annum tors Company of New Zealand pany Director, 29 Glenfell Road, £> r th ® first five years, rising Limited, South British BuildEpsom, Auckland; James Tyler, thereafter to 2J per cent per ing, Shortland Street, Auckland. Engineer, 80 Mountain Road, w?.’2 s HIPY ided - s,nk " .iwncDi*,DiTrDc Ensom Auckland ing Fund will be under the con- UNDERWRITERS: Epsom, AUCKiana. trol of the Trugtee for fhe De _ j B Were an(J Son> .< Capel OBJECTS OF THE ISSUE: benture Holders and will be in- Court,” 375 Collins Street, MelTh» nrnrpfidq nf the issue will vested in the purchase of de- bourne. (Members of The Stock plant SS n? BlChange °' MelboUrne '> pGiiinmcnt fnr tha aatablishment autnorised trustee securities or n? U |n P d™?rl«? based on the vast BROKERS FOR THE ISSUE timber resources of the com- One half of the issue (£626.000) .... . Pony- Is offered for subscription in "MW Astral™ S 8 e e ntl ?h S an an £soX ,me "t t h£ in £^'“So" Oun.din] planned a rapid extension of fall short of that amount. BXln“ Dunedta E ’ chan 'o present activities and the establishment of a kraft pulp APPLICATIONS: The minimum subscription upon mill, followed later by a kraft . Application money (free of ex- ?’ hlc , 1 } , the d . ir ‘ ct °':" P roceed paper mill. change In capital cities) may be to allotment Is £1,250,000. for Paid in full or ten per cent, on Interest will accrue upon debentures- application and the remainder amounts paid up from time to 25 5 .... .. at the rate of ten per cent, pay- JIT. e “ from 16th February, The debenture capital Is se- a.t>le every three months with 1948. cured by a first floating charge t he right to pay in full any out- Copies of the prospectus and over the assets and undertak- standing balance on any inter- application forms may be obings of the company in New eßt flate tajned from the offi( , e Qf ths Zealand, subject to conditions Comnanv O’Rork* Rnad Penset out in the Trust Deed. Applications will be received at rose, P Auckland, SE6. or from ARTETA BACKING FOR Y x? O, ?< Ce ! n « Ne , W , Z £ alan i an y offlce ,n New Zealand of ftIVpNTURFR. NG FOR the National Bank of New Zea- the National Bank of New ZeaDEBENTURES. land Limited or the Bank of ] nn d Limited, or the Bank of The net tangible assets of the New Zealand, and by any mem- New Zealand, and from memcompany, together with the ' her of a recognised Stock Ex- bers of recognised Stock Exproceeds of this debenture change in New Zealand. changes.

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