Page 761 Advertisements Column 1

New Zealand Graphic, Volume XVIII, Issue XXIV, 12 June 1897, Page 761

rpONSON QOMPANY. UMITED. •THE PEOPLES" FURNISHING WARE HOUSE, 304, 306. 308. 310. 312. Queen-*tr*et. and Lerne•treer, Auckland. (Registered under the “The Companies Act. 1882.") NOMINAL CAPITAL. £40.000. in 40.000 Shares of £1 each, 25,000 Paid-up Shares. 15.000 Contributing Shares. 5.000 of these £1 Shares, which will be fully paid up as follows : Namely, 10s on application, and 10s on allotment, are now offered to the public. 10.000 Shares Reserved. DIRECTORS: Chairman—Mr J. Tonson Garlick Mr Jas. G. Culpan Mr David McKenzie Mr Ed. Drixkwater Mr Geo. G. Garlick. Bankers—The National Bank of New Zealand. Solicitors—Messrs Thorne and Reed. General Manager—Mr J. T. Garlick. Secretary and Accountant—Mr A. C. Brown. This Con pan y has acquired the business *• long and favourably known as “The People’s* Furnishing Warehouse, established in 1874; including • he Freehold Lands and Buildings in Queen-street, the Factory and other Leasehold premises in Lorne-street, with all stock-in-trade, book debts, and other assets of the said business, including the goodwill thereof, for the sum of £25.000. for the whole of which the vendor has accepted Paid-up Shares in the Company. 20.000 of which he intends to retain, a large proportion of the remaining 5.C00 having been taken up by employees in the Warehouse and Factory. An agreement has been entered into with Mr. J. Tonson Garlick, whereby that gentleman is retained to manage and conduct the business of the Company for the term of fivn years. The Capital of the Company is divided into 25,000 Paid-up Shares, and 15.000 Contributing. Fi vfe I nous and Contributing Shares are new offered to the public at par, which will form part of the Working Capital of the Company, tho remainiwg 10.000 Shares to be reserved till such time as Shareholders may determine to offer them. No Commission has been or will be charged for the promotion or flotation of the Company. The Directors’ honorarium will be 10s. 6d. for each meeting of Directors; but no Director, who is also an Employee of the Company, shall be entitled to such honorarium. Important and extensive alteration* are now being made to the business premises in Queen** street, which will make the shop-front of the warehouse one of the handsomest ix Lire City of Auckland. This venture is confidently believed to be one of the soundest and safest investments yet offered the Auckland public, and dividend-pay-ing from the first month of allotment of Shares. From the Profits made during the past two year* (being upwards of 10 per cent, per annum on £30.0001. Shareholders may confidently expect regular dividend* of 10 per cent, per annum. Shares allotted before the 30th June will be entitled to a dividend as from Ist July next. An Interim Dividend of 10 per cent, per annum, payable on the 7th day of October. 1897. as also a similar dividend that will be declared af’er the Balance-Sheet is made up to 31st March, 1898. is guaranteed by Mr J. Tonson Garlick. All THEDiRECTOii-shaveaPßACTi al knowledge of and acquaintance with the business, most of them having been engaged in it for many years past. With a view to a general distribution of the 5.000 Shares now offered to the public, the Directors reserve the rLht to allot to any applicant such number as lhey think fit. Applications for Shares should be made to the Secretary at once, or before the 21st day of June, together with the application deposit of 10s. per Share. If no allotment be made the deposit will be returned without any deduction, and where the number of shares allotted is leas than the number applied for. the »urplus will be applied ia reduction of the amount payable on allotment, and any residue will be returned to the applicant. Share* will be allotted according to priority of application, and any number from one upwards may be applied for. Application Forms may be had of the Secretary at “The Peoples ” Furnishing Warehouse. Auckland, June lot, 1897.