28 Sep 1912 - MUTUAL INVESTMENT PROVIDENT COMPANY, LIMITED. - Trove

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Sat 28 Sep 1912 - The Sydney Morning Herald (NSW : 1842 - 1954)
Page 23 - MUTUAL INVESTMENT PROVIDENT COMPANY, LIMITED.

MUTUAL INVESTMENT PROVIDENT

COMPANY, LIMITED.

Line 1.0.0The abridged prospectus appears to-day of
Line 1.0.1the Mutual Investment Provident Company,
Line 1.0.2Limited, with a capital of £2,500,000 in shares
Line 1.0.3of £1 Shares to the number of 1,760,000
Line 1.0.4are offered for public subscription.
Line 1.0.5The purchase price is £60, 000 in cash, and
Line 1.0.6£240,000 in fully paid-up shares. The com-
Line 1.0.7pany may proceed to allotment when 75,000
Line 1.0.8shares are applied for, which would leave a
Line 1.0.9working capital of £15,000 if the vendors take
Line 1.0.10their cash. They agree to retain the man-
Line 1.0.11agement and at least 25 per cent of their
Line 1.0.12fully paid-up shares for at least 10 years and
Line 1.0.13no dividend will be payable on the vendors'
Line 1.0.14shares in the first year unless 5 per cent or
Line 1.0.15more is declared on the paid-up capital. The
Line 1.0.16company proposes to acquire certain timber
Line 1.0.17areas from the vendors, and will engage in
Line 1.0.18the erection of houses and the manufacture
Line 1.0.19of furniture. An estimate of the value of
Line 1.0.20the timber is given, but nothing is said as to
Line 1.0.21the quality and the cost of working. A
Line 1.0.22great deal is said as to the need which exists
Line 1.0.23for houses in Australia, and of what has
Line 1.0.24been done in Los Angeles but little informa-
Line 1.0.25tion is given of the scheme on which the
Line 1.0.26company proposes to do its part in supplying
Line 1.0.27that need. Messrs. C. MacLeod, company
Line 1.0.28manager of Sydney and Melbourne, and Henry
Line 1.0.29Joyce, engineer and timber expert, of Fern
Line 1.0.30Gully, Faulconbridge are the directors. Men-
Line 1.0.31tion is made of a permanent director.

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The Sydney Morning Herald (NSW : 1842 - 1954), Sat 28 Sep 1912, Page 23 - MUTUAL INVESTMENT PROVIDENT COMPANY, LIMITED.

Date modified	Old Lines	New Lines
5 years agojohnfox Rollback this correction (Will remove THIS correction, AND every correction above)	_X_-_L I-n'ESTMENT PROVIDENT The abridged prospectus appears to-day oC Limited, with a capital of £2 1500,000 in shairs of £1 Shares to the numblr of 1.7C0 000 are offered for public subscription The purchase prion is £1,0 000 in cash, and £240,000 In fully paid-up sbarei The com panj may proceed to allotment ty hen 75,000 shares are applied foi vyhlch would leave a working capital of £15,000 If the vendors take their cash They agree to retain the-man- fully paid-up shires for at least 10 years and no dividend will be pajnble on the vendors' shares In the first j ear unless 5 per cent or more is declared on the paid-up capital The company proposes to acquiro certain timber areas from the vendors, and will engage In of furniture An estimate of tho lalue of the timber Is given, but nothing is said us to the qualitj and the cost of working A great deal is said as to the need whick exists for houses in \ustralia, and of what has tion Is given of the scheme on which the company proposes to do its part In supplying that need Messrs C MacLeod, company Joyce, engineer and tlmbei expert, of Fern Gully, Faulconbridge are the directors Men- tion is made of a permanent director	MUTUAL INVESTMENT PROVIDENT The abridged prospectus appears to-day of Limited, with a capital of £2,500,000 in shares of £1 Shares to the number of 1,760,000 are offered for public subscription. The purchase price is £60, 000 in cash, and £240,000 in fully paid-up shares. The com- pany may proceed to allotment when 75,000 shares are applied for, which would leave a working capital of £15,000 if the vendors take their cash. They agree to retain the man- fully paid-up shares for at least 10 years and no dividend will be payable on the vendors' shares in the first year unless 5 per cent or more is declared on the paid-up capital. The company proposes to acquire certain timber areas from the vendors, and will engage in of furniture. An estimate of the value of the timber is given, but nothing is said as to the quality and the cost of working. A great deal is said as to the need which exists for houses in Australia, and of what has tion is given of the scheme on which the company proposes to do its part in supplying that need. Messrs. C. MacLeod, company Joyce, engineer and timber expert, of Fern Gully, Faulconbridge are the directors. Men- tion is made of a permanent director.