Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-11-18

Ga the ou.tsId.as Dsbeatares, pro
vide the per cant dividead on the Pre-
ferred Stock, and pay dividend Of 10 2
per cent. on the C.mp5n Sna:es- During
this period the lowest annual net prof. made
in any year WAS S232, 742.74. while The
profits Of the las. two year, PRIOR to the
cspissliz ation Of The business were the
largest in its history, with the exception Of
those for one year. Tbs total net profits
for the seven years exceeded THREE
MILLIONS OF DOLLARS.
PROFITS SINCE CAPITALIZATION.
The success Of the business since its
capitalization has been enormous. The
frss years trading Of the Esgtish Company,
after providing for the 6 per cert. interest
on the De5entnres, resulted in resufa to
the share holders ofs dividend Of 5 Per
cent on the Preferred Stock ard II 2 per
cent. on the Common Stock, besides plac-
ing to reserve S2lS $50 ant carrying
forward 10 next years account So, AIS.
For the second fiscAl year lending July
81. l89l) 6 re. ceat. inserss. was paid on
the Debentur sni dividends ~ 8 per cent
on the Pr, ferred Stock aud Ia per cent. on
the Commoo Stock. besides the canoe liation
of $500. 900 Of Debenturss and the carrying
forward to next year nf 800, 900 as undi-
vided prol:. II "a the D.rec.ors not thought
it wise to cancel this large number o.
Debentures, dividend Of 35t per cen;
could have been paid on the Common Stock
besides Carrying forward the 500 600 Us
undivided pr. IS
The summar zstion of the foregoing
shows tina. the profits Of the busire.s dur
ing the past two years. have been sufficient
to enable the Directors 10 pay back TO ,le
shH. eholders s749. 1925. pay the interest 90
its Dsbeatures (smouptrg tn s6S $50
retire and cancel over 100000 worth of
the same, sad carry 10 the reserve fund ovsr
Sl00, 900 showing without parallel in The
history Of industrial enterprises.
PROSPECTS.
The business Of the Company ct present
is ia 3 most prosperous con3inop, aud is
steadily improving. This 10 especially .,
in Great Britain and the Continent. Dur
ing the pas, year branch WAS opened in
Ssh zerland, which has already given sat-
isfsctory return for the money invested.
The German aud English branches show
large increase in profit and reduction in
working expenses over previous years, and
a, an evidence of the Prosperity Of all
branches it may be stated that the average
yearly profits of the Australian house
alone, since the capitalization Of the bus.
mess, has been sufficient 10 pay the
whole Of the Debenture interest, as well
as : per cent. per annum on the
Preferred Stock. The profits Of the
other branches. including the United
States, consequently. can be applied to
paying dividends Oh the Common Stock.
Arrangements are now being perfected to
introduce these preparations into France,
Belgium, AID other Continental countries,
where the field iseQually as promising; and
while the business in Europe 10 slower IN
developing than ia this country, it is at the
same time far more profitable add perma-
nent when established. The reduced cost
Of production and cheap advertising rates
make the profits greater, while the con-
servatism Of the people, although difficult
10 overcome At the outset, soon develops
into . confidence which makes their patron
age constant and durable.
.PREFERRED STOCK.
The 8 per cent. Cumulative, Preferred
Stock Of this Company, Of which 20O0
shares only are offered for subscription, is
assured rate Of interest, worthy the after
INSCRIPTIONS.
The right 10 reserved to act any suit
scription or to accept 1t in part. II any
subscription is wholly rejected, the smou II
deposited on application will be returned.
II the whole xmount applied for be not
sllotted, the amount paid on application
will be applied on the sums to become dle
on the allo,ms ant.
Receipts will be given for all payments
made, and engraved Trust Company Ger
iihcates issued by the Central .Tfu't Com
pany will be delivered at once after final
payment 10 made.
Any iastallment may be psii in advsnc.
under discount at the rate OF G per cent. Per |
an rum. ard thu Sack issued St once.
Failure t. make paymen. Of any Install |
ment may operate as o forfeiture Of all |
previous payments.
Dividends are declared and paid every six |
months by the + lgli n Board If Direc ots |
in Lo don, after tn Itougn .uli . xiion Of |
the books and business by chartered EGG |
lish accountants. la this country The semi-
annual dividends are paid by the Central |
Trust Company, as soon as they are re-
ceived from London, such dividends usually |
being paid in April and October of each |
year.
TRANSFER AGENTS:
CENTRAL TRUST CO., NEW YORK.
REGISTER OF CERTIFICATES:
rnrrSr rnn.,