Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-11-13

on the ountsading Debentases, pro
vide the 8 per cant dividend on tie IRE
ferred stock, and pay dividend OF ~ =
per cent on the C. IN non Shares. During
vsis period the lowest snoud net prom made
in any year vas s272 742 "a. while the
pr .A.s Of the lss.tso yesrs prior 10 the
capital zion of ,he business we're the
largest Ia history, with the exception Of
those for one year rhs total net profile
for the seven years ex ,eeded THREE
MILLIONS OF DOLLARS.
PROFITS SINCE CAPITALIZATION.
The success of the business eince IL
capitalization has been enormous The
frs, years trading Of the Esslish COMPANY,
after providing for the per cent. interest
GA The Debsntures, resulted in return to
the sasre-holdsrs Of dividend Of Per
cent on the Preferred Stock AID II 2 per
cen. On the Common Stock, besides plsc-
ing TO reserve sells $50 and carrying
f.rwsrd to n.x Yeas acc ,uut S62 ,4l9.
FIR the second h,cAl year lending JulY
81. 1870 per eeat. int,ress was paid on
the Debentures AMI diVidends OF 8 par cent
90 the Preferred Stock and Ia per cent. on
the C ,mmoo Stock, besides the cAnct liatlor
, Of S3e6. goo OF Debentufts and the carry iog
for.ard TO next year Of 500 900 % und,'
| vids ed profit II I'd the Directors not thought
il wise TO cancel this large number Of
| Dsbea,ures, Q dividend Of 353 per Cent
could have been paid on the Common Stock
sides Carrying forward the 500 600 n
undivided p.ofis
The sunmAr ,tion Of the fofegolrl
shows that toe profits Of the busile,s. dur
| ing the past too years. have been sufficien
to enable the d rectors to pay back To 'h'
sns 'sholcers $749, 1926, pay the interest OF
It's Debenlurey amounting to sos .9S7)
retire aud cancel over $780, 900 worth VI
the same and carry 10 he reserve fund ovel
500, QUO showing without parallel in iht
history VI industrial enterprises.
| PROSPECTS.
The business Of the Company at pfesen
10 in . most prosperous conjitoo, Add /.
steadily improving. This is especially 81
| in Great Britain and the ContinoGt. Dui
ing the past year branch was opened il
Switzerland, which has already given = sat
isfsctory return for the money invested
| The Gernsn AID English branches show =
large increase 10 profit and reduction
working expenses over previous years, anC
a. an evideoce OF the prosperity Of 81
b.spct Is it may b. stated that the average
yearly profits of the Australian hOus'
alone, since the capitalization Of the bus
mess, has been sufficient TO pay thu
whole of the Debenture interest, rs wei
as : per cent. per annum on tht
, Preferred Stock. The profits Of tn'
o .nsr branches. including the Unitec
States. consequently. can be applied tt
paying dividends OF the Common Stock
Arrangements srs row being perfected Il
Introduce thsse prep>rstions into France
| Belgium, ard other Continental countries
where the field is "a asily Is promisiug and
while the business IN Europe 10 slower il
developing ih&n il this country, il is ct the
same time far more profitable ard perma
nent when established. The reduced cos
Of production ard cheap advertising rate
| make the prot1ts greater, while the cot
servaiism Of the people, although dificui
to overcome 1t the outset, soon develop
| into confidence which makes their patron
age constant and durable.
PREFERRED STOCK.
The per cent. Cumulative. Pieferret
Stock Of this Company, Of which 200t
shares only sre off cred for subscription. il
. tafe, high class secarity, affor ling 81
assured rate Of interest, worthy the sttel
ton Of the most conservative investor.
ssCRIPTIONs.
The right is reserved TO reject any sui
scription or to accept it in part. II any
subscription is wholly rejected, the amour
deposited on application will be returned
II the whole amount applied for be no
slotted, the amount paid on application
will be applied on the sum, to become due
on the allotment.
Receipts will be given for ill payment.
made, and engraved Trust Company Ger
ti6cates issued by the Central Trust Com
psny will be delivered at once after fna
payment il made.
Any instsllment may be paid In advAnc
under discount ut the rate Of per ceQ, Pei
annum, aud the Stock issued at once.
Failure to make payment Of any install
ment may operate - . forfeiture Of oil
previous pay msnts.
Dividends are declared and paid every si1
months by the English Board of Direc ors
in Lo. don. after thorough examination OF
the books and business by chartered Eag
lish accountants. In this country thessemi-
annual dividends are psid by the Central
Trust Company As soon - they are re-
ceived from London, such dividends usually
being paid in April and October OF each
year.
TRANSEER'A