Page 6 Advertisements Column 2

Press, Volume XXX, Issue 4155, 20 November 1878, Page 6 (Supplement)

Public Companies. THE CANTERBURY TBAMWAY COMPANY LIMITED. NOTICE TO SHAEEHOLDEES. AT a meeting of Directors, held on tbe 12th instant, it -was resolved that a CALL (being the second call) of Ten shillings per share bs made. Such call to be payable at the office of the company on or before the 9th December next. JOSIAH BliiCH, Secretary. Christchurch, 15th November, 1878. 11-18 3110 PEOSP ECTUS OF KEMPTHOENE, PEOSSEE & CO. NEW ZEALAND DEUG COMPANY (LIMITED). Head Office—Dunbdik. To be Incorporated under the Joint Stock Companies Act, 18S0. Capital £200,000 In 100,000 Shares of £2 Each, with power to increase. Of these, 50,000 shares only are now offered to the public, upon which it is intended to call tip 20s per chare, aa follows:—Deposit payable on application, 5s per share ; on allotment, 5s per share; 5s per share three months after allotment, and 5a per share six months after allotment. Shonld the directors deem it advisable to make any further call, three calendar months' notice oJ any such call will be given. 25,000 shares, folly paid up, are to be taken by Messiß Kempthorne, Prosser & Co., the remaining 25,000 shares being reserved for future issue, as may be determined by the directors.

FbOVISIO"_.AI_ Dll--C-OK8:_ Robert Borrows, _.sq., M.D., Dunedin > J. G. Black, Esq.; Professor of Chemistry, Otago University Henry Houghton, Esq., merchant, Dunedin F. C. Batchelor, Esq., M.R.C.S., Dunedin Berjamin Begley, Esq., chemist, Dunedin T. S. Graham, Esq , merchant, Dnnedin A. J. Fergu-son, Esq , M.D., Dunedin R. A. Low, Esq., merchant, Dunedin B. Hallenstein, Esq , merchant, Dunedin T. M. Wilkisson, Esq., chemist, Dunedin William Brown, Esq., M.8., Dunedin M. Marshall, Esq., chemist, Dunedin Basil Sievwright, _sq., solicitor, Dunedin R. S. Raymond, Esq., chemist, Dunedin C. A. Arming, Esq , chemist, Dunedin Robert Wilson, Esq., merchant, Dunedin Wm. Elder, Esq., chemht, Port ■ -.aimers G. J. Jeffery, Esq., chemist, lawrence J. Harrop, Esq., chemist, Lawrence J V. Ross, Esq., chemist, Christchurch G. Bonniogton, Esq , chemist, Christchnrch Joseph Hatch, Esq., chemist, In-"ercargill J. D. Hayes, Esq., cten-ist *nver-_rgfll E. G. Lane, Esq., chemist H. J. C. Edwards. E_q., fih.miat, Oamaru Dr. M'lntyre, 1 imam R. Watkins, Esq.. cheaisfc, Timaru R. S. Cook, Esq., chemist, Timaru C. D. Barraud, Esq , chemist, Wellington J. A. Allan, Esq., chemist, Wellington Edwin Plummer, Esq., chemist, Wellington J. Monteith, E-q , chemist, Wellington H. Britt_in, Esq , chemist Wellington Wm. Fife. R c q., chemist, Wellington Frederick White, Esq., chemist, Wellington Dr. Goldsbro, Auckland Dr. Boyntnm, Auckland Graves Aickin, Esq., chemist, Auckland J. P. King, Esq., chemist, Auckland H. Hamilton, Esq. chemist, Anckland J. N. Manning, chemist, "Anckland J. S. Wellsman, Esq , chemist, Napier.

Bankers : The Union Bank of Australia. Solicitors : Messrs Sievwright and Stout. Valuators and Auditors: N. Y. A.Wales, Esq., William Brown, __o Interim Secretaet : Mr James Hannay.

This company is projected for the purpose if acquiring the well-known wholesale drug pid general business now and for many ye<rs successfully conducted by Mess-re Kempthorne, Prosser, and Co., at Dunedin, ChristchurrS, and Auckland, and ai Wellington, under the style of •' Felton, Grirawade. and Co." A preliminary agreement has been entered into between the firm and the provisional directors, resident in Dunedin, for the sale and purchase of the f reehol 1 and leasehold lands and b ildingß belonging to the fir_i, and now used for the purposes of the business, at a price or value to be ascertained by the valuators, Me?srs Wales and Brown. It has been arranged that the new company shall take over the plant, machinery, fixthre-i, and entire stock iatrad3, at the actual cost to tbo firm and aY ather the assets and liabilities of t_o firm Orders in course of execution, and goods to arrive, are to be taken over at actual cost. The company will also obtain the benefit of all the pitent and pre prietary articles on the same terms upon which these are now held, or manufactured by the firm, and also of all existing contracts and current business agreements; which the company will undertake and complete. The firm agrees to take shares to the value of .£50,000. fully paid-up (inclunve of 3750 shares allowed for the goodwill of the business). The Dunedin and branch houses are in full and complete working order, with good stocks and all necessary appliances for carrying on an extensive trade. Messrs T. W. Kempthorne and Evan Prosser have consented to continue the management under the proposed new company. The Wellington and Auckland branches are conducted by Messrs T. Accell and J. W. Henton, who have been for many years in the Bervice of the firm, and who are thoroughly competent and experienced men of business. The branches were established with a view to secure the local and general business of the firm's ordinary customers, and especially of the chemists and druggists throughout the colony— objects which have be?n satisfactorily attained The faitory at Dunedin is managed by a duly qualified manufacturing chemist of extensive [ European and colonial experience. The steam plmt, which is well worthy of inspection, is of the very best class, with the most approved drug grinding mills, and all modern appliances for the manufacture of chemical and pharmaceutical preparations. The promoters confidently place this undertaking before the public as a bona fide paying investment, and in doing so would instance the advantage of securing an old-established and lucrative business, with a large manufacturing aud importing trade in full operation, as contrasted with the risk generally attendant npon new mercantile ventures. The rapid advancement of the colony opens a wide field for manufacturing industries in connection with_ this business, such as sulphuric acid works, artificial manures, &c. It is therefore necessary that the present operations of the firm should be extended, for which a larger capital than the firm at present command, will ba required. Although the amount of £100,000 to he called up is a larger sum than the invested capital of Messrs Kempthorne, Pro ser, and Co., yet the amount of money e-cployed m the business, npon which interest was paid, was not much short of the amount now propos_-l to be called up, and therefore the promoters that— takin? into consideration the accountant's.tatement a% submitted in detail, hbo the fact that the firm hwe larsrn soma cf money in opening and organising their various branches and factory, and allowing for the increased trade which will doubtless be done nnder tho auspices of the new company—the shareholders may depend upon getti_g regular and good dividends.

All the preUminary expenses in connection with floating the company are to be paid by Messrs Kempthorne, Prosser and Co.

ACCOUNTANT'S STATEMENT. " I certify that Messrs Kempthorne, Prosser, rod Co.'« books, from 2S?h Janrary, 1869, to *l*t October, 1573, have been exhibited to mc. They have been kept by double entry, and systematically balanced on the 23th of February of sich year, the profits being regularly added to SDital. The annual stock lists hive also been irldneeS. Baliree sheets from Auckland snd tlieformfrreitfflid. Bg back to 1872, Dnl these document* are clear icd business-like, and l>y returns >f sales, bills under discount, and other detail", o as to show fully the position of the branch louses at each balance. " I hare tsk?n out and tabulated the rfsults ihown in the Dunedin books and the balance heets referred to. and compared the the profits tt the end of each financial yoar with the sales nade during the year, and also •with the capital hoira in the books at the beginning of the year, md find the foL'owing average resnlts for the bnr years ending , sSih February, IS7B :— " Ist. The net profits on the cost value of the sales for the last four years equal 15.320 per cent. " 2nd. The average net profits en theaverage capital equal 23.03 "WILLIAM BROWN, Acconntant. ' let November, 1878." Forms of applications for shares can be oblinei &t the Union Bank c-f Austr-via and ite ranches throughout the colony; from the Secreiry, at the firm's offices, Stafford street, hiedin; High strest, «jhristchurch; Lambton jTjay, Wellington; and Shortland street, Auckknd. Applications will be considered in the order in rhich thoy aro received. The Share List will close on the 80th November utwt. 11-9 2673