OLD LONDON FIRM

Evening Post, Volume CXIX, Issue 32, 7 February 1935, Page 13

OLD LONDON FIRM

A ILOCAIi: FACTORY

/Another industry ■• has been- established jh Wellington, Sehweppes.' Ltd-; of London, having extended their..manufacturing activities. The new , factory,: is .eitu,'ated.',at Petone, and local-labour is em-.; ployed. The industry' will, assist, tjv ■'alleviate the iinemplbynifcnt problem,4 for as' it; develops so.Nvill the emplbyiqent of hands increase. .'..",.. ' '■' -'■■'■;;■■ ■-■■; r.';jvv

The original business '6£ Schweppet; Ltd. v was 'founded by "Jacob'Schweppir 140 years ago:-Jacob Sweppe ,)vas<,a. Swiss, wl;dV havmgr?;beeil--ia^partnership with , two :other; Swiss citizens (the'•'original founders 'of'so'da^.water);'at rGeneva as artificial •mineral- water .manufacturers, from the year>l79o,i'cwhe.to London'in 179 ito set up a similar-business for ;him;self by processes which, : ■w;th modification! and improvemep.ts,;.'i i arsy:" l s^ll'J;;foll<>TFcd.; Sehweppes'. products Stfracted '.grea'tl-at-tention ■ from the medical' 'profession •> in England, and the increase' of his"business, led him to . take three "Englishmen into partnership -by 'deed dated -May;-14/ : 1798, under the. trade name of J. Schweppes and Co. Jacob Schwe'p'pe retired from active management \iiiV 1799, but, the partnership jva6' carried or for f many; y6ar« by Englishmen under they old nameyv For fifty years .the/concern; continued to operate as a private company,' and in 1897 a: public company, was formed. The present capital •of the ' company is £1,225,000, made up of 300,000 5 per. cent, preference shares;. 400,000 ordinary' shades, and 525,000 deferred,shares of £!• each. The chairman of the'company is Sir : Ivor Phillips, who has occupied the ;positioii since 1919.-'. . ' ; '; VV ; • ''•:<■.'•' ."\"'--.