Page 1 Advertisements Column 5

New Zealand Herald, Volume XV, Issue 5303, 14 November 1878, Page 1

Prospectus. j>ROS PECTUS or KEjMPTHORNE, PROSSER AND CO., NEW ZEALAND DRUG COMPANY (LIMITED). nEAD CrFICE— DUKEDrrf. To be Incorporated under ,4 Th«.Toint Stock Companfes Act, ISCO." CAPITAL £200,000, la 100,000 Shares of £2 each, with to Increase. Of thee*, 60,000 Shares only aro now offered to the public, up«n wjiirh it intended to call up 20s per Share, as followsPeno«it payable on application, 5s per Share; on allotment. 5s per Share; 53 per Share three months After allotment, and 5s per Share six month'after allotment. Should the Directors deem it advisable to mak« any further Call, three calendar months' notice of anv snch Cal' will be given. 25 000 Shares, fullv paid up, are to be taken by Me**™. Kempthornc, Prosser and Co., the remaining 25,000 Phares beinff reserved for future issue, as may be determined by the Directors. Provisional DinEcrons: EOBERT BORROWS. ~Efq , M.D.. Dunndtn J. G. BLACK, Esq., Profeesor of Chemistry, Otsgo University HENRY HOITGHTON, Ffq., Merchant, Dnncdin F. O. BATCHKLOU, Esq., M.K.C.S., BPNJtMIv BAGLF.Y, Esq.. Chemist, Dunedin T. S. GRAHAM". Erq., Merchant, Dunedin A. J. Fsq , M.D., Dunedin R. A. LOW, Ffq , Merchant. Dunedin B. HAL' EVRTFIN, E c q , Merchant, Dnnfdin T M. WILKTN-ON, Enq.. Chemist, Tunedin WILLIAM HKOWn, Esq..M.B., Dur.edin M. MARSHALL. l?Fq - Chftmist, Dunedin BASIL SIEVWUTGHT, E q , Solicitor, Dunedin R. S RaYMOVP, Fsq., Chemist. Dunrdin C. A. ANNING, E q.. Chemis*. Dunedin R«"'BE'tT WILSON, Esq., Merchant, Dunedin WM. ELDE'?, »q.. chomi t. Poxt < halmera G F. JEFKREY, E q, Ch» mist, Lawrence J. E q , Ch»mist, l.awrence J V. KDSS, Ksq , Chemist. Christchurcli G. BOVNINGTON, Chrmist, Christchurch JOSKPH HATCH, Fsq., Chemist, Inverca gill J. D lIAYKS F*q , rhemist, InvercargiU F. G. IjANR. Epq . Chnmist. "amaru II J. C. KDWA'-D -. E'-q , Chemist, Oamaru Dr. Titnaru K. Fsq . Chemist. Timaru H. P. C<>OK, E c q , Chemist. Timaru D. B*ER\Ui>, Ksq., Chrmist., Wellington J. a ALLAN. Kpq. Wellington EDWIN PLUMMER, E-q , Chemist Wellington J E»-q.. Chemist, Wellington WM. FTFE, E q.. Chemist, Wellington H. B'MTTAIN, Esq. Chemist. Wellington FRKDERICK WHiTE. Esq , C. cmist, Wellington Dr.OoLD B-iO', Auckland Dr. PAYSTUN, Auckland GRAVES AICICIN. E q , Ci emi-t, Auckland J. P. KTVO. I->q . Chemist'-, Auckland H. HAMILTON. Chemist, ~r.d J. N. MANNING, Ch uiist, Auckland J. ED<ON', Cb«mi>t. Auckland J. S. WELSMAN, Esq., Chemist, Napier. BA^kkrs: THE UNION BANK OF AUSTRALIA, Solicitors : SIEVWEIGHT & STOUT. Valcatoes akd Aur»iTor.-»: N. Y. A. WALES, Esq , WILLIAM BROWN, ESQ Imteium Secretary : MR. JAMES HANNAY. This Company is prided for thc purpose or acquiring tho well-known Wholpsalc Drug and (iener>l Hnsine : s now and for many years successfully conducted by Alesnrs. Kempthorne, Prosser and Co., at Dunedin, Christchurch, and Au kknd. and at Wellington, under tho style of " Felton, Grimwade and Co." A p eliminarv asrenment has b*en entered into betweon tlie firm and the Provisional Dirrctors, resident in Dun- diu, for the sab* and purcha-o of the freehold a -d lands und buildings bclonping to th-* firm, and now used for tha purposes of the bus u«». 4 s, at a price or value to bo ascertained by the valuitors, Me>srs. Wales and Brown. It has been nrrai-gcd that the new Company shall Uke over thc pl)int, machinery, fixtures, aud entire stock-in-tradc at the actual c r st to th>; firm, and all other the assets and l'ibilities of tho firm. Orders in course of ; execution, and pneds to arrive, are to bo tak«-n over at actua ; cost. Tho Company will also obtain tho benefit of aUtli* patent and rnorinr-TAUY auticlbs on the KfiitiH t«rms ur'fln*which thcs-> aro now held, or nunufaC'Uf'd by tcio firm, and als" of all cxi-tini; contra«rt3 and current business asrcemen'.s, which tho C mpa> y Trill undertake t»ml complete. 'I'ho. firm tt«r cs t<» tnko • harea to the value ol £50,000, fully p vul-np (inclusive of 3750 shares allowed for the g odwill of thc business). The Dunedin and Branch Houses are in full aud complete working older, with good stccks, and all n«cessary appliances for c rrying on an extensive Me 5..«. T. W. Kompthorne and Evan Prosper It ve «-onsent"<! to continue the management uadrr tie propo ed new Company. Tl.e Wellington and Auckland branches aro conducted by iVessrs. T. AucellnndJ. W. Henton, who have been for many yeari- in thc service of the fl m, and who are thoroughly comrefeent and experienced men of business, lhe branch were established with a view to secure the local and general business «f the firm's orriimry cust- mf.rs, and especially of tho Chemist'' and Druggists throughout tho Colony—objects which have beeu BHti*f-ic'orily aituiued. lhe Factory at iunedin is mannged t»y a duly qualified Manufacturing Chemist of extensive European and Colonial experience. Tho 3team Plant, which is well worthy of inspection, is of tho v»-ry be>t class, with the most approved dmggrindiuu mills, and all modern appliances for the luauufacturc of chemical and pharmaceutical preparations. Ti'O promoters confidently plxco this undertaking

before tho public as a bonajidc paying investment, ami, in cluing so, wo :ld instance tho advance ■ f s*cu;ing an old-e.stabliahod and lucrative business, witM a largo manufacturing ami importing trade in full operation, as cont astcd with the risk t'enerally attend nt uj>on new mercantile ventures. The r.ipid advancement of the colony opens a wide flold for Di-*t>ufactiirinjf industries In connection wiih this bnKU)HSS, :ucb us >'Ul.l'ilUlt 10 ACID WOUKS, AkTlficml AIANOBi-H, &c. Jt is, therefore, necessary that the pr«>ent operations of the linn should be extended, for which a larger capital than the firm at present commands wilt be required, Although the amount of £100,000 to be called up is a larger sum than tho invested capital of Messrs. Kemp* Prosscr and Co., vet tho amount of money employed iu tho business upon which interest was paid, was not much short of the amount now proposed to be called up, and, therefore, tho p omuters b-ditvc that—taking into consideration tho Accountant's statement as submi?tel in detail, also, the fact that the firm have spout largo hums of muney in opcn'ng and organising their various branches and factor}*, and allowing for tho im-reused trade which will, doubtless, bo done until* the auspices of the new Company, tho al»are-. holders may depend upon getting regular and good dividends. All tho preliminary expenses in connection with flo ting the C< nipsny are to bo paid by M»ssrs. Kempthorno, Frossvrand Co. ACCOUNTANTS STATEMENT. " I certify that Meisr?. K«mpthorne, Prosser and •' Co.'a bonk, fom 28th January, 1809, to 31st "October, IS7S, have b«en exhibit-d to mo. They " h'vvu be«n kept by double entry, aud systematically " balanced on the 2S h of February of each year, the "profits being regularly addod to capitd. Tho " jinnual stock list 3 have also been product d. " Balanee-shoHa from Auckhv d and Wtdltng- '• ton wt-re hlso exhibited; tho former extending u b<ck to 1872. and tiiese documents are clcar a'.d 44 business 1 ko, and accompanied by returns of sales, " bill* unrtor discount, and other details, so as to "shew fully tho paction of tho braucb houses at " each balance. 41 1 have taken ont and tabulated til* results shewn "in tho Dtinedin bo> lcs and tho balance-sheets " referred to, and compared the protits at tho t-nd of i " each iinaneial year with tho sales made during the " year, aud. also, with the capital shewn in the books "at the bogiuning of the year, and find the following "average results for tho four years ending 2S h " February, 1878 '• — ' Ist. Tho net profits on tho cost V 'luo of the sales for the last four ves>rs, equal .. .. 15 320 per cent. " 2nd. The average not profits on the averago capltil, equal 23'0S ~ " WILLIAM BROWN, " Accountant. " Ist November, IS7S." Forms of Application for Shares can be obtained at Union Bank of Australia and its Branches throughout tho Colony : from tfco Secretary, at tho firm's offices, Stafford-street, Dunedin; High-street, Christchurch ; Lambton Quay, "Wellington; and Sbortland-streot, Auckland. Applications will be considered in the order in which they are receiv- d. The Share List will closo on tho 30th November instant. Cattle. The" "undersigned hav t e foe SALE GRAIXE SHORTHORN BULLS, Fit for scrvico, descended from dam? got by tho Imported Bulls Young Knlglit', Jsarl ot Derby (25.602), 55th Baron Wethcrby (27 9SI), and 9th Colonel Troguntor ; tlio young JBulls all got by Duko of Cnmbridgo, winner of flrat prize In Ills class at the ate Metropolitan Show in Sydney. Prices, 20guinoaa and 25 guineas. Also, HEREFORD BULLS, Descended in an unbroken line for nearly twenty years, from Imported Cows; got by tho Imported Bulls Captain. Commodore, Duke ot Edinburgh, Lord Tanmuic, Earl of Kent, Robin Hooil, &c. Trices 20 guineas and 25 guineas eseli. MACLEAN & CO.