Page 1 Advertisements Column 7

New Zealand Herald, Volume XV, Issue 5309, 21 November 1878, Page 1

Prospectus. J> ROS PECTUS OF KEMPTHORNE, PEOSSER AND CO., NEW ZEALAND DRUG COMPANY (LIMITED). llkad Crrici:—Dcnedi*. To be Incorporated under 44 Tho Joint Stock Compares Act. 18C0." CAFIT \L £200,000, la 100,000 Shares of £2 each, with power to Increase. Of these, 50,009 Shares only are now offered to the pnblic, upon whfch it is intended to call up 20* per Share, as follow* Deposit payable on application, 5s per Share; on allotment, 5s -per Share; 53 per Share three months after allotment, and 5s per Share six months after allotment. Should the Directors deem it advisah'e to make ary further Call, three calendar months* notice of any such CaK will be given. 25,000 shares, fully paid up, are to be taken by Kempthorne, Proper aud Co., the remaining 25,000 shares being reserved for future issue, as may be determined by the Directors. Provisional Dihectors: ROBERT BORROWS, E*q , M.D., Dunedin J. G. BLACK, IL.q. # Profeesor of Chemistry, Otago Univor&ity HENRV HOUGHTON, Ksq., Merchant, Danedln F. C. B\TCHEt,OR. E«q„ M K.C.S., Dunedin BFNJaMIv BAGLKY, Esq.. Chcmbt, Dunedin T. S. GRAHAM. E>q., Merchant, Dunedin A. J. FERGUjSON. Esq., M.D., Dunedin R. A. LOW, Frq , Merchant. Ouneiiin B. HALLEN*T&IN, Esq f Merchant, Dun*din T M. WILKINSON, Esq.. Chemist, » uncdin WILLTAM BROWN, E-q,. M.8., Dunedin M. MARS' 4 ALL, Efq , Chemist, Dunedin BASIL STRVWU'.GHT, E q, Solicitor, Dunedin 11. S Raymond, Esq., Chemist Dunedin C. A. ANNING, E q.» Chemis . Dunedin RmbekT WILSON. Esq., Merchant, Dunedin WM. ELDER, Esq., < hemi t. Part < ha'raers G.'F, JEFFREY, E q, Chemi>t, Lawrence J. HaRK'P, E q, Clumist, Lawreoce J V. ROSS, Ffq , Chemist. CbrUtcburch G. Evq., Chpmisf, Christchurch JOSEPH HATCH, K£q«, Chemist, Inhere* gill J. D. HAYK**, Keq , < hemLt, Invercar^ill R. G. LaNE, Esq , Chemist, « araaru H J. C. RDWAhDS Esq., Chfmist, Oamaru Dr. M'InTVHE, Timaru H. WaTKINS. Esq Chemist, Timaru R. w. C«»OK, Esq , Chemist. Timaru 0. D. B*RR*Ui>, Kfq., ChpmUt, Wel'ingtou J. a. ALLAN. Ksq,. Ch-mi-t, VN ellingtun KDWIN PLUMMER, K q . Chemist Wellington J. Esq., Chemist, Wellington WM. FIFE, E q.. Chemist, Wellington H. BMTTAIN, Esq.. Chemist. Wellington FREDERICK WHITE, Esq , C.cmUt, Wellington Dr. Gi>LD BrtO', Auckland Dr. BAYHTUN, Auckland GRAVES AICKIN, E q , Cremi«t, Auckland J. P. KING. Esq . Chemist, Auckland H. HAMILTON Et-q.. Chemist, ~nd J. N. MANNING, Esq., Chemist, Auckland J. EPSON, Esq., Chemiwt, J. S. WELSMAN, Esq , Chemist, Napier. Bankc^S: THE UNION" BANK OF AC&TRALTA. SOLICITOBB J MESSRS. SIH.VWBIGHT & STOUT. Valuatohs akd Auditors : N. Y. A. "WALES, Esq , WILLIAM BROWN, Esq. Interim Secretary: MR. JAMES HANNAY. This Company is projected for the purpose of arquiring tho well-known Wholesale Drug and General now and for m*ny yearssuccess'ully conducted by/Messrs. Keir.piliorne, Prosscr and Co., at Dunedin, Christchurch, and Au kUnrt, and at Wellington, under the style of '* Felton, Grimwade and Co." A p eliminary has bien entered into between the firm and the Provisional Directors, resident in Dunedin, for the sain and purchase of the freehold aud leasehold lands «nd buildit gs belong : ng to the firm, and now used for the purposes of the bus Hess, at a price or value to be a-certained by the valuators, Messrs. Wulps and Brown. It has been arranged that the new Coinpiny shall t«ke over the plant, machinery, fixtures, and entire stock in-trade at the actual ccst to the firm, and a'-l other th« assets and liabilities of the firm. Orders in course of execution, and fjosds to arrive, are to be tak-n over at actual cost. The Company wi-1 also obta'n the benefit of all tli* patent and phoputetauy articles ou the name terms upon which are now held, or manufactured by tho firm, and also of all exi*t«n€r contracts and current business agreements, which the i C- mpauy will undertake and compute. ! The firm nur-es to take ?harc» to the valuo of I £50,000, fully paid-up (inclusive of 3750 shares allowed for the g odwill of the business). The Dunedin and Branch Houses aro in full and : complete working order, with cood strcks, ami all necessary appliauccs for c rrying on an trade. Me sis. T. \V. K«!mpthome and Evan Prosper h.ve tonscnted to continue the manicement uader the propo-nd new Ciiuipauy. T: e Wellington an<l Auckland bronchos are c nducied by'Messrs.-T. Ancell and J. W. Ilenton, nho have been for many year? in the service of the ft-m. and w'iO areth .roughly comretent and expetii'Dced men of business, ihe branch were established with a view to secure the local aud general business -f the firm's ordiniry eust' mers, and especially of the Chcmist« an'l Druggists throughout tlie Colony—objects which have sati-f'»ctoriiy nttaiued. 'ho Factory at unertin i? managed »-y a duly qualified Manufacturing Chemist of extensive European and Colonial expe.fience. The .Steam Haut, which is well worthy of inspection, is of the very be-t class, with the most up roved grinding mills, and aH modern appliances for the manufacture of chemical and pharmaceutical preparations. Tf C promoters confidently plino this undo taking before the public us a bona fide payin< investuieot. and, in d<>ing so, wo «)d i-istance the artvat»t«ge of securing nn old-eslabl'tthed and lucrative business, with a large manufacturing and importing trade in full operation, ascont asted w»th the risk generally -•♦ttend-.Tit upon new mercantile ventures. The r-ipid advancement of ilie colony opens a wide field for manufacturing indus ries in connection wi h tine business, -uch us j-ulphuuic acid Wohks, Artificial Manures, &c. Jt is, iherefore, u-cessary that tl.c present oper.itionß of the firm should bo extended, for which a 1-rger c pi'.al ihan the firm at present commands will be required. Although the amount of £100.000 to bo tailed up ts a larger sum than the invested capital of Messrs. Kemptheme, Prosser and Co., >et the amount of mouey employed in the business up m which interest was paid, v?a3 not much 'short of «he amount lloW propcsO'l to be called up, therefore, the promoters b-'lievo that —taking into con sideration the Accouutant's staUment assubraitoi in detail, Ihe fact that the firm have large sums of money in opening and orpanising their various branches and factory, and allowing for tho io«rcased trade which will, doub:le.«s, bo don« under tie auspices of the new Conn any, tho shareholders may depend upon getting regular and good dividends. All tbo prelirainnrr expen es in connection with floating the C'-mpiuy are to bo paid by Kempthornf?, Proaaer and Co. ACCOUNTANTS STATEMENT. "I certify that Messrs. K«mpthome, Pro3ser an-1 " Co.'s bO(/k-. fom 28th Jai.uary, 1869. to 31st " October, 1878, have been exhibit dto me. They •' have Iteen kept by double entry and systematically " balanced on the 28 li of February of each year, tho "profits being regularly »d»iei to capital. Tho ''annual stock lists have also been produced. 44 Balance-sheets fro>a AucVla d and Welling- " ton wcro »lso exhibited; the former extcbding 41 b »ck to 1872, and tae>o documents are clear ai.d " business 1 ke, and accompamed by returns of sales, " bills under discount, and details, so as to "shew fully the position of tho branch houses at 4 ' each baiance. " I hare taken out and tabulated llm remits shewn '• in the Dunedin bo ks, and the balance-sheets 44 referred to, and compared the profits at tho end of 4 * each financial year with the sales made during t"t 41 year, and, also, with the capital shewn in the books "at the beginning of tlie year, and find the f llowing 41 average results for tho four years ending 28 b " February, 1878 : — ' Ist. The net profits on tho cost v ilue of the sales for the last four vesrs, equal .. .. 15 320 per cent. " 2nd. Tho avera o net profits on the average capita), equal 23'0S ~ 44 WILLIAM BROWN, u Accountant. 41 1 st November, 1878."

Forms of Application for Shares and all information can b- obtain'dfiom Mr. A. Sadnhkbs, Uroknr, No. 2. lusurance gs ; or. at t' e Uuion Hank of a Ustr*lia and its Braucbes throughout tiio Colon?; from tfco Secretary, at the Arm's offices, Staffordstreet, Duncdiu ; liiglj-street, Cbristcuurcti ; Lambton Quay, AVeiliugtou; and Shortland-atreet, Auckland. Applicitions will bo considered iQ tho order in which limy aro receiv. d. The Share List will close on the 30tli November instant. Seeds, Produce, &c. rp HE HAYMA li Iv ET, ®- 103, QUEEN-STREET. QLOVER AND Q.RASS {SPEEDS FOE SALE, OF TUE FINEST QUALITY, as tollows:— White Clover Ked Clover Cowgrass Alsyke Lucerne Rape Timothy Trtfoil Cocksfoot Otago Ryegrass Poverty Bay Ryegrass -Pukekol.o Ryegrass Italian Ryegrass Kentucky Blue Grass Red Tup Ealstail Crested ro/stail Me dow Foxtail Meadow, Sheep, and other Fescues, £c. Also, BONEDUST, J-inch, J-incb, and Sydney and American BONKFL*-ÜB, GUANO, &cPRESSED MBVDOW and OATEN HAY. FENCING WIRE. iIcDOUGALLM SHEEP DIP. ALFRED AUCKLAND.