Page 6 Advertisements Column 2

New Zealand Times, Volume XLVI, Issue 10634, 6 July 1920, Page 6

ADVANTAGES OF GLAXO AND GROWTH 01-’ BUSINESS. Uljaxo is without, doubt thci leader of its class, and can reasonably be claimed to bo tho greatest and largest selling Baby Food in Great Britain to-day. • The British Government made contracts during the war for ovei 4000 tons in all. This was mostly used for wounded soldiers and babies 01 Great Britain. ■ During tho war the Food Controller of Great Britain organised a system of distributing Glaxo under its own trademark to Infant Welfare Centres and Municipalities that feed infants. The total number of Infant Welfare Centres and Municipalities feeding infants on the Government official list in Great'Britain is 1800, and Glaxo is to-day supplied/to 1535; and as an example one of them which in 1908 purchased 718 lbs. (7 cwt.) of Glaxo purchased iu 1918 nearly 107,000 lbs. (48 tons). Glaxo is stocked by 12,000 Chemists and Stores in Great Britain and Ireland, and sold in 23 countries outside of England. _ Nenrl-r nil ratter countries were closed for trade during the war. It is only during tho last eighteen months,therefore that the bulk of this! trade has been and, if the initial business be taken as an indication, a great 1 expansion in the near future can bo anticipated with, confidence. The increase of trade exclusive of the above mentioned Government contracts is shewn by the following figures:— Tho total sales of Glaxo for 1914 (pre-war) were £109,303. The total sales of Glaxo for 1919 (post-war) were over £BOO,OOO. The estimated total sales of Glaxo from all sources of supply for 1920 is £1,300,000. These figures are exclusive of Government contracts mentioned above, and are also exclusive of ordinary milk powder, both full cream and separated. The estimated output for the four factories which this Company will operate for the season nearly completed is about 4500 tons of Glaxo and F.UI Cream Dried Milk Powder. Provision has been made to enlarge the capacity of the factories and increase the output to about 6000 tons. ■ London has cabled asking for a minimum of 5,400 tons to bo made next season. Steps are being taken to meet these wishes. It must be clearly understood that Joseph Nathan and Company Limited operate and own factories in countries outside New Zealand and the particulars of turnover given above as representing the sales aro those for Glaxo manufactured and delivered from all sources of supply. The factories hare been worked under the direct supervision and control of Joseph Nathan and Company Limited and their trained experts and chemists, and this will continue. The factories in New Zealand will be under the management of Mr. Fred. J. Nathan (who has been associated with tho manufacturing department since its initiation) and Mr. H. E. Pacey, until recently managing director of the New Zealand Dairy Association Limited, of Auckland, and they will he assisted by Mr. Murray and many highly trained experts, capable assistants, and expert chemists. It has already been said that it is proposed to increase ths capacity of the factories to an output of about 6000 tons, but even if the present output of 4500 tons were not increased, the Company would still derive on the sale of its output under its agreement with Joseph Nathan and Company, Limited, a profit (on the basis of £7 per ton as aforesaid) of Add Interest from Debentures, estimated at say, £60,000 of N.Z. Co-op. Dairy Co., Ltd., say 1 Amount required for interest on the £IOO,OOO Debentures now offered to public i Surplus Available for Income Tax, Reserves, and Dividends of Shares The preliminary expenses of and incidental to the formation and establishment of the Company until the time when the Company became entitled to commence business, and also brokerage, will be borne by the Company. ’ • . Tho Directors will not proceed to allotment of any debenture stock hereby offered for subscription unless debenture stock of the nominal value of £20,000 has been subscribed. A printed copy of the memorandum and articles of association of the Company and of the said trust deed and a form of the certificate of the debenture stock can bo inspected at tho offices of the Company or tho offices of Joseph Nathan and Company Limited in Wellington or at the offices of any of the Company’s brokers during ordinary business hours while the subscription list is open. Copies of the above mentioned material contracts can ho inspected) at the offices of the Solicitors of the Company. Copies of the prospectus and form of application may be had at the offices of the Company in Palmei'ston North, or at the offices of Joseph Nathan and Company, Limited, In Wellington, or from the Bankers or Brokers of the Company. If no allotment ia made the entire deposit will be repaid, hut in cases in which the amount applied for exceeds the allotment the surplus! paid on deposit will he appropriated in payment of the amount due on allotment. Default in payment of any instalment when duo will render the sums previously paid liable to forfeiture. Applications are to be made on the forms issued with the prospectus, accompanied by a deposit of £1 uppn each £lO of debenture stock. Instead of payment of instalments on the dates before mentioned, payment may be made in full on allotment, in which case interest on the full amount will be calculated and paid as from date of payment. The contents of the memorandum of association of, the Company and tho names, descriptions, and addresses of the sigmftories with the number of sharee subscribed for by them respectively will be found printed in the full prospectus. A copy of tho full prospectus # has been filed with the Registrar of Companies. Dated the sth day of July, 1920. £31,500 3,000 £34,500 6,500 £28,000 FORM OF APPLICATION f: ' TO BE SENT TO THE COMPANY’S BROKERS OR BANKERS. The Glaxo Manufacturing Co. (N.Z.) Ltd. ISSUE OP £IOO,OOO 6i PER, CENT. 25 YEAR DEBENTURE (BONDS). To the Directors, Glaxo Manufacturing Company (N.Z.) Limited, Gentlemem, Having paid to * the sum of £ being a deposit of ten per cent, on application fox £ of the above issue, I request you to allot me £ debenture stock of the above issue upon the terms of the Company’s Prospectus dated the 6th day of July, 1920, and I hereby agree to accept the same) or any smaller amount that may bo allotted, to me and to pay tho further instalments thereon in accordance with tho terms of the said Prospectus. (Namo in full) • (Address in ,/uID (Profession or Occupation) ; (Birthplace) (Full name and birthplace of father) (Full namo and maiden surname and birthplace of mother) (Usual signature) Date ,1920.