Page 18 Advertisements Column 1

New Zealand Tablet, Volume XI, Issue 46, 14 March 1884, Page 18

FIFTH ANNUAL REPORT AND BALANCE-SHEET OF KEMPTHORNE, PROSSER, AND CO.'S NEW ZEALAND DRUG CO. (LIMITED), For Tear Ending 31st January, 1884. REPORT AND FINANCIAL STATEMENT to be presented to the Shareholders at the Annual General Meeting, to be held at at the Company's Office, Stafford street, Dunedin, on THURSDAY, 20th MARCH, 1884, at 3 p.m. The Directors submit for the approval of the Shareholders the Balance-Sheet add Profit and Loss Account to the 31st January, 1884, being the Fifth Annual Report of the Company. The Nett Profits for the year, including the balance, £7220 9s lid, brought forward from previous year, amounts to ... ... ... ' £16,474 8 9 Out of this the Directors declare! an interim dividend in July last, which absorbed ... ... ...£4064 7 8 They now propose paying a further dividend for the year ending 31st January, 1884— equal to 10 per cent, per annum on paid-up capital ... 4163 1 4 And to carry forward ... 8246 19 9 £16,474 8 9 The dividend now recommended, if passed by the meeting, will be payable at the Union Bank of Australia (Limited) throughout the colony to colonial shareholders on and after 27th day of March, 1884, and to London shareholders at 82 Bishopgate street, London, on receipt of advice. The following Directors, Messrs. William Elder and Dr. William Brown, retire from office in terms of the Articles of Association, but are eligible for re-election, and offer themselves accordingly. The Chemical Works in connection with the Sulphuric Acid Manufactory referred to in the last report are now in full working order, and the manures produced have given so much satisfaction that it was difficult to supply the demand during the season. The Directors did not consider it advisable to place any more shares in the colonial market during the year, as intimated at the last General Meeting, but have sold in the London market 3300 shares at 25 per cent, premium. BASIL SIEVWRIGHT, Dunedin, March 7, 1884- Chairman. Balance-sheet of MESSRS. KEMPTHORNE, PROSSER AND GO'S NEW ZEALAND DRUG COMPANY (LIMITED). For the Year ending January 31, 1884. LIABILITIES : £ s. d. Capital 100,000 shares, 40a ... ... ... 200,000 0 0 Less unallotted 35,901, 40s £71,802 0 0 , uncalled 44,624 20s 44,624 0 0 „ arrears of calls ... 29 18 0 116,455 18 0 83,544 2 0 Dividend warrants unpresented... ... ... 26 3 6 Warehouse land mortgages ... ... ... 3,500 0 0 Debentures ... ... ... ... ... 17,400 0 0 Coupons unpresented ... ... ... ... 196 0 0 Bills payable ... ... ... ... ... 12,752 9 7 Open liabilities ... .. ... ... 15,601 4 3 Staff fund account ... ... ... ... 1,011 4 4 Union Bank ... ... ... ... ... 107 7 5 Profit and loss account ... ... ... 12,410 11 £146,548 12 2 Contingent liabilities ... ... ... ... £22,735 1 2 Bills under discount ... ASSETS : Stock 96,195 4 3 Warehouse premises ... ... ... ... 8,752 2 5 „ fixtures ... ... ... ... 1,970 7 6 Dunedin factory buildings ... ... ... 4,995 9 6 „ factory plant and fixtures ... ... 2,887 9 1 Kaikorai factory buildings, plant, and land ... 8,762 9 3 Discount against debentures ... ... ... 387 3 8 Bills receivable ... ... ... ... 381 11 10 Book debts ... ... ... ... ... 21,873 110 Cash in hand... ... ... ... ... 343 12 10 £146,548 12 2 PROFIT AND LOSS ACCOUNT. To salaries, discount, interest charges, travelling, advertising, rents, and fire insurance ... ... 22,123 14 1 „ Property tax and license ... ... ... 417 16 7 „ Depreciation on plant and fixtures ... ... 678 6 11 „ Bad debts ... ... 1,509 14 2 „ Dividend paid athalf-year, July 31, 1883, at 10 "per cent, per annum £4,064 7 8 „ Balance to be dealt with 12,410 1 1 16,474 8 9 £41,104 0 6