CHEMISTS ORGANISE

Hawke's Bay Herald-Tribune, Issue 118, 4 June 1937, Page 9

CHEMISTS ORGANISE

Telecraph— Presa AisociatioB )

New Compnay to Control Distribution NO - BULK BUYING

(By

AUCKLAND, Laat Night. For the purpose of improving distribution of goods among retail chemists throughout New Zealand and to promote, further and protect the interests of the Chemists' Service Guild of New Zealand, a company called Gilseal, Limited, has been registered in Auckland. Its creation is the result of long negotiations and discussions in the industry.' * Although the objects of the company in the memorandum of assoeiation are very comprehensive, including that of bulk buying, the present intention is to confine the operations to the purdiase through the most advantageous sources and packing by wholesale interests concerned of chiefly standard lines, pos,sibly with the company 's trademark. The fact that the capital of the company is a nominal one of £100 suggests there is no present intention to carry out in full the objects of the company as outlined in the memorandum of assoiciation. One of the objects of the company is jto enable members of the Chemists *■ 'Service Guild to obtain the benefits and services of a co-operative manufaeturing, packing and buying and distributmg organisation for their professional and business purposes. Further there is provision to enter into arrangements with any national or local authority or any assoeiation or society for the promotion and conduct of health or medical services, to make rebates and allow special discounts on purchases to any. purchasers of goods or services and j iparticularly to purchasers who are mem- : ibers.of the •Chemists' Service Guild j and. to give financial or other assistance j 'to the Chemists' Service Guild and to' | members thereof. j The directors are Mr. H. Trevelyan 'King, who is president of the guild; "Mr. S. Smith, viee-president of the ^ guild, and Mr. R. Cotterall, treasurer of ,the guild. The secretary of the comjpany is Mr. M. D. Gray, A public acicountant, who is secretary of the guild. ) It was explained by Mr. King that : there was no intention to engage inl jbulk buying as it was generally understood but rather to arrange for bulk' distribution and packing of various' i standard lines, nor was there any inten- ' tion of concentrating in purchases oni one manufacturing company. Briefly I 1 the idea was to get the prices for the| Supply and packing of various lines and! to accept those offering the best advantages both in price and quality. A concern entrusted with the supply of a particular line would be required to pack it, possibly under the trademark of the Gilseal Company. Such packed lines would carry to the public a guarantee of quality. Buying would be very much on the system j pursued by the various chain stores. The directors of the company were ! ■ selected as the executive officers of the .guild, and they would hold shares on behalf of the guild. If it were desired to extend the activities of the company at any time the capital could be in■creased.