Page 4 Advertisements Column 1

Waikato Times, Volume XII, Issue 1003, 26 November 1878, Page 4

New Advertisements. 3~lTo T~P E 0 T U S KEMPTHORNE PROBSER &Co, New Zealand Drug Company (Limited). Head Offuk—Dunedin. To be Incorporated under Joint Stock Companies Act, 1860. CAPITAL £200,001), In 100,000 Shares of £2 each, with power to Increase. Of these, 50,000 Shares only are now offered to the public, upon which it ismtended to call up 203 per Share, as i .1l«»wa :—Deposit payable on application. 5 < per Share; Sa per store three months a'te,- allotmeut; ;>nd 5s per Share six uoutha alter allotment _ Should the Directors deem it advisable to make any further Call, three 0.-.lender month*' notice of any such Call will be given. 25,000 Shares, fully paid up, are to bo taken by Messrs. Kcnvithome Prosßor and Co., the remaining 25,000 Shares being reserved for future issue, as may be determined by the Directors. Proa-isional Directors : Eoberfc Borrows, Esq , M.D., Dunedin J.G. Black, Esq., Professor of Chemistry, Otago Univefsity Henry Houghton, Esq., Merchant, Uunedin F C JBatchelor, Esq, M.8.C.5., Dunedin Benjiman Bigley, Esq., Chemist, UunT. S. Graham, Esq., Merohant, Dunedin A. J. Fergusson, Esq., M.D., Dunedin K. A. Low, Esq., Merchant, Dunedin i B. Hallenstein, EEq., Merchant, Dunedin | T. M. Wilkinsoc, Esq., Chemißt, Dunedin William Brown, Esq., M.B.,Dunedin Mi. Marshall, Esq , Chemist, Dunedin Basil Sievwright, Esq., Solicitor, Dunedin K. S. Raymond, Esq , Chemist. Dunedin C. A. AnniDg, Esq., Chemise, Dunedin. Robert Wilson, Ksq.. Merchant, Dunedin Wm. Elder, E<q, Chemist, Port Ohalmers G. F. Jeffrey, Esq., Chemist, Lawrence J Hairop, Efq , Chemist, Lawrenie J. V. KO3S, E*q., Chemist, Chrißtchurch G. Bonuingtou, Etq., Chemist, Christchurch Joseph Hatch. Esq., Chemist, lnvercargill J. D. Haycß, E*q Chemist, lnvercargill E. G. Lane, Efq , Chemist, Oamaru H. J. C. Edwanls.Esq.,Chemist, Oamaru Dr. MMntyre, T.maru K. Watkins, Esq., Chemist, Timaru B. S. Cook, Esq., Chemißt, Timaru C. D. Bairaud, Esq., Chemist, Wellington J. A. Allen, Eeq, Ohem'st, Willington Edwin Plummer, Esq , Chemist, Wellington J. Monteith, Esq., Chemist, Wellington Wm. Eife, Esq , Chemist, Wellington H. Brittaio, Esq., Chemist, Wellington Frederick Wnite, Etq, Chemist Wellington Dr. Goidsbro', Auckland Dr. Bayntun, Auckland Graves rtickin, Esq , Chemist, Auckland J. P. Kin», Esq., Chemist, Auckland H. Hamilton, E?q., Chemist, Auckland J. N. Manning, Esq., Chemist, Auckland J. Edsoa, Esq., Chemist, Auckland J. S. Welsman, Esq., Chemist, Napier PiAMKEBS : THE UNION BANK OF ADS IR ALP. Solicitors : MESSRS. SEIVWEIGHT & STOUT. Valuators and Auditors : N. Y. A. WALES, Esq, WILLIAM BRUWN, Esq. TmtEHIW SECRETARY : MR. JAMES HANNAY.

This Company is projected tor the purpose of acquiring the well-known Wholesale Drug aucl Geucral Business now and for many yeara successfully conducted by Meesra. Kempthorne and Co. at Dunedin, Chrißtchurch, and Auckland, and at Wellington, under the style of " Felton, Grrimw>de and Co." A preliminary agreement has been entered into between the firm and the i'rovincial Directors, residing in Dunedin, for the sale and purchase of ihe freehold and Jeaseh. Id lands and buildings belonging to tho firm, and now uaed for the purpose of the business, at a price or value to be acerfriined by tho valuators, Messrs. Wales »ud Brown. It has been arranged that tho new Company shall take over the plant, machinery, fixtnreß, and cnt're stock -iu-trade at the actual cost to the firm, and all other the assets and liabilities of the firm. Orders in course of execution, and goods to arrive, are to be taken over at actual cost. The Company will also obtain the benefit of all the PATJCNT AND PROPRIETARY ARTICLE'S on the aaoio terms upun which these are now held, or manufactured by the lirm, aud alto of all existing contracts an '\ cuneut buaiuesß which the Company will undertake and complete. Tho lirm agrees to ta'.e shares to the value of £50,01)0 fully paid-up (nnlusive of 3750 shared allowed for the goodwill of tho busin'S*). Tho Puuedio and Branch Houses are in full and cornpleto working order, with good & tool: s, and all nects«ary appliances for carrying oil an extensive trade. Messrs T. W. Kempthorne and Evan Prosser have consented to continue the management under the prop aed new Company. The Wellington and Auckland branches are cond"eted by Messrs T. Ancell and J. W. Hentor, who have been for many years in the service of the firm, and who are thoroughly competent and experienced men of busiues'. The branches were establMied with a view to Beeiire the local and general business of the firm's ordinary customers, and especially of the Chemists and Brugqista throughout the colony—objects which have been satisfactorily a'tuned. The Factory at Bauedin is managed by a duly qualified Manufacturing (Jhemis; of ex r .enHi7e Earopeau and Colonial experience. The Steam Plant which is well worthy of iuspoetiou, is of the very best class, with the mo it approved dm.-grinding mills, and all modern appliances for the manufacture of chemical aud pharmaceutical preparations. The promoters confidently place this undertaking- before the public as a hona jiilc paying investment, and, in doing so, would in.sfciuico the advantage of securing an old-established and lucrative, business, with a large manufacturing and importing Irado in full operation, as contrasted with tho risk generally attendant upon now mercantile ventures. The rapid advancement of the colony opens a wide field for manufacturing industries in cf nnection with this business, such as Sulphuric Aci.o Works, Artificial Manurh?, tea. it is, therefore, ncscssarv that tho present operations of tho linn should ha extruded, for whioh a larger capital clia i tho firm at pa-B-'Ht? coir> matids will bo required. Although tho amount of £I(K).OiJO to b° called up is a larger sum than tho invented capital of Messrs K-jinpthorno, Prosser and i 0., yet the amount of money employed in the business upon which interest was paid, was not much short of the amount now proposed to be called up, and, therefore,