Page 4 Advertisements Column 1

Waikato Times, Volume XII, Issue 1005, 30 November 1878, Page 4

New Advertisements. ~Et 0 S PECTUS KEMPTHORNE PROSSER &Co, Neav Zealand Drug Company (Limited). Head Offce—Dunedin. To be Incorporated under " The Joint Stock Companies Aot, 1860." CAPITAL £200,000, In 100,000 Shares of £2 each, with power to Inorea-ao. Of these, 50,000 Shareß only are now offered to the public, upon which it i* intended to call up 20s per Share, as Mlows :—Deposit payable on application. 5s per Share ; 5s per share three months after allotment; and 5s per Shire months after allotment. Should the Directors deem it advisable to make any further Call three calender months' notice of any such Call will be given. . 25,000 Shares, fully paid up, are to be taken by Messrs. Kermthorne Proseer and Co., the remaining 25,000 Shares 1 eing reserved for future issue, as may be determined by the Directors. Provisional Directors : , Robert Borrows, Esq , M.D., Dunedin J.G. Black, Esq., Professor of Chemistry, Otago Univefsity Henry Houghton, Esq., Merchant, Uunedin «'««-. ~ F O Batohelor, Eeq, M.8.G.5., Dunedin BeDJiman Bagley, Esq., Chemist, Uunedin _ T. S. Graham, Esq., Merchant. Dunedin a! J. Fergusson, Esq., M.D.. Dunedin R. A. Low, Esq., Merchant, Dunedin B. Hallensteio.Esq., Merchant, JDunedin T. M. Wilkinson., Esq., Chemist, Dunedin William Brown, Esq., M.B.,Dunedin M. Marshal', Esq., Chemist, Dunedin Basil Sievwright, Esq., Solicitor, Dunedin B. S. Raymond, Esq., Chemist, Dunedin C.' A. Annlng, Esq., Chemise, Dunedin. Robert Wilson, Esq., Merchant, Dunedin Wm. Elder, Esq, Chemist, Port Chalmors G. F. Jeffrey, Esq., Chemist, lawrence J Harrop, Esq , Chemist, Lawrence . j! V. Rosa, Esq., Chemist, Christcburch G. Bonnington, Etq., Chemist, Christchurch Joßeph Hatch. Esq., Chemist, lnvercargill J. D. Hayes, Esq Chemist, lnvercargill J! G. Lane. Esq., Chemist, Oamatu H. J. C. Edwards.Esq.,Chemist, Oamaru Dr. M'Jntvre, T»maru . B. Watkins, Etq., Chemist, Timaru B. S. Cook, Esq., Chemist, Timaru C. D. Bavraud, Efq.,Cheinift, Wellington J. A. AUeo, Esq, Chemist, Willington Edwin Plurnmer, Etq , Chemist, Wellington J. Monteith, Esq., Chemist, Wellington Win. Eife, Esq , Chemist, Wellington H. Brittain, Esq., Chemist, Wellington Frederick White, E<q, Chemist Wellington Dr. Goldsbro', Auckland Dr. Bayntnn, Auckland Graves Aickin, Esq , Chemist, Auckland J. P. King, Esq , Chemist, Auckland H. Hamilton, Eeq., Chemist, AuHsland J. N. Manning, Esq., Chemist, Auckland J. Edsoa, Esq., Chemist, Auckland J. S. Welsman, Esq., Chemist, Napier Bankers : THE UNION BANK OF AXJS'IBAI.I *. Solicitors s MEBSRS; S IVWRIGHT & STOUT. Valuators and Auditors : N. Y. A. WALES. Esq, WILLIAM BROWN, Esq. JMTERIM SICRETARY : MR. JAMES fIANNAY.

This Company is projected for the purpose of acquiring the well-known Wholiflale Drug and General Business now and for many yeara successfully conducted by Messrs. Kempthorne Prosssr and Co. at Dunedio. Chris tchureh, and Auckland, and at Wellington, under the style of " Felton, Grrimwade and Co." A preliminary Agreement has been entered into between the firm and the Provincial Directors, residing in Dunedin, for the sale and purchase of the freehold and leasehold lands aud buildings belonging to the firm, and now med for the purpose of the business, at a price or value to be acert;ii"ed by the valuators, Messrs. Wales and Brown. It has been arranged that the new Company shall take over the plant, machinery, fixtnres,

and enfc're stock-in-trade at the actual cost to tbe firm, find 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 enst. Tbe Company will also obtain the benefit of all the PATENT AND PROPBIETABY AHTICLE.s on the same terms upon which fcbeue are now held, or manufactured by tbe firm, and also of all existing contracts and current business agreementF, which the Company will undeiUko and complete. The firm agrees to ta'<e shares to the value of £50,000 fully paid-ap ( unlusive of 3750 shares allowed for the goodwill of the busiuass). The Punedin and Branch Houses are in full and complete working order, with good etocls, and all necta-ary appliances for carrying on an extensive trade. Messrs T. W. Kempthorne and Evan Prober have consented to continue the mahage•menfc under the proposed new Company. The Wellington and Auckland branches are conducted by Messrs T. A nee 11 and J. W. Henton, who have been for many years in the service of the firm, and who are thoroughly competent and experienced men of bueines-. The branches were established with a view to secu-e the local and general business of tbe firm's ordinary customers, and especially of the Chemists and Druggists throughout the colony—objects which have been satisfactorily attained. The F.ictnry at Dunedin is managed by a duly qualified Manufacturing Chemisi of expensive European and Colonial experience. The Steam Plant, which is well worthy of inspection, is of the very best class, with the mo3t approved miils, and all modern appliances for the manufacture of chemical and pharmaceutical preparation?.

The promoters confidently place this undertaking before the public us a hm% .fair, paying investment, and, in doing- so, would instance the advantage of seenrin" an old-established and lucrative business, with a largo manufacturing and importing trade in full operation, as contrasted ■with the risk generally attendant upon new msivuntile venture*. The rapid advancement of the colony opens a wide field for manufacturing industries in ccn.neotion with this business, such as Suj,pmmic Acid Works, Artificial Manures, &c. It is, therefore, necessary that the present operations of tho firm should be extended, for which a larger capital than the firm at presents commands will be required. Although the amoimt of £IOO,OOO to bf (jailed up is a larger sum thin the invested capital.of Messrs Kempthorne, Prosser and i 0., yet the amouub of mon ;y employed iu the basinoss upon which interest was paid, was not much short of the amount now proposed to be called up, and, therefore,