Page 4 Advertisements Column 1

Waikato Times, Volume XII, Issue 1007, 5 December 1878, Page 4

New Advertisements. iTo S P E C T U S OF £EMPTiiORNE PROSSER &Co, New Zealand Dnua Company (Limited). Head Offoe-Dunedin. To be Incorporated under "The Joint Stock Companies Act, ISOU. CAPITAL ... ~T ... £2OOOOO, la 100,000 Shares of i 2 each, with power to Increase. Of thes°, 50,000 Shares only a. enow (ffered to the public, upon wh chit iontended to call up 20s per Share, as i 1lowa :—Deposit payable on application, 5a per Share ; 5s per sh»re three mont| b after allotment; and 5s peri:hare six months after allotment .. , . Should the Directors deem it advisalle to make any further Call time calender months' notice of any such Cili wi 1 be given. 25,000 Shares, fully paid up, are to otaken by Messrs. Kerrmthorne Protser and Co., the remaining 25 000 frhares being reserved for future issue, as may be determined by the Directo a. Provisional Directohs : Robert Borrows, Esq , M.D., Dunedin J.G. Black, Esq., Professor of Chemistry, Otago Univefsity Henry Houghton, Esq., Merchant. Uunedin ~ F C. Batchelor, Eeq, M.R.C.S., Dunedin Benjiman Bagley, Esq., Chemist, Uunedin _ .. T. S; Graham, Esq., Merchant, Duuerlin A. J. Ferguason, Esq., M.D , Dunedin R. A. Low, Esq., Merchant, Dunedin B. Hallenstein, Esq., Merchant, Dunedin T. M. Wilkinson., Esq., Chemist, Dunedin William Brown, Esq., M.B.,Dunedin M. Marshall, Eeq , Chemist, Dunedin Basil Sievwright, Esq., Solicitor, Dunedin R. S. Raymond, Esq , Chemist, Dunedin C. A. Annlug, Esq., Chemist, Dunedin Robert Wilson, Keq., Merchant, Dunedin Wm. Elder, Esq, Chemist, Port Chalmers G. F. Jeffrey, Esq., Chemist, Lawrence J Harrop, Efq , Chemist, Lawrenoe j! V. Ross, E;q„ Chemist, Christchurch G. Bonnington, E*q., Chemist, Christchurch Joseph Hatch, Esq., Chemist, lnvercirgill J D. Hayes, Etq Chemist, Invercargill E. G. Lane, Esq , Chemist, Oamaru H. J. 0. Edwards,Esq.,Chemist, Oamaru Dr. M'intyre, T maru R. Watkins, Etq., Chemist, Timaru B. S. Cook, Esq., Chemist, Timaru C. D. Bavraud, E£q.,Cheinist, Wellington J. A. Allen, Esq, Chemist, Willington Edwip. Plummer, Esq , Chemist, Wellington J. Monteitb, Esq., Chemist, Wellington Wm. 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, A uckland J. P. King, Eea , Chemist, Auckland H. Hamilton, Esq , Chemist, Au kland J. "N". Manning, Esq., Ohemißt, Auckland J. Edsoii, Esq., Chemibt, Auckland J. S. Welsman, Esq., Chemut, Napier Bahkbbs : THE UNION BANK OF ATJ3 TRALI A. Solicitors : MESSRS. S IVWRIGHT & STOUT. Valuators and au, itobs : N. Y. A. WALES, Esq, WILLIAM BROWN, Esq. Imtjsbiu Slcretary : MB. JAMES HANNAY.

This Company is projected for the purpose of acquiring the well-known Wholi--Bale Drug and General Business now and for many years successfully conducted by Messrs. Kempthorne Prossar and Co. at Dunedin, Ohristchurch, 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 ike freehol 1 and leasehold lands and buildings belonging to the firm, a'Jd now uied for the purpose of the bu Bio ess, at a price or value to be acertuuedby the valua'ors, Messrs. Wales and Brown. It has been arranged that the new Company shall take over the plant, machinery, fixtnres, and enfc 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 extcation, and goods to arrive, are to be taken over at actual cost. The Company will also obtain the benefit of all the PATENT AND PROPBIETAUY AHTlcle.s on the same terms upon which these are now held, or manufactured by the firm, and also of all existing contracts and current business agreement?, which the Company will undeiUke and complete. The firm agrees to ta':e shares to the value of £50,0U0 fully paid-up ( nolusive of 3750 shares allowed for the goodwill of the business). The Duuedio and Branch Houses are in full and complete working order, with good stocks, and all necessary appliances for carrying on an extensive trade. Messrs T. W. Kempthorne and Evan Proaser have consented to continue tho management under the pn posed new Company. The Wellington and Auckland branches are conducted by Messrs T. Ancell and J. YY. Hentoo, who have been for many years in the service of the firm, and who are thoroughly competent and experienced men of busines-. The branches were established with a view to secure the local and general business of the firm's ordinary customers, and especially of the Chemists and Druggists throughout the colony—obj cts which have beensatisfactorily attained. The Fiictory at Dunedin ia managed by a duly qualified Manufacturing Chemis; of extensive European and Colonial experience. The Steam Plant, which is well wotthy of inspection, is of the very best class, with the most approved miils, and all modern appliances for the manufacture of chemical and pharmaceutical preparations. The promo tors confidently place this undertaking- before the public as a h,nn Jide paying- investment, and, in doing so, would instance the advantage of seciiriw anold-established and lucrative business with a large manufacturing and impo t » ing trade in full operation, as contrasted with tho risk generally attendant upon new mercantile ventures. The rapid advancement of the colony opens a wide field for manufacturing industries in connection with this business, such as Sulphuric Acid Works, Artificial Manures, &c. It is, therefore, necessary that the present operations of the firm should te extended, for which a larger capital than the firm at prrsonts com- J mands will be required. Although tho amount of £IOO,OOO to be called up is a larger sum than the invested capital of Messrs Kempthorne, Prossev and To., yet tho amount of money employed in the bu-iness upon which interest was paid, „, n . not much short nf the amount now pro poe e< * to !> e called up, and, therefore,