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New Advertisements. I ok ; KEMPT IiOBNEGROSSER & Co, i New Zealand Ditua Company ! '(Limited). : iIEAi) Offcb—Dcjn'kdin; j ; >- 'Co be Incorporated "The Joint. Stock Companies Act, 1860." ] CAPITAL ...... ... £200,000,! Id 100,000 Shares of 12 each, with ~power to Ipcrpjiso.; , ; ~ Of ihes", 50,000 Shares on'y a»e now' offered to the - in-; tended . tat'baU^up^2Qd,,pec'S t h>r§,,»B .fjfl-; h>ws :—Deposit, payable ori; application, 5s per dbarc ; f>3 per sharejt.bree monbb after allotment; . and { s* jper.tfbaro six! months a''ter allotment 1 '". ! ; .""' " i Should the Directors ! fteW it; advis-j able to niake any'furth'|r'Gill 'three] calender month*' notice of ari'y'sujm; Callj wi'l be given; 1 •■'■■>" r -'.-i- i , 25,000 Shares, fully paid upy are to bej takea by M.esßrs, Kemnt'Hbrne, Preiser, and Go., the"rem^ipibg';2s;ooo ; v v hares l-eing reserved'for,'Jutaie l !iflsue; f ! "'as' may. be determined by thelDiffidtorg: ! Provisional BißrcrroK^::. Robert Borrows, Esq , M.DjJDunedin J.G Black, Keq,, Profeßßor of CLeojiatryi Otjgo Univefsity r ■■, ,; ! Henry >H.ougbton,.. Esq., >; Merchant,; Dunedin ■'; ... ; < V. G, Batohelor, Eeq, M.R.0.5., Dunedin Benjiraan Bigley, :E£q., ff Chemist, Dunedin . 1 : ' T. S. Graham, Etq, Merchant, Dunedin A. J. FergiiHson, Etq., M.D., Dunedin K. A. Low, Esq , Merchant, Dunedin B. Hallensteiu, Esq., Merchant, Dunedin T. M. Wilkinson., Esq., Chemist, Dunedin , ... William Brown, Esq., M.B .Dunedin 61. Marshal 1 , Esq , Chemist, Dunedin Bas ; l Sievwright, Esq., Solicitor, Dunedin 11. S. Raymond, Esq.,' Chemist, Dunedin C. A. Aunlng, Esq., Chemist, Dunedin. Robert Wilson, Ksq., Merchant, Dunedin Win. Elder, Esq, Chemist; Port Chalmers Gk F. Jeffrey, Esq.. Chemist, Lawrence J. Harrop, Esq , Chemist, Lawrence J V. Rosbj;E q, Chemist, Ghristchurcb G. Bonnington, Esq., Chemist, Chrißtchurch ; Josrph Hatch, Eeq., Chemist, lnvercargill J. D. Hayes, E:q Chetnibt, lnvercargill Jtf. G. Lane, Esq , Chemist, Gama.ru IT. J. 0. Ed wards, Esq., Chemist, t'amaru Dr. M'mtyre, T maru p LI.-Walking, Etq.jCmmist, Timaru: R. S. Cook, Esq., Chemist, Timaiu CD. Bairaud, Etq.,Chemist, Wellington J. A. Allen, Etq, Chemist, Willington Edwin Plummer, Etq , Chemist, Wellington J. Monteitb, Esq., Chemist, Wellington Wm. Eife, Esq', Chemist, Willington B. B'rit'tain, Esq., Chemist, Wellington Frederick' White, Esq, Chemist Wellington Dr. Goldsbro', Auckland Dr. Bayntnn, Auckland Graves Aickin, Esq .Chemist, Auckland J. P. King, Esq., Chemist, Auckland H. Hamilton, E.«q , Chemist, A U'-kland J. N. Manuing, E=q., Chemist, Auckland J. Edsda, Esq., Chemibt, Auckland J. S. Welsman, Esq., Chemist, Napier Bankbbs :.' . ' THE UNION BANK OF AU3 IRAI.IA. Solicitors : MESSRS. S IVWRIGHT & STOUT. Valuators and At;, -nous : N. Y. A. WALES, Esq, WILLIAM BRUWN, Esq. Tmteeiw Slcrktary : MR. JAMES HANNAY. This Company is projected for the purpose of acquiring the well-known Wholesale Drug and General Business now and for many years successfully conducted by Messrs. Kempthorne Prosssr and Co. at Dunedin, Christchurch, and Auckland, and at: Wellington, under tbe Btyle of " Eelton, and Co," A- .preliminary ' agreement has been entered into, between the firm and tbe Provincial Directors, residing in Dunedin, for the sale and purchase of the freeholl and leaseht Id lands and buildings belong* ing to the firm, and now uied for the purpose cf the business, at a price or value to. be acert 'ioed by the valuators, Messrs. Wales and Brown. It bas been arranged that the new Company shall take over the plant, machinery, fixtures, and ent re stock-it-trade at the actual cost to the firm, and all other the assets aud liabilities of the firm., Orders iu course <'f execution, and goods to arrive, are to be taken over at actual cost. The Company will also obtain the benefit of all Ihe PATENT AND PROPRIETARY AHTlcles on the same terms upon wbioh these are now held, or manufactured by the firm, and also of all existing: contracts an'l current business agreement-p, which the Company will undeiUke and complete. .. . . . The fii-m agrees to ta'e shares to the value, of; £'50,000 fully paid-up ( nnlasive of 3750 shares allowed for the goodwill of the bushrss).- '..'"'"' Thq ;l)upedio and: Branch Houseß are in full and complete working order, with good Btoclaj and all necessary appliances for carrying on an extensive trade. Messrs T. W. Kempthorne and Evan Pro3Ber have consented' to continue the management under the iprcpised new Company. The Wellington and Auckland branches are..coud n cted. by Messrs T, AncelLand J. \Y. HentOD,'who ! have been for years iii the service (if the firmi and who are thoroughly competent and experi-, .need men of busin'es\ The branches were establithed with a view. to secu-e ihe .local .and general business of the firm's ordinary customers, and especially, of the Chemists and Druggists throughout the colony—obj eta wbich' have beeusatisfactorily a'tained. The Fuctory at Duuediu is managed by a duly qualified Manufacturing C'hemisS of ex'-ensive European and Colonial experience. The Steam Plant, which is well worthy of intpsction, is of the very best claBS, with the most approved drug-grinding miils,; and all modern appliances for the manur faoture ofjchemical and pharmaceutical preparations. u r The. prompters confidently place ,this undertaking before the public us aS hmm Jidc paying investment; and, in. doing so, would instance the advantage of securing nnold-cstablislied and lucrative business with it and' import , ing trade iii full openitiob,' as contrasted with the risk generally attendant' upon new mercantile ventures. The rapid advancement of the"colony'-'dpenW fi'wide field for manufacturing industries in cc nuectroh'witli this business; such as Svl-' : l'miEic Acid Works, Artivicial Manures, &c. It is, therefore, necessary that the present operations of the firm should be extended, for which a larger capital than the firm at presents commands will be required. Although the amount'of £IOO,OOO to be called up is a larger sum than the invested capital of MessrsKerripthorne, Prosser and Co., yet the amount of nuney employed in the bivinet-s linon which interest was paid, was not much short of the amount now proposed to be called up, and, thereforo,

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https://paperspast.natlib.govt.nz/newspapers/WT18781214.2.16.2

Bibliographic details
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Waikato Times, Volume XII, Issue 1011, 14 December 1878, Page 4

Word count
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942

Page 4 Advertisements Column 2 Waikato Times, Volume XII, Issue 1011, 14 December 1878, Page 4

Page 4 Advertisements Column 2 Waikato Times, Volume XII, Issue 1011, 14 December 1878, Page 4

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