Vol. ii., No. 5. 
THE CHEMIST AND DEUGGIST OF AUSTRALASIA. 
125 
The following directors — Messrs. Alfred Fenton and 
William Elder— retire from office, in terms of the articles of 
association, but are eligible for re-election, and offer them- 
selves accordingly. 
BASIL SIEVWKIGHT, Chairman. 
Dunedin, 1st March, 1887. 
BALANCE SHEET. 
LIABILITIES. 
Capital, 100,000 shares . . 40s. . . 
Less unallotted 33,126 40s. . . 
„ uncalled 50,174 .. 20s. .. 
£ s. a. £ B. d. 
200,000 0 0 
.. 66,252 0 0 
.. 50,174 0 0 
116,426 0 0 
Bills payable 
Open liabilities 
Unpaid dividends . . 
Staff fund 
Bank •• • 
Reserve 5 per cent, on customers’ nabiiities 
Profit and loss account 
83,574 0 0 
25,042 3 5 
5,422 11 2 
22 14 1 
1,129 9 5 
3,457 10 6 
2,548 11 4 
13,000 16 10 
^ 134,197 16 9 
ASSETS. 
Stocks 
Less reserve of 2Jper cent, off stock 
Warehouse premises 
Warehouse fixtures 
Dunedin factory buildings 
Dunedin factory plant and fixtures 
Kaikorai factory building and plant 
Less depreciation account . . 
Kaikorai land and siding 
Bills receivable 
Book debts 
Cash in hand 
£, s. d. 
89,905 10 8 
2,246 8 4 
8,769 4 
7 
2,020 16 
a 
5,055 5 11 
3,326 10 
6 
8,561 1 
3 
27,637 18 
5 
2,736 15 
6 
£ s. d. 
87,659 2 4 
24,901 2 11 
1,288 3 0 
845 16 2 
19,161 13 4 
341 19 0 
jei34,197 16 9 
PROFIT AND LOSS ACCOUNT. 
Dr. 
£ s. d. 
To salaries, charges, travelling, discounts, insurance, 
rents, and advertising 18,195 13 9 
Bad debts . . . . . • • • ■ • • • • • 2,673 5 11 
Property tax and license fees . . . . . . . . 488 3 6 
Balance, being net working profit 10,833 19 2 
^£32,151 2 6 
£ s. d. 
To half-year’s dividend, 31st January, 1886 . . . . 2,923 9 8 
Interim dividend, 31st July. 1886. . 2,923 9 8 
Reserve for depreciation — 
On buildings, plant, and fixtures, 5 per cent 1,381 12 11 
On Customers’ Indebtedness, 5 per cent.£2,548 11 4 
Less last year . . . . . . . . 2,035 13 9 
512 17 7 
On stock, 2^ per cent. 2,246 8 4 
Balance to be dealt with 13,000 16 10 
^£22,988 15 0 
£ s. a. 
By gross profit at Dunedin and branches, after deducting 
net cost of manufacturing 32,041 17 6 
Rents 0 0 
Transfer fees 550 
£32,151 2 6 
£, s. d. 
By profit as above 10,833 19 4 
Balance from last year 12,154 15 8 
£22,988 15 0 
By balance . - . . . • • • ■ • • • ■ ■ £13,000 16 10 
BASIL SIEVWRIGHT, Chairman 
Contingent liabilities— 
Bills under discount . . £31,310 8 11 
This report was presented at a meeting of the Company on 
March 17. In moving its adoption the chairman, Mr. Siev- 
wright, compared the items in the balance-sheet with those of 
the previous year. The largest difference was in bills under 
discount £31,310 3s. lid. against £12,215 Is. 5d„ the in- 
creased amount being brought about through paying off 
debentures. An extra 2^% had been written off stock to meet 
the continued depreciation in the value of many lines. The new 
issue of debentures is to the amount of £25,000. The direc- 
tors had resolved that the proposal to establish boards of 
advice or local boards at branches could not be carried out 
with advantage. Mr. John Mill seconded the adoption of 
the report, which was carried unanimously. Mr. John Slit- 
chell proposed, and Mr. J. Scoular seconded, the re-election 
of Messrs. Alfred Felton and William Elder. On the motion 
of Mr. W. D. Stewart, seconded by Mr. Anderson, the auditors 
were re-elected, Mr. W. D. Stewart moved, and Mr. T. 
Brown seconded, a vote of thanks to the directors and 
officers of the company. About a dozen shareholders were 
present. 
Sheep- DIPPING Trials. — The “Perfect” sheep-dip, made- 
by Mr. C. M. Brooke, chemist, Kaiapoi, and the “ 2ealandia ” 
sheep-dip, made by Kerapthorne, Prosser & Co., Dunedin, 
have recently been the subject of public trials. A suggestion 
has been made which Mr. Brooke supports that an exhaustive 
trial of sheep-dips should be held. It is proposed that the 
Canterbury Agricultural and Pastoral Association should 
appoint a committee, calling to their aid the Director of the 
School of Agriculture, the various local sheep inspectors, and 
a woollen manufacturing expert, so that after clipping and 
shearing, the wool could be scoured, dyed, and woven, and 
the dip having the best effect on the cjuality of the wool thus 
ascertained. Mr. Brooke states that £20,000 is sent home 
from New Zealand annually for sheep-dip. [It is rumoured 
that some sheep-dips, well known in New Zealand, have been 
made from formula published in the columns of our London 
journal. We hope many will find our pages ^equally profit- 
able. — Editor.] 
Poisoning by Morphia.— On March 29, Dr. Pemberton,, 
brother-in-law. of Mr, Brittain, chemist, Wellington, died 
suddenly from the effects of morphia poisoning. He had 
been [suffering from insomnia, and took to his bedroom a 
small bottle of morphia. He put a little on his finger, took 
it, and immediately went to sleep. His appearance seemed 
unnatural, and Mr. Brittain was sent for as well as other 
doctors, but their efforts to restore consciousness were un- 
availing. Dr. Pemberton was 43 years old, and had exercised 
his profession some years in Africa, where, however, the 
climate did not agree with him. 
Messrs. Chisholm and Co., says the Wellington Evening 
Press, have just commenced business in the'city. The fittings- 
of the shop are of walnut, relieved by full length mirrors, and 
the bottles are recess labelled. The style of the shop is said 
to be very attractive. 
At the sale of salvage stock of Messrs. BarraudJland- Song 
the stock was purchased by the New Zealand Drug Company 
for £510, and the fittings brought £50. 
It is reported that the New Zealand Drug Company has 
purchased the Congregational Church building, Wellington, 
for the sum of £1000 with the intention of using it as a 
bonded store. The church authorities propose to erect a new 
and more commodious building for their purpose in a rather 
less central situation. 
Mr. M. H. Wilton chemist, of Marton, has removed to 
Manaia. 
Starch and Sugar Industries. — Mr. J. A. Pond formed part 
of a deputation from the New Zealand Industrial Association 
which waited on Hon. J. Ballance, Native and Defence Minis^ 
ter the other day with a proposition for the encouragement of 
the beet sugar industry. The proposal made was that a 
factory should be established for the manufacture of crude 
sugar which could be refined at the already existing works, 
and that the Government should contribute up to £2000, 
pound for pound of the capital raised by a company for such 
a purpose. Suggestions were also made for assisting the 
starting of a starch factory. 
Mr. George Bobson, chemist, Te Aroha, has received a 
diploma for his exhibit of Te Aroha mineral water at the 
Colonial and Indian Exhibition, 
New Plymouth Hospital.— The tender of Messrs. Teed and 
Co. for drugs was accepted at the March meeting of the 
Board, terminable at three months’ notice. 
