Williams & Kettle
| Company type | Public listed company |
|---|---|
| Industry | Stock & Station Agency, General Merchants |
| Founded | 21 May 1891 in Napier, New Zealand |
| Founders | F W Williams and N Kettle |
| Defunct | 1 June 2005 |
| Fate | bought by Wrightson in 2005 |
| Successor | PGG Wrightson |
| Headquarters | Wilket House, Shakespeare Road, Napier, New Zealand |
Area served | North Island East Coast — Poverty Bay and more |
Williams & Kettle Limited with headquarters in Napier, New Zealand owned a stock and station agency business and a general merchants business with branches throughout the east coast of the North Island of New Zealand. Incorporated as a co-operative in 1891, it had been founded in 1885 by landowner and businessman Frederic Wanklyn Williams (1854–1940) with Nathaniel Kettle (1854–1940), a brother-in-law of John Roberts the local principal of Dunedin's Murray Roberts and a former Murray Roberts & Co employee.
Establishment
Williams had set himself up in his own custom house agency in 1880 after forming a good relationship with William Nelson and becoming agent for his new Nelson Brothers' boiling down and canned-meat plant which Nelson was establishing at Tomoana just north of Hastings in conjunction with Frederic's uncle, J N Williams. Together they formed and developed shipping links around the coast and to Britain. In 1885 he took in Nathaniel Kettle.[1]
Dunedin-born Kettle, having served an apprenticeship with G G Russell & Co, wool and general merchants, had opened a Napier branch for Murray Roberts (at first named Murray Common & Co) in 1877[2] but the partnership was dissolved in 1885 and Kettle joined Williams in his Napier shipping agency.[3] His new partnership with F W Williams was reported in the local newspaper beside the account of his colleagues' presentation on his departure on 28 July 1885.[4] Kettle was a son of surveyor Charles Kettle and his wife, Lena, was the only daughter of Major Von Tempsky.[2] They had married in 1880.
The close relationship with Nelson Brothers would last until soon after the First World War when it was sold to W & R Fletcher, the local subsidiary of Vestey Brothers.[1]
Growth
F W Williams & Kettle advertised they were willing to make "liberal cash advances" on unshorn wool clips and other produce and undertake the entire range of station agency business.[5] From Port Ahuriri Kettle travelled up and down the East Coast making friends and finding clients. Investment propositions would be mailed to London investment houses which would reply by cable. Security documents could then be prepared and executed and lodged with a bank. The bank would cable confirmation and when the lender cabled back their consent the funds were advanced to the station owner.
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Shipping
Homeboats and Little Boats
Port Line
The success of frozen meat exports boosted produce exports too. The far away British and European markets for both wool and meat demanded long-distance shipping services. Well known to the big shipping companies, William Nelson and F W Williams eventually assisted in the formation of the Tyser shipping line later known as the Port Line.[note 1] With the knowledge this gave them, they were able to achieve some moderation of the charges made by the other shipping services. The tie with the Port Line was broken in 1969.[1]
Richardson & Co
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.jpg) Ships, the only contact with the outside world for those unable to drop their commitments might call as little as twice a year.[6] |
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Kahu and Fanny. Kahu carried passengers and freight between Napier and Wellington with occasional side trips to Lyttelton and the Chatham Islands. Other ships included Weka and Ripple.[7]
Campbell sold out and moved to Fielding in 1887.[8]
Williams & Kettle became a major shareholder. They sold the bulk of their shareholding in Richardson & Co to Union Steam Ship in 1934. Long before that, in 1908, some of their shares were sold to Thomas Borthwick and Sons.[1]
In 1966 Richardson and Co's fleet was six modern motor vessels[6]
Incorporation
F W Williams and Kettle remained a private partnership until 1891. There were advantages in being a locally owned business competing with branches run from other parts of the country but in 1891 Hawke's Bay Farmers Co-op Association was formed. As a co-operative it seemed to have the advantage of locking in customers and might in that way take business from Williams & Kettle. There were offers to merge put to each other by both parties before Williams & Kettle themselves incorporated a limited liability company to be worked as a co-operative aiming to at least retain their existing customers. The Williams & Kettle co-operative took from the partnership as of 1 July 1891:
- their business premises and plant at Napier, Hastings, Spit and Gisborne and
- their interests in steamers and lighters
- agencies and
- stock in trade
The sale gave the two partners more than a small fortune in saleable shares in the new Williams & Kettle Limited.[1]
Directors
From 1891 and into the 20th century besides chairman Williams and Nathaniel Kettle the board of directors was a list of prominent regional run-holders. They were:
- J H Coleman (1834–1928)
- William Nelson (1843–1932)
- Rechab Harding (1844-1897)
- A S G Carlyon (1859–1927)
- J B Chambers (1859–1931)
- Sir W R Russell (1859–1931)
- L H McHardy (1863–1927)[9]
The founders survived until 1940 but the other directors listed above, except for Harding, all died between 1927 and 1932.
F W Williams retired from the post of chairman, and left active management to Nathaniel Kettle, at the end of the First World War but remained a Williams & Kettle director and chairman of Richardson & Co. Nathaniel Kettle handed over day-to-day top management to Leslie Rolls in 1933.[1]
Locations
- The Spit
- Napier
- Gisborne 1889
- Hastings 1892
- Pahiatua 1898
- Dannevirke 1902
- Stortford Lodge 1902
- Woodville 1903?
- Waipawa 1904
- Wairoa 1909?
- Tolaga Bay
- Takapau 1926
- Waipukurau 1934?
- Ruatoria 1935
- Tokomaru Bay 1963
- Taupo 1966
Services
Stock and station agency[10]
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Merchandising of:
- Livestock
- Wool
- Grain and seed
- Horticulture
- Fertilizer
- Farm merchandising
together with these services:
- Rural financing
- Forestry
- Real estate
- Farm ownership and management
- Insurance
- Fuel distribution
Ownership
Bought by Wrightson
Williams & Kettle was bought by Wrightson in early 2005 following their bidding war with rivals Fonterra and Pyne Gould Guinness. At that time Williams & Kettle operated through 35 branches mainly spread throughout the east coast and centre of the North Island.[11]
Brand dropped
The Williams & Kettle brand began leaving buildings, vehicles and staff uniforms in late 2008.[12]
Notes
- ^ Tyser Line —> Commonwealth and Dominion Line —> Cunard Line Australasian Service, Commonwealth and Dominion Line —> Port Line —> Associated Container Transportation
References
- ^ a b c d e f Len Anderson. Throughout the East Coast, the story of Williams and Kettle Limited, Pictorial Publications, Hastings NZ, 1974
- ^ a b Obituary, Mr N Kettle. The Evening Post, volume cxxx, Issue 78, 28 September 1940
- ^ Nathaniel Kettle. North Otago Times, volume xxix, issue 4019, 31 July 1885
- ^ Hawkes Bay Herald, page 2, 30 July 1885
- ^ Daily Telegraph page 3, 1 August 1885
- ^ a b Shipping—Coastal Lines
- ^ Richardson and Co
- ^ Napier's Loss Daily Telegraph 1 June 1887, page 2
- ^ The Cyclopaedia of New Zealand (Taranaki, Hawke's Bay & Wellington Provincial Districts), 1908
- ^ Williams & Kettle Ltd Bloomberg Financial Services accessed 27 May 2017
- ^ Wrightson Wins Share Scramble. New Zealand Herald, 11 December 2004
- ^ End for Rural Brand. New Zealand Herald, 14 October 2008