Public Notices PROSPECTUS OF THE Kaiapoi Woollen Manufacturing Company, Limited. CAPITAL, £IOO,OOO, IN 4000 SHARES OF £25 EACH. DIRECTORS : Isaac Wilson, Esq., Chairman, G. H. Blackwell, Esq., E. Parnham, Esq., And Two to be Elected after the Allotment of New Shares. BANKERS : Bank op New Zealand. SOLICITORS : Messrs. Garrick and Gowlishaw. Registered Office ... Charles Street, Kaiapoi. THIS Company was established in July, 1878, (with a capital of £15,000 in 15 shares of £.1,000 each, to carry on the business of Woollen Manufacturers, and accepted the offer of the Hon. J. T. Peacock, for the purchase of the Premises and. Plant of the Canterbury Spinning, Weaving, and Fibre Company at about half its original cost, since which, considerableadditionshavefrom time to timebeen made tothe buildings and plant, the latter now comprising four sets of Carding Engines, and thirty-five Looms with necessary machinery, which, with the addition of machinery just arrived, makes the plant v ell-proportioned and very complete. The sum of £1,200 has been paid since stock-taking, for last additions to buildings and machinery just received per Loch Awe. The Manufactory, with the addition of the machinery per Loch Awe, though complete in itself, will not however enable the Company to meet the greatly increased demand which has arisen for their goods, although, as hitherto, continuing to run a large portion of the machinery night and day, and having conclusively proved that the present heads of departments are capable of working a Mill twice the size of the present one at a saving of at least £2,000 a year oh the general working of the Company’s business, they have with a view to providing extended premises and appliances, decided to increase the Capital from £15,000 to £IOO,OOO, the whole to be represented by 4000 shares of £25 each, of which the existing shareholders will be entitled to 825 fully paid up, in exchange for the shares now held by them (including the accumulated profit thereupon amounting to £3,744) ; of the residue, the Directors propose to issue at present only 1,600. The increased capital will be applied to the following purposes, viz : —Paying off existing mortgage of £7,400 ; enlarging present premises and plant; establishing premises in Christchurch ; and for the general purposes of the Company. The following may be enumerated among the special advantages in favor of _Shnre- j holders, viz.:—The original plant was purchased at about half-cost, the staff is now : well-trained and efficient, which will obviate the difficulties and avoid a repetition of the losses experienced during the first eighteen months of the Company’s operations, while the whole of the dead stock was cleared out previous to stock-taking, July Ist, 1880. A good and safe business has been developed, which is steadily increasing, and is capable of being worked up to a much greater extent. All the risks and expenses connected with the formation of a new company will be avoided, and, as can be seen by a perusal of the last balance-sheet, the new Shareholders will at once enter into possession of a good paying concern. The present Shareholders shew their faith in the concern in the most practical manner possible by taking the amount of £3,744 (accumulated profit, equal to 16 per cent, per annum on the paid up Capital) in fully paid up shares, instead of drawing the amount which they are entitled to do. The Company now offers to investors an opportunity to develop a Colonial Industry which has established for itself a good reputation and meets with popular support, and which will, it is expected, shortly employ about 400 hands, and at the same time securing to Shareholders a good return for the Capital invested. . Intending Shareholders can obtain any information, with an order to view the Factory, from the Directors, or on application at the Office of the Company. The Share List will close on October Ist, 1880. In making the allotment the Directors will take into consideration the order in which the applications are made. The sum of £1 per share will be payable on application ; £2 10s. per share on allotment ; and the balance in calls of not more than 50s. per share at intervals of not less three months. In this manner the time for fully paying up will be extended to not less than two years and three months. All Applications with £1 per share deposit, to be forwarded to the Chairman of Directors not later than October Ist, 1880. BALANCE SHEET, JUNE 30, 1880.
,£30.283 17 9 ASSETS. By Freehold Land ... ~ Buildings Ac- ' count £3,993 17 8 Less depreciation, 59 18 1 S. d. 1 6 3,933 19 7 ~ Sundry Debtors ~ Wool Shipments— Ex Waimate 510 5 ; Ex Waitangi 411 14 , „ Loom Cash and Petty Cash -11,344 1 7 ii' 3,680 2 O 921 19 II 32 9 2 £30,283 17 9 STATEMENT OF PROFIT AND LOSS ACCOUNT, For Half-year ending June 30, 1880. To loss on goods sent to Sydney Exhibition ... ~ Depreciation on Plant and Buildings ... ~ Repairs Account ~ Wool used in Manufacture ~ Oil Account, LlB5 55.; Coal, L 466 4s. 6d. ; Soap, LlO9 9s. 6d. ~ Materials Account, L 139 9s, 9d.; Dye Goods, 1,321 125. I id. ... ~ Insurance Account ~ Wages/ ~ ~ Interest ~ ~ Discount ~ General Expenses Bah By Balance, December 31, 1879 ~ Profit on Wool, Shipment No. 1 ~ Profit on Wool, Shipment No. 2 ~ Manufactures Account ISO 11,982/ f Jr amined and found correct, ’i; L / W. P.7\yiLSON, Auditor. Fofrfis of Application i&ay’’ bo applying,/nither personally or by at the Offices of'thte / j\ (V ~'VISAAC WILSON, 3jJ j / |VI Chairman of Directors.
w wnsriE TS. gi fiA in the Schoolroom, KMe, obl J 7. f FRIDAY, the te&TH INST., / In order to raise Funds ror establishing a •■PUBLIC! LIBRARY, / In the district. Jr t Programme : Pianoforte Solo Mr. Foster. Glee aijd Chorus, “Glorious Apollo” ThelChoir. 3. —Song I Mr. G. Parker. 4. —Trio, f Excelsior, ” Mesdames Lambie, Thompson, and Loudon, Messrs. Foster, Lambie, and Thompson. 5. —Recitation, “ The Missing Young Map,” Mr. G. Johns. 6. —Due® “The Larboard Watch,’’Messrs. \ Thompson and Lambie. “ The Fairy Whispers Mazourka,” Miss Rogers. Song Mrs. Loudon. Instrumental Trio. Interval. -Cornet Solo, with accompaniment by Miss Lambie, Mr. Foster. 11. —Solo, “Sad at Heart” (from Trovatore) Mr. Thompson. 12. —Reading Mr. Winter. 13. —Song and Chorus, “My Grandfather’s Clock,” ... Mr. Lambie. 14. —Recitation, “Found, the Missing Man,” Mr. G. Johns. 15. —Song Mr. J. Blackburn. 16. —Glee, “ See our Oars with Feather’d Spray,” The Choir. 17. —Song Mr, G. Parker. 18 —Duet, “ A B C,” Mrs. Loudon and Mr. Thompson. National Anthem. 10, Doors open at 7.30 p.m. To commence at 8 p. m. Admission, 25.; Children Free. 122 c IMPOUNDED, at South Rakaia, or August 6th, 33 SHEEP, froir Somerton; brands indistinct; mostlj crossbreds. If not released by Augusl 21, they will be sold. GEO. SHELLOCK, 1200 Poundkoeper.
NOTICE. THE Undersigned being about to Transfer his interest in the Wheatsheaf Hotel to Mr. Escott, desires to thank his numerous patrons for their past support, and invites all his friends to A DINNER, Whieh will take place in the Hotel on TUESDAY, August 24th, at 7 p.m., after which there will be a DANCE. GEORGE WILLCOOKS, Wheatsheaf Hotel, Wheatstone. 121 a ASHBURTON BOROUGH COUNCIL. PERSONS desirous of LEASING TOWN RESERVES are requested to make application to the Town Clerk for same, after which they will be submitted to public auction. CHARLES BRADDELL, Town Clerk. Borough Council Office, 13th August, 1880. 125 g ASHBURTON RACING CLUB. A [PUBLIC MEETING of Members and others interested in Sporting Matters will be held at Quill’s Hotel, on SATURDAY, August 21, at 8 p. m. Business —1. To consider the advisableness or otherwise of holding a Spring Meeting. 2. To consider the question of letting the Course for cropping. JAMES WILKIE, 755c-127g Hon. Sec. METHVEN AGENCY. MORGAN and HIBBS, General Storekeepers, Methven, are authorised agents for the Ashburton Guardian. Subscribers will please get their papers from the agents in future. Orders entrusted to them will receive prompt attention. WEEKS AND DIXON, 30a* Proprietors- j
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Ashburton Guardian, Ashburton Guardian, Volume 1, Issue 140, 17 August 1880
Page 3 Advertisements Column 4 Ashburton Guardian, Volume 1, Issue 140, 17 August 1880
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