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. Parniiam, Esq., And Two to be Elected after the Allotment of New Shares. BANKERS : Bank of New Zealand. SOLICITORS : Messrs. Gakbick and Cowlishaw. Registered Office Charles Street, Kaiapoi. THIS Company was established in July, 1878, with a capital of £15,000 in 15 shares of £I,OOO 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 timeto time been 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 w 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 on 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 bo 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 Shareholders, 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 wmrked 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. Tho 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, 1860. 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 he payable on application ; £2 10a. 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. STATEMENT OF PROFIT AND LOSS ACCOUNT, For Half-year ending June 30, ISBO. £ s. d. By Balance, December 31, 1879 1,041 7 i „ Profit on Wool, Shipment No. 1 ... ... 301 12 11 ~ Profit on Wool, Shipment No. 2 ... ... 150 o o „ Manufactures Account ... 11,982 2 1 £13,475 2 i Examined and found correct. W. P. WILSON, Auditor. Forms of Application may bo' obtained by applying, either personally or by letter, at the Offices of the Company. ISAAC WILSON,
ISAAC WILSON, Chairman of Directors. KEATINGS COUGH LOZENGES. COUGHS, ASTHMA, BRONCHITIS, ACCUMULATION OF PHLEGM. Composed of the puiest articles. These Lozenges contain no opium nor any deleterious drug, therefore the most delicate can take them with perfect confidence. Their beneficial effect is speedy and certain. This old unfailing family remedy is daily recommended by the most eminet Physrcians, (In use nearly 60 years). MEDICAL TESTIMONY. . July 25th, 1877. 22, Cold Harbour Lane, London. Sir, —Your Lozenges are excellent, and their beneficial effect most reliable. I strongly recommend them in cases of coughs and asthma. You are at liberty to state this as my opinion, formed from many years experience. J. Bringloe* M.R.C.S.L., L.S.A., L.M. Mr. T. Keating, Indian Medical Service. Dear Sir, —Having tried your Lozenges in India, I have much pleasure in testifying to their beneficial effects in cases of incipient consumption, asthma and bronchial affections. I have prescribed them largely, with the best results. \V. B. G, , Apothecary. H.M.S. KEATINGS COUGH LOZENGES are sold by all Chemists, in tins of various sizes, each having the words, “ Keatings’s Cough Lozenges ” engrrven on the government stamp. Proprietor, THOS. KEATING, London, Export Chemist ind Druggist. ENO’S FRUIT SALT. THE PHYSICAL BASIS OF LIFE. ENO’S FRUIT SALT.—"After suffering for nearly two and a half years from severe headache and disordered stomach, and after trying almost everything and spending much money without finding any benefit, I was recommended by a friend to try ENO’S FRUIT SALT, and before I had finished one bottle I found it doing me a great deal of good, and now I am restored to my usual health; and others I know that have tried it have not enjoyed such good health for years.—Yours most truly, Robert Humphreys, Post Office, Barrasford. ” Agents for New Zealand, MESSRS. KEMPTHORNE, PROSSER, AND CO.
GRATEFUL—COMI EPPS’S CO BREAKFAS BY a thorough knowled, laws which govern t digestion and nutrition, a application of the fine prc selected cocoa, Mr. Epp our breakfast tables wi flavoured beverage which many heavy doctor’s bills, judicious use of such artic a constitution may be gra until strong enough to r< pency to disease. Hun maladies are floating arou attack wherever there is We may escape many a keeping ourselves well for blood and a properly noui See article in the CivifrSer; Made simply with boiling Sold only in packets or til JAMES EPPS A 1 HOMOEOPATHIC OH LONDON. iOWELL’S BALSAM Duo de Montabob
Permanent link to this item
Page 4 Advertisements Column 2, Ashburton Guardian, Volume 1, Issue 153, 16 September 1880
Page 4 Advertisements Column 2 Ashburton Guardian, Volume 1, Issue 153, 16 September 1880
Using This Item
See our copyright guide for information on how you may use this title.