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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 op New Zealand. SOLICITORS : Messrs. Gakkick 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, considerable additions have from tirneto 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 tlie addition of machinery just arrived, makes the plant well-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 The Manufactory, with the additionJof 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 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 L 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 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. LIABILITIES. ASSETS. £ s. d. By Freehold Land... ... 354 1 6 ~ Buildings Account >£3,993 17 8 Less depreciation, 59 18 1 ~ Plant Account 10,273 4 3 Less depreciation, 256 16 7 ~ Stocks on hand— Wool ... 4,840 1 o Manufactured and in process Oil Coal Soap Materials Dye Goods ... ~ Sundry Debtors ... 3,680 2 o ~ Wool Shipments— Ex Waimate 5 10 5 7 Ex Waitangi 411 14 4 ~ Loom Cash and Petty Cash 32 9 2 £30,283 U 9 39 17 7 35 o o 76 o o 29 o 9 400 o o STATEMENT OF PROFIT AND LOSS ACCOUNT, For Half-year ending June 30, ISBO. £ s. d. By Balance, December 31, 1879 1,041 7 1 ~ Profit on Wool, Shipment No. 1 ... ... 301 12 11 ~ Profit on Wool, Shipment No. 2 ... ... 150 o o ~ Manufactures Account ... 11,982 2 1 Examined and found correct. W. P. WILSON, Auditor. Forms of Application may be obtained by applying, either personally or by letter, at the Offices of the Company. ISAAC WILSON, 123 g Chairman of Directors.

GRATEFUL COMFORTING EPPS’S COCOA. BREAKFAST. BY a thorough knowledge of the natural laws which govern the operations of digestion and nutrition, and by a careful application of the fine properties of well selected cocoa, Mr. Epps has provided our breakfast tables with a delicately flavoured beverage which may save us many heavy doctor’s bills. It is by the judicious use of such articles of diet that a constitution may be gradually built up until strong enough to resist every tenpency to disease. Hundreds of subtle maladies are floating around us ready to attack wherever there is a weak point. We may escape many a fatal shaft by keeping ourselves well fortified with pure blood and a properly nourished frame.— See article in the Civil Service Gazette. Made simply with boiling water or milk. Sold only in packets or tins, labelled ; JAMES EPPS AND CO., HOMOEOPATHIC CHEMIST, LONDON. 91 °o POWELL’S BALSAM of ANISEED. Duo de Montabor writes “ Chateau de Montabor, Aveyron. Sir, —Having suffered for some time from an obstinate cough, accompanied with fever, continuous head-aches, and sleepless nights, I resolved after having vainly tried several other medicines, to have recourse to your BALSAM of ANISEED. I cannot resist, sir, the desire of making you acquainted with the really marvelous results which I derived from it. From the first dose I felt great relief, the bad symptoms grew feebler, the irritation of the throat was calming down, and I recovered the sleep which had nearly left me. The third dose delivered me completely, and I am now completely restored to health. Receive, sir, with the expression of my gratitude the assurance of my distinguished sentiments. DUO DE MONTABOR

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http://paperspast.natlib.govt.nz/newspapers/AG18800930.2.17.3

Bibliographic details

Page 4 Advertisements Column 3, Ashburton Guardian, Volume 1, Issue 159, 30 September 1880

Word Count
1,191

Page 4 Advertisements Column 3 Ashburton Guardian, Volume 1, Issue 159, 30 September 1880

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