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Prospectus. pROSPE CTUS OP THE ASHBURTON Woollen Factory COMPANY, LIMITED. Capital : £25,000, in 5,000 Shares op HIV-' ’ £5 EACH, ifen Shillings on application. Ten Shillings on allotment, and the balance at intervals of not less than three months. Bankers; Union Bank of Australia, Ashu' burton. Solicitor: Mr. E. G. Crisp. Seckbtasy (pro tem.): Mr S. E. Poyntz. The Company is proposed to be formed for the, establishment of a Woollen Factory, for the purposes of providing a local market for wool grown in the district; of cpnyprtin:? the wool into manufactured goods; 'and'of selling such goods wholesale or other wise, ,jThe,,.promoters have arranged for the purchase, at a reasonable price, of a suitable site with water power, on the bank qLbhe, Ashburton river, about threequarters of a mile from the township, and arrangements have been made for the construction. of a water-race through the lirid for the purpose of working the chineryEfficient machinery, to the value of £lysoo, has already been secured, which ig. capable of being worked by either steam orYvater power. ’.Taking into consideration the following f^cts:—l. That woollen goods are imported into the colony to a very large extent, on which freight and an import duty of IG| par cent, have to be paid ; 2. That the same quality and description of goods can be., manufactured here at less cost by S' ing tho locally-produced wool; 3. That e present New Zealand factories have ijiotwith great success, but at the same time are quite inadequate to the task of supplying the increasing demand; and, 4. That the proposed factory would have a great advantage in being situated in the centre of a large wool-producing district, —the Provisional Directors feel that they may confidently submit this prospectus tc the public. , 'Objection might bo taken to the smallness of the proposed capital as insufficient for carrying on the business on a lucrative scale, but the Provisional Directors, after foil- consideration of the matter, believe they have taken the wisest course, as, independently of other reasons, they believe that after the factory is in working order and an established fact, any capital required for a more extended business could be obtained with greater ease and readiness. As'the shares have been fixed at a small auibuht, persons of limited means as well aircapitalista will bo enabled to invest in the undertaking, which, in the course of time, is calculated to yield a good interest on invested capital, and at the same time establish a permanent industry in the colony. - An a , large number of shares have already beep applied for, early application iaipeoeissary. and forms of application may be obtained from the Secretary, A sh-tetesa-.v ■The S.har© .List will close on May 18th. 228 e jML Hotels. OUTH ”110 RAKAIA HOTEL. Tlate of the Hurunui Hotel) hav,ing taken the above Hotel, begs to iniOT&‘ his friends and the travelling public generally that they will always find there every comfort, combined with civility and eebnomy. Wines, Beer, and .\fchbieest brands, etc. Horises and Buggies for hire. 6? . iV ; A. 1 .3 v HOWELL, Proprietor. -ftTA.’&NER’S COMMERCIAL VY HOTEL, CATHEDRAL SQUARE, hsm ’CHRISTCHURCH. W- E. Warner Begs to announce to his many friends in and the adjoining Provinces that having 1 ! ■ REENTERED INTO POSSESSION above Hotel, which has been entirely renovated, re-decorated, and re-furnished-in the latest style, he is now prepared to welcome his old friends and enftomerp. .L-Di* -. •! ■■■ “ THE BILLIARD SALOON Attached, to the Hotel is unsurpassed by any other in the Colony, containing three* tables specially imported from England to the order of the proprietor. The suites of PRIVATE APARTMENTS, Which are elegantly furnished and appointed, i are entirely distinct from the hotel portion of the building, thus insuring perfect privacy. A novelty in colonial hotel accommodation will be available at “ The Commercial ” in the shape of a LADIES’ DRAWING-ROOM, Kept specially select and exclusively for Ladies. water supply has been arranged for on the premises, and the Rooms are fitted with every coniwmrenWfor hot, cold, or shower baths at any tim« ~-' ,'fJOlUmeht on the quality of the Liquors ■applied at the Commercial is unnecessary, •Owe cellar is under the special supervision of .Mr W. F. Warner. “The Hotel being most centrally situate, adjacent ,to the Cathedral, and within a short*, ’.Bistanio of the Museum, Theatre, •aMi trther"public buildings, and with a (nrn..Service to all parts of the suburbs passing' ibat short intervals, renders it tihequalled as a place of for fomujasor commercial gentlemen visiting '^CUtmicßinrcL convenience of commercial rooms will be available. An excellent chef de cuisine has been #ngaged, and generally no pains will be fee, the Commercial'the leadcuteharch. * . . Ml |t rr”: j • * attention will 'he given to (^tetters: applying for apartW. F. WARNER, Proprietor.

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http://paperspast.natlib.govt.nz/newspapers/AG18820502.2.16.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 625, 2 May 1882

Word Count
786

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 625, 2 May 1882

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