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Prospectus. J| ROSPEOTUS or THE ASHBURTON Woollen Factory COMPANY, LIMITED. Capital: £25,000, in 5,000 Shakes op £5 EACH. Ten Shillings on application, Ten Shil- )•; lings on allotment, and the balance ac intervals of not less than three months. tj ’ Provisional Directors: Mr E. Saunders ~ J. Ward ~ John Orr ~ A. W. Parsons ~ R. Friedlander „ D, M'Lean ~ D. Oliver „ J. Ivess ~ D. Cameron : ~ D. Williamson ~ A. Dawson ~ S. Saunders „ W. Horne Mr E. G. Wright , J. Wilkin, Christchurch ; i „ H. Oram, Christchurch „ D. Thomas, Christchurch „ J. Carter „ Thomas Bullock ~ Joseph Clark „ M. Stitt „ O. E. Fooks P, Mayo

; r. Bankers: Union Bank of Australia, Ashburton. Solicitor: Mr. E. G. Crisp. Secretary (pro fern..): Mr S. B. Poyntz. The Company is proposed to be formed for the establishment of a Woollen Fac- ” tory, for the purposes of providing a local for wool grown in the district; of I converting the wool into manufactured " gpods, and of selling such goods wholesale a ‘‘brother wise. The promoters have arranged for the purchase, at a reasonable price, of a suitable site with water power, on the bank of the Ashburton river, about threequarters of a mile from the township, and arrangements have been made for the construction of a water-race through the fend for the purpose of working the ma--1 chinery. Efficient machinery, to the value of £1,500, has already been secured, which is capable of being worked by either steam or water power. . Taking into consideration tn© following facts:—l. That woollen goods are imported into the colony to a very large extent, on .which freight and an import duty of 16f ‘'per cent, have to be paid; 2. That the pima ‘quality and description of goods can be manufactured here at leas cost by using the locally-produced wool; 3. That .... the present New Zealand factories have L " met with 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 to the public. Objection might be taken to the small- , ness of the proposed capital as insufficient for carrying on the business on a lucrative scale, but the Provisional Directors, after full consideration of the matter, believe 1 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 amount, persons of limited means as well as capitalists will be 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 J ) As a large number of shares have already been applied for, early application is necessary. Prospectus and forms of application ... ( may be obtained from the Secretary, A shburton. ! ! The Share List will close on May 18th. , 228 a

RAKAIA. HOTEL. , ;:;"nio Undersigned (late of the Hurunui :l!r! Hotel) having taken the above Hotel, begs to, inform his friends and the travelling public generally that they will always find T -.tfierei". every comfort, combined with *' Ki ßpw«B of the choicest brands, etc. (^o^d' stabling. Saddle Horses and Buggies ■foe 1 hire, v ' wojig^j:<>_.• A; J. HOWELL, Proprietor. iirARKEE'S COMMERCIAL JaoiM/. HOTEL, -Bill "r, ~-::•- = . - ■ ■ CATHEDRAL SQUARE, •ileJ. til J CHRISTCHURCH. wrffi&jfj Warner "Begs to annonnco to his many friends in .-.ijCbfistohiirch and the adjoining Provinces that-having , vRE-ENTERED INTO POSSESSION CS the above Hotel, which has been entirely renovated, re-decorated, and refurnished in the latest style, he is now prepared to welcome his old friends and jV^jCgstdmers. ,ij ;./. , 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 apE orated, are entirely distinct from the otel portion of the building, thus insur- '.';, ing perfect privacy.

!i i_ A novelty in colonial hotel accommoda--i1 [ ■ will be available at “The Commer'cial ” in the shape of a " LADIES’ DRAWING-ROOM, Kept specially select and exclusively for Ladies. 1 A high-pressure water supply has been arranged for on the premises, and the ■Bath Rooms are fitted with every convenience for hot, cold, or shower baths at .^'anytime. Comment on the quality of the Liquors supplied at tee Commercial is unnecessary, as the cellar is under the special super-vision-of Mr W. F. Warner. The Hotel being most centrally situate, adjacent to the Cathedral, and within a teort distance of the Museum, Theatre, K ‘’ and other public buildings, and with a 1 'service to all parts of the suburbs *. ‘passing it at short intervals, renders it „ unequalled as a place of residence for • Vfamuies or commercial gentlemen visiting 5 ,’ Christchurch. ' *’ For 'the convenience of commercial 1 travellers sample rooms will be available. An excellent chef de cuisine has been engaged, and generally no pains will be spared to make the Commercial the lead- : > iqg jhotel in Christchurch. mpt attention will be given to uns. or letters applying for aparfc- ’ . W. F. WARNER, ; ’ Proprietor.

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http://paperspast.natlib.govt.nz/newspapers/AG18820503.2.14.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 626, 3 May 1882

Word Count
889

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 626, 3 May 1882

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