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rna Prospectus. -p R 0 S P E O TUS o Jfc OP THE ,R* '0 ff. t A SHBURTON Woollen Factory '' £ * COMPANY, LIMITED. Capital: £25,000, in 5,000 Shares of ,i- . £5 EACH. Ten Shillings on application, Ten Shillings on allotment, and the balance ac .‘"U intervals of not less than three months. Provisional f E;’G. Wright R; 1v:J:-'VVilkin,Christ-.chlirch •' .Oram,Christ- / church .in Thomas, Christchurch Carter „ Thomas Bullock ~ Joseph Clark „ M. .Stitt C. :E- Fooks . „ P. Mayo 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 -Hankers; Union Bank of Australia, AshR::- burton. r f .ShiApmm: Mr. E. G. Crisp. SibeiMti ijpfo fern.); Mr S. E. Poyntz. S-jtA TheCompanyis proposed to be, formed a -fdr the -establishment of a Woollen Factory, for the purposes of providing a local ; for wool grown in the district; of converting the wool into manufactured goods, and of selling such goods wholesale ,ot otherwise. • • ! ...t-The- promoters have arranged for the V rronjhase, atareaaonable price, of a suitb'«ble site with water power, on the bank > afi the Ashburton river, about threequarters of a mile from the township, and ? arrangements have been made for the conj -itrnotion of a water-race through the land fpr the purpose of working the ma- ■ ‘chinery. Efficient machinery, to the value of £1,600, has already been secured, which is capable of being worked by either steam or water power. Taking into consideration the following ' facts:—l. That woollen goods are imported Into the colony to a very large extent, on which freight and an import duty of 16$ ; per cent, have to be paid ; 2. That the aanie quality and description of goods can Bq hianufactured here at less cost by rising the ibcally-produced wool; 3. That the present New Zealand factories have 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 -Inky confidently submit this prospectus to the public. Objection might be taken to the smallness 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 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 tbes undertaking, which, in the course of ttwfe; is calculated to yield a good interest on invested capital, and at the same time establish a permanent industry in the ■colony. As a large number of shares nave already been applied for, early application is necessary.

Prospectus and forms of application may be obtained from the Secretary, A shbnrton. Shara'List will close on May 18th. 228 e Hotels. RAKAIA HOTEL. The Undersigned (late of the Hurunui Hotel) having taken the above Hotel, begs loinformhis friends and the travelling public generally that they will always find 4here.. -every /comfort, combined with civility and economy. Wines, Beer, and Spirits of the choicest brands, etc. Good stabling. Saddle Horses and Buggies for Mro* * * r - ■ '.) r.' ?' *oo "‘ A. J. HOWELL, Proprietor. WARNER’S COMMERCIAL HOTEL, CATHEDRAL SQUARE, CHRISTCHURCH. W. F. Warner Begs to announce to his many friends in Christchurch and the adjoining Provinces that having RE-ENTERED INTO POSSESSION Of the above Hotel, which has been entirely renovated, re-decorated, and re-' famished in the latest style, he is now prepared to welcome his old friends and customers. 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, 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. A high-pressure water supply has been arranged for bn the premises, and the Bath Rooms are fitted with every conveniences for hot, cold, or shower baths at any time. . Comment on the quality of the Liquors ■applied at the Commercial is unnecessary, asjhe cellar is under the special supervision of Mr W. F. Warner. The Hptel being most centrally situate, adjacent to the Cathedral, and within a short distance of the Museum, Theatre, and other public buildings, and with a tram servicOj-to all parts of the suburbs ..pantttelltratf short , intervals, renders it unroSaltod as a place of residence for tegfljep or,Commercial gentlemen visiting raifctobnrgh. vthe convenience of commercial travellers sample rooms will be available, fiynqllant chef de cuisine has been and generally no pains will be apppsd to make the Commercial the leadng.hfltel in. Christchurch. ’ jtoompt> attention will bo given to ttlegßwaejtbr letters applying for apart■llWlfaL W. V. WARNER, K6d TcJ on' ■ Proprietor.

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http://paperspast.natlib.govt.nz/newspapers/AG18820505.2.17.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 628, 5 May 1882

Word Count
873

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 628, 5 May 1882

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