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Prospectus. P 0 S P E OF THE CT U S ASHBURTON Woollen Factory COMPANY, LIMITED. APITAL : £25,000, in 5,000 Shares of £5 EACH. Ten Shillings on application, Ten Shillings on allotment, and the balance ah intervals of not less than three months. Provisional Mr E. G. Wright ~ J. Wilkin,Christchurch j, H. Oram, Christchurch „ D. Thomas, Christchurch ~ J. Carter „ Thomas Bullock ~ Joseph Clark „ M. Stitt „ C. E. Fooks „ F. Mayo Directors: Mr E. Saunders ~ J. Ward ~ John Orr „ A. W. Parsons ~ R. Friodlander ~ D. M'Loan ~ D. Oliver ~ J. Ivess ~ D. Cameron ~ D. Williamson ~ A. Dawson „ S. Saunders „ W. Horne Bankers: Union Bank of Australia, Ashburton. Solicitor; Mr. B. G. Crisp. Secretary (pro fern.): 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 converting the wool into manufactured goods, and of selling such goods wholesale i or otherwise. 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 land for the purpose of working the machinery. 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 the following facts:—!. That woollen goods are imported into the colony to a very large extent, on which freight and an import duty of 16J per cent, have to be paid ; 2. That the same quality and description of goods can . be manufactured here at less cost by rming the locally-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 may 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 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. As a large number of shares have already been applied for, early application is necessary. 1 Prospectus and forms of application may be obtained from the Secretary, A shburton. 1 The Share List will close on May 18th. 228 e Hotels. RAKAIA HOTEL. . ‘i' * The - Undersigned (late of the Hurunui i 7 Hotel) having taken the above Hotel, begs to inform his friends and the travelling public generally that they will always find there every comfort, combined with civility and economy. Wines, Beer, and Spirits ,of the choicest brands, etc, Opod stabling. Saddle Horses and Buggies for hire. . - 6e A. J. HOWELL, Proprietor. ARNBR’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- * furnished 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 apS Dinted, are entirely distinct from the otel 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 on the premises, and the .'.'Bath Rooms are fitted with every convenience for hot, cold, or shower baths at ... any time. * Comment on the quality of the Liquors Supplied at the Commercial is unnecessary, T as the cellar is under the special supervision of Mr W. F. Warner. The Hotel being most centrally situate,' , f adjacent to the Cathedral, and within a 4 >h»rt distance of the Museum, Theatre, . t end, Other public buildings, and with a J ‘ service to all parts of the suburbs short intervals, renders it as a place of residence for tea or commercial gentlemen visiting Christchurch. ■For the convenience of commercial travellers sample rooms will be available, u .An excellent chef de cuisine has been =., engaged, and generally no pains will be •pared to make the Commercial the leadng hotel in Christchurch. , (Piompi attention will bo given to I gyypw Off; letters applying for apartilWlft 1 plow* WARNER, I ' '• Proprietor.

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http://paperspast.natlib.govt.nz/newspapers/AG18820506.2.19.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 629, 6 May 1882

Word Count
886

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 629, 6 May 1882

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