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Prospectus. T7~ P PROSPECTUS OF THE ASHBURTON Factory ‘COMPANY, LIMITED. Capital : £25,000, in 5,000 Shares op r > £5 EACH. Shillings on application. Ten Shillings on allotment, and the balance at Intervals of not less than three months. Provision al ; Mr E. G. Wrigh t „ J. Wilkin, Christichurch ; ki& H. Oram, Christchurch ~ D. Thomas, Christchurch ~ J. Carter „ Thomas Bullock ~ Joseph Clark . ~M. Stitt ■ ~0. E. Fooks ~ F, Mayo Directors ; Mr E. Saunders - - J. Ward John Orr A. W. ParsonsR. Friedlander D. M‘Lean , D. Oliver , J. Ivess , D. Cameron , ‘D. Williamson , A. Dawson , S. Saunders , W, Horne Bankers: Union Bank of Australia, Ash- ,, button. Solicitor; Mr. E. G. Crisp. Secretary (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 converting the wool into manufactured goods, and of selling such goods wholesale or otherwise. The promoters have arranged for the . purchase, at a reasonable price, of a »mt- ; able site with water power, on the bank ■of the Ashburton river, about three- ; quarters of a mile from the township, and arrangements have bean made for the construction of a water-race through the laud for the purpose of working the machinery. , , : Efficient machinery, to the value ot £ISOO, 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 bo paid; 2. That the * same quality and description of goods can -be manufactured here at less cost by - using the locally-produced wool; 3* That • the present New Zealand factories have .mot 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 IJ; the J public. ,11 . .Objection might bo taken to the small- " of the proposed capital as insufficient for carrying on the business on a lucrative scale, but the Provisional Directors, after full .consideration of tho matter, believe ■'‘tKSy have taken the wisest course, as, independently of other reasons, they believe that after tho 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. PAiLthe shares have been fixed at a small amount, persons of limited moans as well C( jas‘ capitalists will be enabled to invest in _l£ho.undertaking, which, in the course of .Ztime, is 1 calculated to yield a good interest on invested capital, and at the same timeicatablish a permanent industry in the large number of shares have already been applied for, early application is necessary. Prospectus and forms of application /imay be obtained from the Secretary, Ashburton. The Share List will close on May 18th. ; v'i ‘ 228 e Hotels. OUTH RAKAIA HOTEL. • The. Undersigned (late of the Hurunui ‘Hotel) baying; 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. , .Goodistabling; Saddle Horses and Buggies ■ ! '*&hire. • ' e ... A. J. HOWELL, Proprietor. EB’S COMMERCIAL HOTEL, CATHEDRAL square, CHRISTCHURCH. W. F. Warner feega fo’ announce to his many friends in Christchurch and the adjoining Provinces INTO POSSESSION m: the above Hotel, which has been entirely renovated, re-decorated, and refurnished in the latest stylo, he is now prepared to welcome his old friends and customers. iL THE BILLIARD SALOON Attached to the Hotel is unsurpassed by aqy 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 tho 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 A high-pressure water supply has been arranged for on the premises, and tho Bath Rooms are fitted with every conrenience for hot, cold, or shower baths at my-time. Comment on the quality of the Liquors applied at the Commercial is unnecessary, m the cellar is under the special superriaion of Mr W. F, Warner. The Hotel being most centrally situate, tdjacent to the Cathedral, and within a hqrt distance of the Museum, Theatre, Sd plher public buildings, and with a wiri * service to all parts of the suburbs iMqipg it at short intervals, renders it Equalled' as a place of residence for amilies or commercial gentlemen visiting Xhrtttchurcli; i _ For the convenience of commercial ravellera eample rooms will be available. ;An excellent chef ; do cuiainc has been ngoged, and generally no pains will be pared to inako the Commercial the leadsa hotel in Christchurch. Pwnt attention will be gjven ;to Iwnni or letters applying for apairtW. F. WARNER. Proprietor.

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http://paperspast.natlib.govt.nz/newspapers/AG18820508.2.17.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 630, 8 May 1882

Word Count
868

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 630, 8 May 1882

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