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Prospectus. .. p o wJr-' SPEO T U S or THE ASHBURTON pollen Factory Company, limited. ; £25,000, in 5,000 Shares op £5 EACH. Ten Shillings on application, Ten Shills Uiigs on allotment, and the balance at . intervals of not less than three months. Provision ax. Mr E. G Wright „ J. Wilkin, ChristJ ’ church „ 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. Friedlander D. M'Lean , D. Oliver , J. Ivess , D. Cameron , D. Williamson , A. Dawscn , S. Saunders , W. Horne Bankers: Union Bank of Australia, Ash barton. Sot-icitor: Mr. E. G. Crisp. Secretary (pro tem .); Mr S. E. Poyntz. The Company is proposed to bo formed for the establishment of a Woollen Factory, for the purposes of providing a local market for wool grown in the district; of COiiVdrfciriEj th© wool into manufactured goods, and of selling such goods wholesale or otherwise. .;>:Tho 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 threO- ' quarters of a mile from the township, and ‘'"arrangements have been made for the construction of a water-race through the ■’Tand for the purpose of working the ma- ■ "Crhirifiry* 1 -Efficient machinery, to the value of £1 500, has already been secured, which ia capable of being worked by either steam -'orwater power. . 14 ' Taking into consideration the following - facts:—l. That woollen goods are imported ■•into the colony to a very large extent, on ■ which. Weight and an import duty of 16$ - per cent. have to be 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 • met with great success, but at the same time 1 are quite inadequate to the task of the increasing demand; and, 4. S; .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 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 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 a inpunt, persons of limited means as well as»capitalists will be enabled to invest in the Undertaking, which, in the course of time, ia calculated to yield a good interest oh invested, capital, and at the same time establish a permanent industry in the colony. , ... As w large number of shares have already been applied for, early application is necessary. r . .Prospectus and forms of application may be obtained from the Secretary, A ahburton. The Share List will close on May 18th. ■ J -f- 228 e Hotels. S' OUTH 'BAKAIA HOTEL. .The { Undersigned (late of the Hurunui Hotel ) hiving taken the above Hotel, begs tcvAnfdrm his friends and the travelling public generally that they will always find therelaevery comfort, combined with civility and economy. Wines, Beer, and Spirits of the choicest brands, etc. Good stabling. Saddle Horses and Buggies for hire, i e A. J. HOWELL, Proprietor. W ARNER’S commercial HOTEL, CATHEDRAL SQUARE, CHRISTCHURCH. Warner Bogs to announce to his many friends in Christchurch and the adjoining Provinces that having RE-ENTERED INTO POSSESSION Of the above'Hotel, winch has been entirely renovated, re-decorated, and refurnished in the latest style, ho 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 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, a»4h© eellar is under the special supervision of Mr W. F. Warner. The Hotel being most centrally situate, adjacent to the Cathedral, and within a short distance of the Museum, Theatre, and other public buildings, and with a Ickm service to all parts of the suburbs passing it at short intervals, renders it unequalled as a place of residence for families'Or commercial gentlemen visiting Christchurch. For , the convenience of commercial travellers sample rooms will bo available. An excellent chef do cuisine has been ettgaged, and generally no pains will be spated to make the Commercial the leadng hotel in Christchurch. Prompt attention will be given to fejtgwmw O. lotteis applying for apart- \.. W.JF. WARNERj ‘ Proprietor.

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http://paperspast.natlib.govt.nz/newspapers/AG18820509.2.17.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 631, 9 May 1882

Word Count
880

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 631, 9 May 1882

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