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Prospectus. ROSPEOTUS OF THE ASHBURTON Woollen Factory COMPANY, LIMITED. Capital : £25,000, in 5,000 Shares of £5 EACH. '• Ten Shillings on application, Ten Shil- • ■ lings on allotment, and tho balance at intervals of not less than three months. Provisional Mr E. G. Wright ~ J. Wilkin, Christchurch „ 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. Dawson ~ S. Saunders ~ W. Horne Bankers: Union Bank of Australia, Ashburton. Solicitor; Mr. E. G. Crisp. Secretary (pro tern.): Mr S. E. Poj’ntz. 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, ah a reasonable price, of a snit- . able 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 ma- , 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 tho following facts:—l. That woollen goods are imported into tho colony to a very large extent, on which freight and an import duty of IG£ per cent, have to he paid ; 2. I hat the same 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 • 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, in- • dependency 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 intei rest on invested capital, and at the same time establish a permanent industry in the colony. As a largo number of shares have already been applied for, early application is necessary. • Prospectus and forms of application nay be obtained from the Secretary, A shaurton. . The Share List will close on May 18th. 228 e Hotels. 8 OUTH RAKAIA HOTEL. h The Undersigned (late of tho Hurunui 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. Good stabling. Saddle Horses and Buggies for hire. ‘ O A. J, HOWELL, Proprietor. ARNER’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 refurnished in tho latest stylo, ho is now prepared to welcome his old friends and customers. THE BILLIARD SALOON .Attached to the Hotel is unsurpassed by any other in tho 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 Ladies. A high-pressure water supply has been rranged for on the premises, and the )Ath Rooms are fitted with every conenience for hot, cold, or shower baths at ny time. Comment on the quality of the Liquors upplied at the Commercial is unnecessary, *'the cellar is under tho special superiaion of Mr W. F. Warner. The Hotel being most centrally situate, djacent to the Cathedral, and within a hort distance of the Museum, Theatre, ad other public buildings, and with a ram service to all parts of tho suburbs jigging it at short intervals, renders it inequalled as a place of residence for iihuies or commercial gentlemen visiting Ihristchurch. For the convenience of commercial ravellera sample rooms will bo available. An excellent chef de cuisine has been pgaged, and generally no pains will be pared to make the Commercial tho leadig hotel in Christchurch, Prompt attend, n will be given to j.graips or lotteia applying for apartjilts* W. F. WARNER, Proprietor.

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http://paperspast.natlib.govt.nz/newspapers/AG18820510.2.18.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 632, 10 May 1882

Word Count
877

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 632, 10 May 1882

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