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Prospectus. p If 0 S P E C TUS OP THE AS HBU RT O N Woollen Factory COMPANY, LIMITED. Cafttal : £26,000, in 5,000 Shares of £5 EACH. . Tan Shillings on application, Ten Shillings on allotment, and the balance at intervals of not less than three months. Provisional Mr E. G. Wright „ J. Wilkin, Christchurch f , H. Oram, Christchurch „-D. Thomas, Christchurch ft J. Carter Thomas Bullock „ Joseoh Clark „ M. Stitt „ O. B. Books „ F. Mayo Directors: Mr E. Saunders J. Ward , John Orr , A. W. Parsons , R, Friedlander , D. M'Lean , D. Oliver , J. Ivess , 1). Cameron , D. Williamson , A. Dawson , S. Saunders . W. Horne Bankers: Union Bank of Australia, Ashburton, Solicitor; Mr. B. G. Crisp. Secretary (pro tem.): Mr S. E, Poyntz. The Company is proposed to ha formed, for the establishment of a \Voolleu 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 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 ma ohinery. Efficient machinery, to the value or £1,500, 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 16J • per cent, have to bo paid ; 2. That the same quality and description of goods can be manufactured here at less cost by nsing 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 groat 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. Obje stion 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 interest on invested capital, and at the same time establish a permanent industry colony. , ' * As a largo number of shares have already been applied for, early application is necessary. Prospectus and forms of application may be obtained from the Secretary, A shburton. The Share List will close on May 18 th. 228 e Hotels. S' OUTH RAKAIA HOTEL. The Undersigned (late of the 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, Baer, and Spirits of the choicest brands, etc. Good stabling. Saddle Horses and Buggies for hire. e 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 refurnished 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 on the premises, and the Bath Rooms are fitted with every con- ; yenienco for hot, cold, or shower baths at any time. Comment on the quality of the Liquors •applied at the Commercial is unnecessary, as tho cellar 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, sad other public buildings, and with a iram service to all parts of the suburbs passing it at short intervals, renders it unequalled as a place of for families or commercial gentlemen visiting Christchurch. For the convenience of commercial travellers sample rooms will ho available. An excellent chef de'cuisine haa been engaged, and generally no pa.ns will bo •pared to make the Commercial tho leadjig hotel in Christchurch. Prompt attemn n will be given to tob gnrmr, or letters applying for apart- * ; / W.F, WARNER, . Proprietor,

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http://paperspast.natlib.govt.nz/newspapers/AG18820513.2.20.1

Bibliographic details

Page 4 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 635, 13 May 1882

Word Count
885

Page 4 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 635, 13 May 1882

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