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Prospectus. P ROSPEOTUS OF THE ASHBURTON Woollen Factory COMPANY, LIMITED. ' Capital : £25,000, in 5,000 Shakes of £5 EACH. Ten 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 „ H. Oram, Christchurch ~ D. Thomas, Christchurch ~ J. Carter ~ Thomas Bullock ~ Joseph Clark ~ M. Stitt „ O. E. Fooks „ P. Mayo Directors: Mr E. Saunders J. Ward John Orr A. W. Parsons R. Friedlander D. M'Lean i D. Oliver J. Ivess , D. Cameron , D. Williamson , A. Dawscn , S. Saunders W. Horne Bankers : Union Bank of Australia, Ashburton. Solicitor; Mr. E. G. Crisp. Secretary (pro tern. ): Mr S. E. Poyntz. The Company is proposed to be formed ..'..or the establishment of a Woollen Facj , ory, 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 three- ’ quarters 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:—l. That woollen goods are imported into the colony to a very large extent, on which freight and an import duty of 16£ percent, have to bo paid ; 2. That the same quality and description of goods can bo manufactured hero 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 are quite inadequate to the task of supplying the increasing demand;’and, 4. That the proposed factory would have a r 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 j colony. • As a largo number of shares have j already been applied for, early application j necessary. Prospectus and forms of application may be obtained from the Secretary, A shburton. The Share List will close on May 18th. 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, Beer, and Spirits of the choicest brands, etc. Good stabling. Saddle Horses and Buggies for hire. e A. J. HOWELL, Proprietor. w ARNER’S COMMERCIAL HOTEL, CATHEDRAL SQUARE, CHRISTCHURCH. W. F. Warner B a 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 en tirely renovated, re-decorated, and re furnished in the latest style, he is nov prepared to welcome his old friends anc customers. THE BILLIARD SALOON Attached to the Hotel is unsurpassed by any other in the Colony, containing three tables specially imported from Eng- ' land 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 bo available at “The Commercial ” in the shape of a LADIES’ DRAWING-ROOM, Kept specially select and exclusively for : Laoies. 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 'anytime. Comment on the quality of the Liquors •applied at the Commercial is unnecessary, as the cellar is under the special supervision of Mr W. F. Warner. . The Hotel being most centrally situate, fdjacent to the Cathedral, and within a £hort distance of the Museum, Theatre, gad other public buildings, and with a £nun service to all parts of the suburbs jjiisßUig it at short intervals, renders it unequalled as a place of residence for famines or commercial gentlemen visiting pbristchurch. fpKor the convenience of commercial travellers sample rooms will be available. t An excellent chef do cuisine lias been .{engaged, and generally 1:0 pains will he spared to make the Commercial the leadjig hotel in Christchurch. attention will be given to ftjh.crams or letters applying for apartB* - * , W. F. WARKER, Proprietor. 1' ' f & ’yfe-J

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Page 2 Advertisements Column 1, Ashburton Guardian, Volume III, Issue 636, 15 May 1882

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Page 2 Advertisements Column 1 Ashburton Guardian, Volume III, Issue 636, 15 May 1882

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