Page 4 Advertisements Column 5

Hawera & Normanby Star, Volume XXXVI, Issue 4285, 21 July 1899, Page 4

PROSTECTUS OF THE Egmont Woollen Company (Ltd) CAPITAL N £60,000 Divided into 10,000 Shares of £6 each (of which 6000 are offered to the public), payable as follows:— Ten shillings on .application ; ten shillings on allotment ; such balance as nz&y be required by calls of ten shillings each, to be made at intervals of not less than three months. It is anticipated that not more than £JJ per Bhare will be required to be called up. Provisional Direotors— fl. W. Button, J.P.r Hawera (Chairman); F. MoGuire, M.H.R., Okaiawa ; R. H. Nolan, Auotioneer, Hawera ; Or. Syme, Proprietor Egmont Sash and Door Factory, Hawera ; R. W. i Foreman, Grazier, President of A. and P. Association, Hawera; F. Riddiford, | razier, Hawera ; W. A. Parkinson, Proprietor Hawera and Normanby Star, Hawera ; G. T. Bayly, Grazier, Mokoia ; Bradley Corrigan, Auctioneer, Manaia ; James Boddie, Grazier, Eltham ; N. King, Auctioneer, New Plymouth : R. A. Adams, J.P., Patea ; W. O. Symes, Grazier, Chairman of Patea County Counoil, Manutahi ; E. B. Hamilton, Grazier, Manutaki ; Thos. Twigg, of Iwigg aud Co., Sash and Duor Faotory Proprietors, Hawera; G Inkster, grazier, Normanby; John Heslop, grazier, Chairman of Hawera Connty Council, Okaiawa; S. Forsyth, grazier, Pihama ; T. L. Joll, dairy factory proprietor, Okaiawa ; C. E. Major, Mayor of Hawera, land agent. Bankers (pro tern)— Bank of New Zealand Solicitor (pro tern*.-- Harry Caplen. Office of Secretary— The West Coast Farmers' Trading Association, Regent street, Hawera * , nnHIS Company is being formed JL ior the purpose of purchasing ! land, water-rights, and machinery, of erecting suitable buildings, and for doing all other things (subject to " The Companies A0t,1«82," and the Articles of Association) which may be necessary for the establishment aud equipment of a Mill for the manufacture of wool into all classes of goods to order or for sale. It is proposed to erect the Mill on the banks of the Tawhiti Stream, nsar the point at whioh it crosses the Tawhiti Road, and a distance of only one mile from Hawera Railway Station, The site, which is most convenient, together with other l ecessary land and also water rights, is under firm offer to the Company on advantageous terms. A careful calculation of the oost of buildings, machinery, acd fixings in connection with the water-power show that a first-class Two-set Mill, which would I c amply large to start with, can be erected and equipped with all necessary labor - saving machinery of the most modern type for the sum of Ten Thousand Pounds (£10,000). This includes site and water-rights and everything required to complete the Mill. It is believed by tho Provisional Directors that there is undoubtedly room for a Mill of this description. Mills now established in the Colony are running full time and all are paying satisfactory dividends; and though there are ten at work only two of these are in the North Island (one at Petone, the other at Onehunga) wherefore it appears to tho Provisional Direotors that a Mill centrally situated in the most progressive part of the Island would have a splendid prospect. The initial difficulties in connec tion with introducing the woollen industry into N°w Zealand have long since been surmounted and the risk minimised. A Mill starting now has the benefit of a colonial demand for the locally manufactured article thoroughly well estabhsned. and also has the benefit of the experiences though whioh other undertakings have passed with more or less ! trouble. The promoters of the Egmont Woollen Mill Company, Limited, lay great stress on the advantages it would enjoy in respect of the water-power it would possess. It is estimated on reliable authority that compared with the cost of a steam-driven two-set mill a saving of pbout £1000 a year would be made by the use of the water-power here at command. It is anticipated that the value of the annual output of the Mill would be £25,000, and that at | an early stage tho undertaking would become dividend- paying. j A woollen mill on this coast would I give the sheepfarmers a market at their own doors and save them the j charges of shipping, as it is estimated ; fhafc a considerable proportion of the wool used at the Mill would be of the coarser kinds locally grown. As soon as the necessary capital shall have been subscribed the | directors will send Home for an upi to- date plant and proceed with the . erection of buildings. j No promotion money is to be paid I no useless machinery or plant is to I be taken over from anybody, and all subscribers will come into tha Company on equal .terms. The full amount- received from the sale of shares (less brokerage) will be placed to the credit of the Company, and if the Company be not floated applicants' money will be returned j in full (less brokerage). J The Directors are strongly of opinion that this project; is a safe investment and therefore confidently invite applications for shares. Tho Memorandum of Articles of Association of tho Company, with agreements as to water-rights, &c, can be inspected at the office of L. H. McAlpine and tho fullest information | may be obtained from htm or from the Chairman. L. H. MoALPINE, Honorary Secretary. Applications for shared may be ; made to the- secretary. » i_ J ELTHAM-OPUNAKE COAOH. DAILY SERVICE. SEA RLE BROTHERS. Mail Coach runs daily between Awatuna aud Eltbaua. A coaoh also will run daily to Opunake from Awatuna, connecting with mail couch To Elth&m. Leaves Opunake at ... (5 a.m. Arrives at Awatuna ... 7.30 a.m. Arrives at Eaponga ... 8.80 a.m. Arrives at Etham (Oalgher's Hotel) ... 10 a.m. To Opunake. Leaves Calgher's Hotel ... 3.80 p.m. Leaves Eaponga ... 5 p.m. Leaves Awatuna ... 6.15 p.m. Arrives Opunake ... 8 pm. The coach connects with the 'morning train to Hawera and with the afternoon train from Hawera.