SOUTHLAND INDUSTRIES.
[l'Y.on Our Correspondent.] INVERCARGILL, March 23
Southland’s rapid development which is reflected in the growth of Jnvercnrrri]l and most of tho inland towns has ijeen mainly due to the richness and extent of its agricultural territory. This fact lias impressed outside observers,’ who have expressed surprise that manufacturing industries do not play a larger part in the business of the south. There are ample supplies of good coal and raw material, and it only requires the co-operation of the capitalist to onen up new avenues of activity that will prove profitable and give employment to largo numbers. Sue]) prospects now appear to be opening up The Rostdale rope and twine mills have just been purchased by Messrs Donaghy and C'o.. the leading manufacturers m Australasia. A “News” reporter was informed that the firm lias extensive business connections abroad, and with abundance of raw material on the spot to operate on it should be able to extend its outside markilts and thus infuse new life into the flax industry. A prospectus is to bo issued with the object of forming the Eosodale. woollen mills into a public company, with a capital of £25.000. Included in the prospectus will be a scheme to cstalv lisb a clothing factory in Invercargill, and to work on similar lines to Roslyn, Ka-iapoi and oilier mills. Under 'skilful managefiient there is no reason why these two industries should not develop into large labour-employing concerns.
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Bibliographic details
Lyttelton Times, Volume CXV, Issue 16507, 24 March 1914, Page 10
Word Count
240SOUTHLAND INDUSTRIES. Lyttelton Times, Volume CXV, Issue 16507, 24 March 1914, Page 10
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