Page 1 Advertisements Column 6

Otago Daily Times, Issue 6192, 13 December 1881, Page 1

Prospeotuß. PROSPECTUS OF Till! KAIKORAI WOOLLEN- FACTORY COMPANY (LIMITED). n Capitaf, .. .. .. £40fl)C0, r, In 20,000 Shares of £-2 each, i'ayablo as follows, viz.:-5s on application, 5s on allotment; balance at intervals of not loss tliaii tnree montiia, aim m umouuo not exceeding 2i 6d per Share. It ia not anticipated that it will be iieccssaw to cdll up more tliftfi '£1 por share. All expenses attending tho formation of tho Company up to tho time of registration are to be borne by the present proprietors. Provisional Directors : THOMAS BROWN, Esq. (Messrs Brown, Ewing,"an<l Co.) ROBEIIT WILB.ON, Esq. (Messrs U. Wilson and Go ) JAMES IfAZLETT, Esq., J.P. (Messrs Mackcrras aud Hazlctt) ALEXANDER BROWN, Esq., Landowner, Oieen Island ROBERT BUOWNLIE, Esq., Dunedin ALEXANDER INGLIS, Esq. (Messrs A. and T. A. T. DUNNING, I3*q. Dunedin WILLIAM WATSON, Esq., Coal Merchant, Dunedin ALEXANDER MOLLISON, Esq., J.I1., Duneilin M. G. lIEELES, Ksi[. (Measra Hoolcs, M'Boath, and Co.) ALEXANDER WILLIAMSON, E*q., Kalkoral I. ISAACS, Esq. (Messrs Halluiistein Bros and Go ) JOHN W. MITCHELL, Esq., Mcrcha t, Invorcarglll JOHN LAINO, Esq., Landowner, Kaikorai JOHN DUTHIE, Esq. (Messrs MollUon, Duthio, and Co.) JAMES ROBIN, Esq., J.P., Dunedin. Bankers : THE BANK OF AUSTRALASIA. Brokois: MESSRS W. P. STREET & CO. This Company is projected for tho purposo of purchasing the proporjy of the Kaikorai Woollen Factory Company comprising the factory I uildings (which are extensive), plant, machinery, &c, together with about 6J acres of land, with frontages to Main Lower KaiIflirai and Brockvllle Roads, and all tho valuable water rights appertaining tlfx-reto. Tho Promoters hold a provisional agreement to purchase for tho Bum of £11,000 the above property, and attached thereto Is an inventory of tho plant, machinery, &c, together with valuations, which can be inspected at the office of the Company's Brokers. In view of the largo importation of woollen goods into tho Colony, which can be produced hero at a less cost by working up the wool grown in the province, tho saving of freight, the luj pur cent, import duty on the manufactured article, and tho fact that the factories at present established aro quite inadequate to supply tho incrcasinglocal demand - all tliesiyfclrcuinatances together point to the conclusion that the business to bo carried on mtiat prove highly profitable. With a ready markot thus assured, the Promoters have overy confldeneo in placing tho sharca before the' public. There aro at prcsont on tho premiaca two complete sots of machines for tho manufacture of avorv description of woollen goods; and with a view of increasing tho producing power rendered necessary for the Buccoasful and economical working of the factory, it is ihe intention of the Promoters to procure another complete set of machines, for which the existing driving power is moro than ample, and further to purchase the necessary apparatus for the fii ishiug O' tweeds. Tho Company would then possess, at a very low cost, and much loss than any ather company in the Colony haa expended for similar machiuery, a mill comploto in every respect, fitted with the most modern manufacturing appliances, and capable of producing every variety of woollen fabrics, including ttio heavior articles, such as blankets, plaidings, mauds, nip, hoaiory yarn,land tweeds, tho domand for tho latter boing very large and of a most remunorativo character. The money proposed to bo called up will not only bo ample for acquiring the property, and for the purchase of the additional machinery, but will leavo a good margin of working capital, which will place tho Company in a sound financial position, and avoid many oxponses which tho want of capital nocosaarily iucura. The present Proprietors have boon induced to sell their Interest solely for tho reason that a larger capital is roquirod for tho development of tho business than thoy are in a position to supply. Tho Promoters, in presenting thia venture to the public, need only point to the romarkablo success which lists hitherto attended the establishment of Woollen Factories in tho Colony, and they bollcvo, loeldng to tho exceptionally favourable terms on wlilch tho Kaikorai Mill property can bo acquired, that no nioro attractive investment than the above has yot been submitted to the public. Tho shares have beon mado ot small amount to onablo per«ona of limited meana.jis well as capitalists, an opportunity of investing in an undertaking which cannot fail to rotuvn a good r»to of iutorost, and at try which will build up tho prosperity of tho Colony... A larijo number of Bhares having already boon taken up, early application ia necessary. ProapoutußCS and Forma of Application at tho offlco of the Company's Brokors, Liverpool street, Dfincdln. 13d. Publio Oompanieu. TRANSATLANTIC FIRE INSURANCE COMPANY, And ITS RE-INSURING COMPANIES. Cash Capital .. .. £360,000. Tho abovo Company are ln a position to offui special advantages to Insurors, and ACCEPT RISKS at Lowest Rates. Losses settled promptly in Dunedin. R. & A. J. PARK, Savings Bank Building's, High strce't, Dunodln. 16s TTNION FIRE AND MARINE IN\J SURANCE COMPANY OF NEW ZEALAND. Capital _ _ £2,000,000 ' Paid-up Capital .. .. 76,000 Rbsbrvb Fund „ „ 87,600 FIRE AND MARINE INSURANCES EFFECTED on Every Description of Property at Lowest Current Rates. LOSSES SETTLE© PROMPTLY AND LIBERALLY. Horses, Cattle, Threahing Machines, Farm Implements, Stooks, Stacks, aud Risk of Threshing insured for any period, Dunedin Offlco h Btrcot. FHKDK. MALLARD, 4an Local Managor mHE NATIONAL INSURANCE COMPANY OF NEW ZEALAND. Local Oitiob Issues POLICIES against FIRE and MARINE Risks of overy description at Lowest Rates of Premium. OfPiCEa: Custom-house square, Dd.nkdis. lOd rriHE COLONIAL INSURANCE COMPANY OF NEW ZEALAND Paid-up Capital, £60,000. Rkskkvb Funds, £21,231. All clasaoa of Insurances effected at lowest current rates. Loßses promptly paid on adjustment of accounts. A. LEE SMITn, 16au Managor for Otago. ■RkTOETH BRITISH AND MiSBOANJi TILK INSURAHOS OOHPANY LONDON A:?D EDIKBUBUH. K3t» Jliahod I.BOP. Inoorpomtod by Boyel Ohaiiei. Capital «. » - £3,eG3,CCO eW!k.f. Pftldup .. .. - - £ 46(1,060 0 0 Fire Resorva Fund (1579) „ 1,145,170 0 0 Net Fire Premiums (137i>) ~ 802,870 0 3 Total Losses (1379) .. .. 477,14(14 8 Lowei* ittoe, and prompt cutilamontc ca the spoi MURSAY, ROBERTS, 8s CO., Chief Agonis for O'sgo .fend Boniiilaud, Also A(!»Dta for the Universal Marine Insusamie Com pony of London. FIRE INSURANCE. milE SCOTTISH IMPERIAL INSURANCE COMPANY. head office .. .. glasgow. Capital ~ .. £1,000,00.0. I am now prepared to accept FIRE RISKS on the most reasonable terms^ Office: Manso Btreet. J. B. MFDIE, 26i( Agon fflltS INSURAMC2. mHH AUSTRALIAN ALLIANOI ASE. STJIiANOK COMPANY (tiro, H-vrluo, nad aaavMtoeJ. Hot boln<; bound by Bay Surii!, vra ore ptspate lo accejiS S'iro Kicka at n.sosrnos-McVf bi nktm. Locaaa jiVoajitly paid in Duujdi.-s. BASTiWQSs LEABY, ft 00., Aiwts !o» i>tinadla Board and SBBideaoo. Cash advo?tl3cment3 umlor this head, not exocodlag fourteen worda, will.bo chp,rged SIXPSKOIi. "TTAOANCIES for fJENTLEMEN; also Prirate V Apartments for Ladies or Families.—Ashley Houso, llattray stroet. MARSHALL & OOPELAND QAVB BBKS AWABBKD FIRST PIUZK * AT SYDNEY, MELBOURNE, AND DUNEDIN EXHITIONS VOH PALE AMBER and PATENT MALT. ■■■•-••;-'" ' B<^JW|lie^ou;PaAa''Fpfg»ler^ vV '"