Page 4 Advertisements Column 1

Patea Mail, Volume XII, Issue 53, 31 May 1899, Page 4

- PROSPECTUS OF THE Egmont \Voollen Coy,. (Limited.) (fcpital .. ••• ••• £50,000 Divided into 10,000 Shares of £5 each which 5000 are offered to the public), payable at I Uows: -Ten shillings on applica®* b \ shillings on allotment; such balance 1 may be required by calls o iteu shillit J each, to be made at intervals of notls > than three months. It is anticipated that not more than £H per Share will be .required to be called up. Provisional Directors —H. W. Sutton, J.P., Hawera (Chairman); F. McGuire, Okaiawa; R. H. Nolan. Auctioneer, Hawera; G. Syme, Proprietor Sash and Door Factory, Hawera; R. W. Foreman, Grazier, President of A. and P. Association, Hawera; F. Riddiford, Grazier, Hawera; W. A. Parkinson, Proprietor Hawera and Nonnanby Star, Hawera; G. T. Bayly, Grazier, Mokoia; Bradley Corrigan, Auctioneer, Manaia; James Boddie, Grazier, Eltbam; N. King, Auctioneer, New Plymouth; R. A. Adams,J.P., Patea; W. C. Symes, Grazier, Chairman of Patea County Council, Manu» tahi; R. B. Hamilton, Grazier, Manutahi; Thos. Twigg, of Twigg and Co., Sash and Door Factory Proprietors, Hawera ; G. Inkster, Grazier, Nonnanby; John Heslop, Grazier, Chairman Hawera County Council, Okaiawa; S. Forsyth, Grazier, Pihama; T. L. Joll, Dairy Factory Proprietor, Okaiawa; C. E. Major, Mayor of Hawera, Laud Agent Bankers (pro tern) —Bank of New Zealand Solicitor (pro tern) —Harry Capleu. Office of Secretary -The West Coasl Farmers’ leading Association, Regent street, Hawera. THIS Company is being formed for the purpose of purchasing land, water-rights, and machinery, of erecting suitable buildings, and for doing all other things (subject to “ The Companies Act, 1882,” and the Articles of Association] which may be necessary for the establishment and 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 ou the banks of the Tawhiti Stream, near the point at which 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 necessary laud and also water rights, is under firm offer to the Company on advantageous terms A careful calculation of the cost oi buildings, machinery, and fixings in connection with the water-power show that a first class Two set Mill, which would be amply large to start with, can be erected and equipped with all necessary laboursaving 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 the Provisional Directors that there is undoubtedly room for a Mill of this description. Mills now estab* lished in the Colony are running full time aod'all are paying satisfactory dividends; and though there are ten at work ouly two of these are in the North Island (one at Petone, the other at Onehunga) wherefore it appears to the Provisional Directors that a Mill centrally situated in the most progressive part of the Island would have splendid prospect. The initial difficulties in the connection with introducing the woollen industry into New Zealand have long since been remounted and the risk minimised. A Mill starting now has the benefit of a colonial demand for the locally manufactured article thoroughly well established, and also has the benefit of the experiences through which 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 about £IOOO 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 au early stage the undertaking would become dividend-paying. A worsen mill ou this coast would give the sheepfarmers a market at their own doors and save them the charges of shipping, as it is estimated that 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 fiend Home for an up-to-date plant auc proceed with the erection of buildings, No promotion money is to be paid, nc useless machinery or plant is to be taker over from anybody, and all subscriber will come into the Company on equal terms. The full amount received from tin gale 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 in full (less brokerage). The Directors are strongly of opinion that this project is a safe im estment and therefore confidently invite applications for shares. The Memorandum of Articles of Association of the Company, with agreement? as to water-rights, &c., can bo inspected at the office of L. H. McAlpine and the fullest information may be obtained from him or from the ChairmanL. H. McALPINE, Honorary Secretary. Applications for shares may be made tc the secretary. i»OW PUBLISHED STONES’ WELLINGTON, HAWKE'S BAY, i TARANAKI DIRECTORY AND E W ZEALAND ANNUAL 1898-9. Edited by John Stone. Demy Bvo, size, containing over 90' pages, together with Maps of Welling toa and New Zealand, corrected tc date—-the whole handsomely bound ii cloth gilt-lettered. FRIGE, IZ& 6(1. STONE, SON & CO,, Friers and Publishers, Orawdford-etreet, Dunedin OTIVE POWER. or 1 ENGINES ► fiw* fewer parts, and ar® therefore leas j *' It Of order than any other S aS or oiler It. Just light the burner, turn tnej 101 l day. It makes no sniflll or ?Ucity it Beats >be Work f Automatically. HasjßO Electric Spark, and ran* > of Shale OU, AUCKLAND; oto for Nmp