Page 4 Advertisements Column 1

Patea Mail, Volume XII, Issue 54, 2 June 1899, Page 4

PIIGSPECTUS OF THE Earnout Woollen Coy,. (Limited.) 9tpital ... ... £50,000 Divided into 10,000 Shares of £5 each (ol whiph 5000 are offered to the public), payable as! Tows: -Ten shillings on applicant 1 .; b \ shillings on allotment; such baknot 3 may be required by calls often shillif i each, to be made at intervals of notls •- than three months. It is anticipated that not more than £8 per Share will be required to be called up. Provisional Directors—H. W. Sutton, J.P., Hawera (Chairman); P. McGuire, Okaiawa; E. H. Nokn. Auctioneer, Hawera; G. Syme, Proprietor Sash and Door Factory, Hawera; E. W. Foreman, Grazier, President of A. and P. Association, Hawera; F. Eiddiford, Grazier, Hawera; W. A. Parkinson, Proprietor Hawera and Normanby Star, Hawera; G. T, Bayly, Grazier, Mokoia; Bradley Corrigan, Auctioneer, Manaia; James Boddie, Grazier, Eltbam; N. King, Auctioneer, New Plymouth; E. A. Adams, J.P., Patea; W. C. Symes, Grazier, Chairman of Patea County Council, Mann* tahi; E. B. Hamilton, Grazier, Mauutahi; Thos. Twigg, of Twiggand Co,, Sash and Door Factory Proprietors, Hawera; G. Inkster, Grazier, Normauhy; Jobn Heslop, Grazier, Chairman Hawera County Council, Okaiawa; S. Forsyth, Grazier, Pihama; T. L, Joil, Dairy Factory Proprietor, Okaiawa; C. E. Major, Mayor of Hawera, Laud Agent. Bankers (pro tern)— Bank of New Zealand. Solicitor (pro tem) --Harry Capleu. Office ofSecretary —The West Coast Fanners’ lading Association, Eegeut street, Hawera. THIS Company is being formed for the purpose of purchasing laud, 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 Tawbiti Stream, near the point at which it crosses the Tawbiti Bead, and a distance of only one mile from Hawera Eailway Station. The site ■which is most convenient, together with other necessary land and also water rights, is under firm offer to the Company on advantageous terms A careful calculation of the cost of 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 established in the Colony are running full time a"d 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 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 witL introducingtlie woollen industry into New 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 established, aud also has the benefit of the experiences through which other undertakings have passed with more or lass 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 an early stage the undertaking would become dividend-paying. A worsen mill ou this coast would give the sheepfuraiers 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 JMill 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 up-to-date plant and proceed with the erection of buildings. No promotion money is to be paid, no .useless machinery or plant is to be taken over from anybody, and all subscribers will come into the Company on equal terms. The full amount received from the sale of shares (less brokerage) will he placed to the credit of the Company, and if the Company be not floated applicants’ money will he returned in full (less brokerage). The Directors are strongly of opinion that this project is a safe int estment and therefore confidently invite applications for shares. _ The Memorandum of Articles of Association of the Company, with agreements as to water-rights, &c., can he inspected ' at the office of L. H. McAlpine and the fullest information may be obtained from him or from the Chairman. L. H. McALPINE, Honorary Secretary. Applications for shares may be made to the secretary. ———■mb— ■ mrM’TTira j AOVV rUßLlbiilO) STONES’ WELLINGTON, HAWKE’S BAY, & TARANAKI DIRECTORY AND E W ZEALAND ANNUAL 1898-9. Edited by John Stone. Demy Bvo, size, containing over 900 ]pages, together with Maps of Welling, ton and New Zealand, corrected t;> date—the whole handsomely bound in cloth gilt-lettered. PRICE, l&s 6cL STONE, SON & CO,, Pr-riers and Publishers, > Orawdford-streot, Dunedin MOTIVE POWER. &AS or OSSis ENGINES JEESVS fewer parts, and are therefore less MS lof order than any other gas or oil ehK Just Sight the burner, turn the WE jedl day. Itmakesno smell Of iplicity it Beats the Wotlt alf Automatically. Has no O OK Electric Spark# and root r of Shale Oil, }MASEFiaom AUCKLAND. for New Zadayl,