Page 4 Advertisements Column 1

Patea Mail, Volume XII, Issue 55, 5 June 1899, Page 4

PROSPECTUS OP THE 15g;mo2it Woollen Coy,, > (Limited.) | S pital .. ••• ••• £o(),000 Divided into 10,000 Shares of £5 each ( f which 5000 are offered to the public), r-tyable as f Hows: —Ten shillings on applicatie..; t X shillings on allotment; -ach balancs i may be required by calls .. Iteu shillu < each, to be made at iuter- . als of notle than three months. It is anticipated that not more than £ ; > „ar Share will be required to be called t up. ’ i Provisional Directors —H. W. Sutton, -T.P., Etnwora (Chairman)’. F. McGuire, .r.H.lh, Ok.diiwa; It. H. Nolan, Auctioneer, Haw era; G. Syme, Proprietor Sash and Door Factory, Hawera; 11. W. Foreman, Grazier, President of A. and P. Association, Hawcra; F. Itiddiioid, Grazier, Hawera; AV. A. Parkinson, Proprietor Hawera and Normauby Star, Hawera; G. T, Bayly, Grazier, Mokoia ; Bradley Corrigan, Auctioneer, rvlaxiaia; James Boddie, Grazier, Eltbam; N. King, Auctioneer, New Plymouth; It- _A. Adams, J.P., Patea ;W.C. Byrnes, Grazier, Chairman of Patea County Council , Manntahi; R. B. Hamilton, Grazier, Mauutabi; Thos. Twigg, of Twigg and Co., Sash and Door Factory Proprietors, Hawera ; G. Inkster, Giazier, Nonnauby; John Heslop, Grazier, Chairman Hawera County Council, Okaiawa; S. Forsyth, Grazier, Pihama; J. L, Jo!l, Dairy Factory Proprietor, Okaiawa; C. E. Major, Mayor of Hawera, Laud Agent. Bankers (pro tern)— Bank of New Zealand. Solicitor (pro ucm)— Harry Carden. Office of Secretary —The West Coast Fanners’ Trading Association, Regent street, Hawera. THIS Company is Icing formed for the purpose of purchasing laud, water-rights, and machinery, of erecting suitable buildings, and for doing allotner things (subject to “The Companies Act, 1882,” and the Articles of Associati. n) which may be necessary for the establishment an.i 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, 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 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 (tlO.COO). 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 Ouelmoga) wherefore it appears to the Provisional Directors that a Mill centrally situated in the most progressive pait of the Island would have splendid prospect. The initial difficulties in the connection with iutroducingthe 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 mannfactursd article thoroughly well established, and also has the benefit of the experiences through which other undei takings have passed with more or less trouble. The promoters of the Bgmont 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 £lol*o 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 on this coast would give the sheepfaruiers 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 send Home for an up-to-date plant and proceed with the erection of buildings, No promotion money is to ba 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 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 investment and therefore confidently invite applications for shares. The Memorandum of Articles of Association of the Company, with agreements as to water-rights, Ac., can be inspected at the office of L. H. McAlpino and the fullest information may be obtained from him or from the Chairman. L. H. Me ALPINE, Honorary Secretary. Apxdicatious for shares may be made to the secretary. AUW i'UBLISIUvi) STONES’ WELLINGTON, HAWKE’S BAY, & TARANAKI DIKE CTO li Y AND EW ZEALAND A N NV A b ' 9 “~ Edited by John Btoxk. Demy Bvo, size, containing over 90U pages, together with Maps of Welling, ton and New Zealand, corrected to date—the whole handsomely bound in doth gilt-lettered. moB, ns era* STONE, SON & CCA, jykLers and Publishers Orawdford-Btreet, Dunedin. Hi IP r iliilwyL Cor Oi • HfHtcfewar part:;, and ftt-n therefore h-bS &g©L(iatof order than any other gas or Oil & mk feUilt Just liyht the burner, turn thej aifeiaiis all day. Ifc ma kes no smell, off simplicity it Beats thq V/ol’A M&self Automatically. Has SiO J9 ,CMr Electric, Smirk; mal rtU3B « Oil, |Siapply|| AUCKLAND,