Page 4 Advertisements Column 1

Patea Mail, Volume XII, Issue 56, 7 June 1899, Page 4

PROSPECTUS OF THE Earnout Woollen Coy,. (Limited.) S.pital .. £50,000 Divided into 10,000 Shares of £5 each ( >f which 5000 are offered to the public), piyable a:, i Hows: —Ten shillings on applicatio .; b \ shillings on allotment; j-.ich balanrt nuay be required by calls ften shillic j each, to be made at iutor- • als of not is ,a than three months. It is anticipated that not more than £1 er Share will be required to be called up. Provisional Directors —H. W. Sutton, .T.P., Hawera (Chairman); F. McGuire, M.H.E., Okaiawa; li. H. Nolan. Auctioneer, Hawera; G. Syme, Proprietor Sash and Door Factory, Hawera; R. 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. Byrnes, Grazier, Chairman of Patea County Council, Manutahi; R. B. Hamilton, Grazier, Manutahi; Thos. Twigg, of Twiggand Co., Sash and Door Factory Proprietors, Hawera ; G. Inkster, Grazier, Normanby; John Hcslop, Grazier, Chairman Hawera County Council. Okaiawa; S. Forsyth, Grazier, Pihama; T. L. Joil, Dairy Factory Proprietor, Okaiwa ; C. E. Major, Mayor of Hawera, Lf.nd Agent Bankers (pro tern)—'B.-nk of New Zealand. Solicitor (pro wm)- Harry Caplen. Office of Secretary -The West Coast Farmers’ Trading Association, Regent 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, 1852,” 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 on the banks of the Tawbiti 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 sura 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 Mid of this description. Mills now established in the Colony are running full time and 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 with introducing the wooileu industry into New Zealand have long since been surmounted aud 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 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 an early stage the undertaking would become dividend-paying. A worsen mill on this coast would give the sheepfaraiers 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 be paid, no useless machinery or plant is to be taken over from anybody, and all subscribers will come into the Company on equal I terms. The full amount received from the sale of shares (less brokerage) will bo 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 aud j therefore confidently invite applications for shares. The Memorandum of Articles of Association of the Company, with agi'eemcnts as to water-rights, &c, ( can be inspected at the office of L. H. Me Alpine and the fullest information may be obtained from him or from the Chairman. L. H. McALPINE, Honorary Secretary. Applications for shares may bo made to The secretary. ivuvv I'unTGllMj STONES’ WELLINGTON, HAWKE’S BAY, & TARANAKI DIRECTORY AND E W ZEALAND ANNUAL S.S9B-©. Edited by John Stone. Demy Bvo, size, containing over 900 j pages, together with Maps of Welling. I ton and New Zealand, corrected te date—the whole handsomely bound in cloth gilt-lettered. DEICE, l£s €<L STONE, SON & CO M Driers and Publishers, { Orawdford-street, Dunedin. MOTIVE POWER, ft C3--A.JS or oa.’Ses .. ENGSISSiS Bttre fewar parts, aud are therefore OgefcOUtbf order than any other gas or oil, eUSMim Just light the burner, turn t&e WteWSft iferuns ftU clay, 11. m akes n<» smell “Simplicity at Beats the WJ|i nelf Automatically- Has no or Electric Spark, and rua« VJta&S p>JWdoof Shale Oil, AUCKLAND, w. Agmte tot New arcana.