Page 7 Advertisements Column 7

Taranaki Herald, Volume LXVIII, Issue 16761, 10 June 1920, Page 7

PROSPECTUS. ABRIDGED PROSPECTUS OE (THE WANGANUI WOOLLEN MILLS LIMITED (INCORPORATED UNDER “THE COMPANIES ACT, -1908,”); CAPITAL CAPITAL REGISTERED OFFICE: 44 MARIA PLACE, W&NGANUIj NfZ, In 200,000 shares of £1 each, of which 120,000 now offered to the public for subscription on the following terms; —2g per share on application, 2s per share on allotment, and the balance in calls of not more than 2s per share, which are only to be made payable with an interval of at least three calendar months between the date of allotment and the first and, thereafter with intervals of at least three calendar months between rtaoh call. PROVISIONAL DIRECTORS: 1. IV. J. POLSON, of Wanganui, Farmer, Director for N.Z. of Bristol and Dominion Producers’ Association. 3. JOHN STEVENSON, of Wanganui, Manager of The N.Z. Loan and Mercantile Agency Company, Ltd. 3. G. N. BAGGETT, of Wanganui, Managing Director of the Simplex Milking Machine Company, Ltd. 4. ALLAN ROBINSON, of Wanganui, Farmer, Chairman of tho Wanganui County Council. 5. PERCY HIGGINBOTTOM, of Wanganui, Managing Director of Purser’s, Ltd., Furnishers. 6. S. M. DAVIS, of Wanganui, Director of Freeman R. Jackson and Co., Ltd., Stock and Station Agents, Wanganui. 7. G. L. MARSHALL, of Marion, Farmer, President of the Wellington Provincial Farmers’ Union. 8. J. A. DOHERTY, of Wellington, Merchant Tailor. Who will hold office until tho conclusion of the statutory meeting, at which the permanent directors will be appointed. BANKERS: THE NATIONAL BANK OF NEW ZEALAND, LTD. i SOLICITORS: MARSHALL, HUTTON, AND IZARD, Wanganui. INTERIM SECRETARY AND BROKER: E. M. SILK, F.1.A., N.Z., of Silk, Haworth and Company, 44 Maria Place, Wanganui. INTERIM AUDITOR: HAROLD HAGUE SMITH, A.P.A., N.Z., Wanganui. BROKER: J. S'. S. MEDLEY, New Plymouth. MINIMUM SUBSCRIPTION. Tho minimum subscription on which the Directors may proceed to allotment is thirty thousand '.shares; hut prior to the issue of this Prospectus or any offer of shares to the public, shares amounting to such mimimum subscription had already been applied for. OBJECTS. The Company has been formed for the purposes of establishing a Woollen Mill in or near W'anganui and elsewhere as may nb considered advisable from time to time by the Directors, and to carry on the businesses of Woollen Manufacturers and any other businesses provided for by the Memorandum of Association. GENERAL. Wanganui offers an admirable situation for the establishment of a Woollen Mill. It is the outlet for a large wool-growing district from which annually largo quantities of wool are exported. Conveniently situated with regard to railway system for collection of raw material and the distribution of its products, and with tho development of the harbour and shipping, it may Be expected to be a similarly convenient port with regard to coastal and overseas imports and exports. Its population is now .approaching 22,000, its development is rapid, and it promises to he a centre of a largo and evergrowing population. ' The Borough Council of Wanganui has been approached as to the supply of electric power, and has replied that by the time a Mill may be expected to be ready to commence operations, the Council anticipates being able to sell such power as would bo required by the Mill. This constitutes a : great inducement to the establishment of the Mill in Wanganui within reach of such power. Ample water for tho use of a Mill is ' also available in Wanganui. In New Zealand the existing Mills are quite unable to cope with the demand for woollen goods. There is, therefore, an ample opening for the establishment of such a Mill in Wanganui. Unlike most now ventures there is absolutely no Loading in connection with this Company. All the Capital subscribed, except preliminary, expenses and brokerage undermentioned will be employed in erecting and_ equipping the Mill or Mills. No Director has any interest in the promotion of the Company apart from tho shares he subscribed for, for which he will pay cash. Tho three existing woollen manufacturing companies in the Dominion are in a flourishing condition, as the prices of the shares, as shown below, indicate; and the promoters confidently look for - n similarly successful career for this Company. Name of Company. 1 Paid up. Market prico at April 27,1920 Kaiapoi Woollen Manufacturing Co., Ltd. £5 Qs £loos Od (buyers, no sellers) Mosgiel Woollen Factory Co., Ltd. £3los £6l7s 6d (buyers, no sellers) Wellington Woollen Manufacturing Co., Ltd. £4 10s £9 16s Od (buyers, no sellers) The preliminary expenses of, and incidental to, the promotion and estabTishment of the Company and until the Company shall bo entitled to commence business (exclusive of brokerage or commission on sale of shares) are estimated to amount to Five Hundred Pounds, and will be paid by the Company. Application for shares may he sent, together with the amount payable on application, to tho Company’s Interim Secretary or to any of the Provisional Directors or other persons authorised by the Directors to receive applications. If no allotment is made the deposit will be returned in full, and if the number of shares allotted 1 on any application is less than the number applied for the balance of tho application money will be applied in reduction of the allottee’s future liability on the shares allotted. Applications will not be received for less than 20 shares. Dated this Nineteenth Day of May, 1920. FORM OF APPLICATION FOR SHARES. TO THE PROVISIONAL DIRECTORS OF WANGANUI WOOLLEN MILLS,: LTD. REGISTERED CAPITAL: £200,000, DIVIDED.INTO 200,000 SHARES OF £1 EACH. REGISTERED OFFICE: 44 MARIA PLACE, WANGANUI* Gentlemen, ♦ I hereby authorise you to allot me Shares in the above-named Company in terius of the Prospectus issued' in relation to the said Company dated the Nineteenth day of May, 1920, and I hereby agree to accept the same or any less number of Shares that may he allotted to me. 1 am paying the sum of ~ being tho amount payable on application for the sfiid Shares (2s per shard), and I agree to pay a further sum of 2s per share on allotment and the balance as provided by the said Prospectus. And I request and authorise you to register me as the holder of the Shares so allotted. Name in fill! Postal Address aqe...*.-..1*0:1,» Description or Occupation .uu....m...»■>&...e.>,.c... Father’s Full Name....m*...t0............ Birthplace of Father. Mother’s Full Maiden Name ..... Birthplace of Mother Date Signature .... 1 hereby certify that the above particulars are correct. jfotc.—ln filling in Birthplace it is sufficient to name the Country, and there is no need for particulars of town or county. Information required under the WarRegulations ■- please fill in above Application Form for number of Shares required and forward direct, with cheque or money-order, to— MB. J. S. S. MEDLEY, Sharebroker, Egmont Street, New Plymouth. Or to— MR. E. M. SILK, Sharebroker, Wanganui. Or io—.’NY BRANCH OF THE NATIONAL BANK OF. NEW ZEALTDj _