Page 3 Advertisements Column 5

Ashburton Guardian, Volume V, Issue 1548, 9 July 1885, Page 3

Business iso WAR WITH RUSS] sent juncture it v for any one except a highest rank to say whe present negotiations betw Russia will lead to a gc war, or whether they wi The absence of full inform is transpiring between tl may indicate that the pc blowing harmlessly past; the awful silence which ge a storm. In either case, prepared for the worst, breaks out the price of nes of commerce will rise, commodities, wool and lal Now is the time, therefo stock of clothing, before I ranee begins. In order th be caught napping we have a Splendid Assortment of and other materails neces equipped tailoring eatabli wo are prepared to offer at prices for cash. Regardinj it is almost needless for uc everbody knows, viz, that tifio mode of cutting, and cised by us in fitting the I is an impossibility.— Orak Merchant Tailors, Tancn

seasoned furniture of all kinds, ironmongery, crockery, etc., will be cleared out at HALF-PRICE. All debts owing must forthwith be paid to J. 0. DUNCAN, agent, or to JOHN MEEOH ; either of whose receipts will b a sufficient discharge. ri Funerals conducted at extremely mode rate charges. PROSPECTUS OF THB Ashburton woollen manufacturing COMPANY (LIMITED). (To be Registered under the Joint Stock Companies Act, 1882.) Capital L 30.000 (with power to increase to LOO,000), divided into shares of L 5 each. Provisional Directors— George H. Greenwood (Chairman) T Bullock, J.P. E. 6. Crisp, Geo. Coleman J. Chalmers 0. T. Dudley, J.P. 0. Din by H, Friedlander,J.P. JohnGrigg, M.H.R. 0. J. Harper, J. l> . 0. G. Hawdon, J.P. A. Harrison G Jenkins Geo. Jameson Hon. J. McLean J. Orr C. W. Purnell Dr Ross G. Scott D. Thomas E. G. Wright D. Williamson J. Ward Robert Wilkin, J.P. Bankers—Bank of New Zealand Solicitor—o. W. Purnell. Secretary—Alfred Bunting. The Provisional Directors, having arranged for the purchase of the land, buildings, and woollen manufacturing machinery lately belonging to the Ashburton Woollen Factory Company, have decided to form a Company for the purpose of completing the work and commencing the manufacture of woollen goods as early as possible. (a) The section of land on which the buildings are erected faces the main road from Ashburton to Mount Somers, and contains seven acres of freehold, distant miles from the Ashburton railway station, and in every way well suited to the purpose for which it has been selected. (b) The buildings, which are of brick and exceedingly well built, Include engine-house, boiler-house, dryingroom, main mill-room (200 ft x 80ft), mechanic’s shop, woolshed, dyehousestorerooms and offices. (c) The machinery includes 36-h.p. engine and boilers, wool-scouring machines, scribblers and condensers, mules, twisting frame, looms, milling and finishing machinery, all quite new and of the latest English design. The land, buildings and machinery are jffered to the public for L 5.500 (being £B,OOO less than the actual original cost). To connect the shafting with the engine and machinery, which is now being done, and to put the whole into thorough working order, an expenditure not exceeding LIOOO may be required ; the Company will then have a Factory complete in every respect, fitted with the moat modern appliances, at two-thirds loss cost than any other Company in the colony ; the total cost not exceeding L6,&00. Mr Greenwood, who is at present acting as chairman, has had large experience in the manufacture of woollen goods in England and is well acquainted with the requirements of the colony. Under his supervision the machinery is being placed in position, to be ready for active operations when the next clip of wool comes to hand in October next. Other 1 actoriea in the colony, started under much less favorable auspices, are now paying with regularity dividends of 10 per cent, as well as placing substantial amounts to their respective reserve funds. It is, therefore, with much confidence the Provisional Directors recommend the undertaking to the public as a thoroughly sound and safe investment. The Provisional Directors have already subscribed for LIO.OOO worth of shares, and now invite applications for the remainder. Five shillings per share will be payable on application ; five shillings per share on allotment; and the balance will be called up as occasion may require, at the rate of five shillings per share, at intervals of not less than two months. Applications for shares will be received by any of the Provisional Directors, the Company's bankers, or by (he Secretary. 6 867