Page 3 Advertisements Column 5

Ashburton Guardian, Volume V, Issue 1552, 14 July 1885, Page 3

Business j o AR WITH RUSS vv sent juncture it i for any one except a highest rank to say whi present negotiations befcw Russia will lead to a gi war, or whether they wi The absence of full inforn is transpiring between tl may indicate that the pi blowing harmlessly past; the awful silence which ge a storm. In either case, prepared for the worst. breaks out the price of nei of commerce will rise, commodities, wool and lal Now is the time, thereto stock of clothing, before ■ vanca begins. In order th be caught napping we haw a Splendid Assortment of and other materails necea equipped tailoring establi wo are prepared to offer t prices for cash. Regarding it is almost needless for ui everbody knows., viz, that 1 tifio mode of cut' ing, and cised by us in fitting the is an impossibility.— Ckai Merchant Tailors, Tancr jysSOLUTION OF PA

Funerals conducted at extremely mode rate charges. PROSPECTUS OF THE ASHBUR >ON WOOLLEN MANUFACTURING COMPANY (LIMITED). (To be Registered under the Joint Stock Companies Act, 1882.) Capital L 30.000 (with power to increase to Lst>,ooo), divided into shares of Lu each. Provisional George H. Greenwood (Chairman) T Bullock, J.P. E. G. Crisp, Geo. Coleman J. Chalmers 0. T. Dudley, J.P. O. Dieby H. Friedlander,J.P. J ohnGrigg, M. H, R. 0. J. Harper, J. R 0. G. Hawdon, J.P. Robert Wi Bankers —Bank Solicitor —C. Directors— A. Harrison G Jenkins Geo. Jameson Hon. J. McLean J. Orr 0. W. Purnell Dr Rosa G. Scott D. Thomas E, G. Wright D. Williamson J. Ward Ikin, J.P. of New Zealand 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 LB,OOO less than the actual original coat). 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 most modern appliances, at two-thirds lees cost than any other Company io the colony j the total cost not exceeding L 6,500. 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 reaay for active operations when the next clip of wool comes t® hand in October next. Other Factories 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 the r 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 invito applications for the remainder. Five shillings per share will be payable on application ; five shillings per share on allotment ; sud the balance will be called up as occasion may require, at tho rate of five shillings per share, at intervals of not less than two mouths. Applications for shares will be received by any of the Provisional Directors, tho Company’s bankers, or by the K«oretary i 5 867