Page 3 Advertisements Column 6

Ashburton Guardian, Volume V, Issue 1554, 16 July 1885, Page 3

Business t o AR WITH RUSS YV sent juncture it \ for any one ' exc pt a highest rank to say whi present negotiations betw Russia will lead to a g< war, or whether they wi The absence of full inforn is transpiring between tl may indicate that the p< blowing harmlessly past ; the awful silence which ge a storm. Jn either case, prepared for the worst, breaks out the price of net of commerce will rise, commodities, wool and lal Now is the time, therefo stock of clothing, before vance begins, la order th ' be caught napping we hav< a Splendid Assortment, of and other matetails nece; equipped tailoring establi w'i are prepared to offer s prices for cash. Regardinj it is almost needless for ui everbody knows, viz, thaf tific mode of catling, and cised by us in fitting the is an impossibility.— Ceai Merchant Tailors, Tancn QISSOLUTION OF FA

Funerals conducted at extremely mode rate charges. PROSPECTUS OF THE Ashburton woollen manufacturing COMPANY (LIMITED). (To be Registered under the Joint Stock Companies Act, 1882.) Capital L 30.000 (with power to increase to L 50,000), divided into shares of L 5 each. Provisional DireotorsGeorge H. Greenwood (Chairman) T Bullock, J.P. E. G. Crisp, Geo. Coleman J. Chalmers 0. T. Dudley, J.P 0. Dig by H. Friedlander,J.P. John Grigg, M. H. R. 0. J. Harper, J.P 0. G. Hawdon, J.P. A. Harrison G. Jenkins Geo.. Jameson lion. 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—-0. 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, pryingroom, 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 6.500 (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 less cost than any other Com pany iu 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 manu'acture 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 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 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; snd the balance will bo 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 the Secretary. 6 897