WANGANUI WOOLLEN MILLS LIMITED

Dominion, Volume 13, Issue 209, 29 May 1920, Page 8

WANGANUI WOOLLEN MILLS LIMITED

Tta prospectus of the. Wanganui ■Woollen Mills, Ltd., appears oti p'uge 2 of this issue. The company is now ngisccred, over 30,000 shares having oeen subscribed in Wanganui and district to date, ' The provisional directors of the company ai'o all well-known men, and their names alone 6hould be sufficient guarantee that iJhe affairs of the company; will be fully protected by able administration. Shareholders will have the oppor. tunity. at the statutory meeting of the company, which the Companies Act, IDOS, requires to he held within three months of registration, of electing their own representatives to tho board. It is desired that intending investors should know that there arc no promoters' shares or loading of any description :.u connection with the company. Shareholders coming in now will be on tho ground floor. Several sites for ttio proposed woollen mills luive already been offered to the company, but no property lhas so far been acquired or agreements made to purchase. An opportunity se'dom occurs by wfiioh tho general pub Tic may invest in 6ucli sound business as is now offered. The prospeot3 of operating successful <voollen mills in "SVanganui aTO very great", anil the pubtic need have no misgivings os to a prosperous future. Tho application money is 2s. per Share, and unotner 2s. per share is required on allotment. The calls will not exceed 2s. per share, with 'intervals of at least three months between each' call. Applications for fowor tlboii 20 shares will not 150 received.

Tho establishment of a modern otid well-equipped woollen mill in Wanganui is gollig to add very materially to the importance and prosperity of the town. Experts describe Wanganui as being ideally situated for such a concern,. and with, amplo capital, which the town and country can well provide, tihere is every prospect of Mie mills boing second to nonfi !n tho whole of the Dominion.

Intending investors limy obtain oopie.s of tho piospcctus and memorandum of association and application forms from the chief broker, Afr. 1". M. Silk, of Messrs. Silk, llawortli, and Company, No, 44 Maria Ploce, or from any of the sub-brokers, as mentioned in iiho advertisement. .

Wim a view to a speedy realisation of the scheme; the provisional directors and brokers appeal to tlio general public to give their osstetance without delay. Time is money, and profit will be lost by procrnetlnation.—(Published by arrange- ; Kent.)