The Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. MONDAY, MAY 21, 1883. A WOOLLEN FACTORY.

Manawatu Standard, Volume 4, Issue 140, 21 May 1883, Page 2

Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. MONDAY, MAY 21, 1883. A WOOLLEN FACTORY.

Wic see by the Wellington papers that circulars have been issued inviting cooperation iii starting a Woollen Factory m Wellington, and a meeting of promoters and sympathisers is called for tO'day. - -■ A Wellington- contemporary remarks ;— One gratifying ieatnre m the present movement is. that so important a project is not left to the speculative promotion of persons having little interest m the district, but- that capitalists ; of old standing- m Wellington, and ' whose interest m the progress of the place is ot the most substantial kind, are now taking the initiative m inviting citizens l and district residents to join m starting the longxdesired Woollen Factory m this centre of commerce and industry. It will be sufficiently evident that the longer this project is delayed, the more difficult ib will be to create a local and coastal market for manufactured woollen materials, because of the increasing success and the extending connections of similar factories; m th<y South Island. A series of resolutions are to be submitted at Monday's meeting for establishing the Company and electing a provisional directorate. The proposed capital is £100,000,l 00,000, m 20,000 shares of £5 ; the calls to be at easy The provisional Committeealready formed is so numerous and ] influential as to guarantee the success of this present- effort to start a desirable and certainly important local industry. There is no reason whatever why Pal- | merston should not aißo be moving m j the same direction. There is not m the County, or perhaps on the West Coast, a more suitable locality. Its geographical position, resources, accessibility by road' and rail, and numerous other advantages natural and acquired, point to it, as -the- future manufacturing centre for the West Coastv Some day public feeling will move m the desired direction, and meantime it is our duty to keep the great question of the importance of jfche inauguration of local industries prominently before our readerß. We are convince 3 that before long people will realize the fact; that a district without manufacturing resources must m the long run fall behind those which make beginnings, it even m a (small way, m local manufactures. The Wellington Poßt has the following^ per*, tinent remarks on the same subject :— The movement has our warmest support It has long been a reproach to Wellington that no such industry should be rlocally.jn.;, progress, and it is a . slur on our business enterprise that wej should be too apathetic to establish a manufacture which m Canterbury and Otago is progressing enormously, and yielding the fortunate shareholders handsome dividends, beßide providing ample funds for extension and renewals. Nor must it be forgotten that these factories afford employment to a large number of hands. The Kaiapoi Factory m Canterbury employs over 500 people, and the Mosgiel m Otago, we believe, has a still more numeroaß staff. It will be a yreat step m the right direction if we i can establish a similar enterprise m Wellington.