The Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. SATURDAY, DECEMBER 15, 1883. A SUCCESSFUL ENTERPRISE.

Manawatu Standard, Volume IV, Issue 15, 15 December 1883, Page 2

Manawatu Standard (PUBLISHED DAILY.) Suivant la verite. SATURDAY, DECEMBER 15, 1883. A SUCCESSFUL ENTERPRISE.

It is most satisgict cpy ;toi]lelu ; Jv "that the . Wellington Woollfen Manhfaciuring i Company has been successfully floated. ! A4~€ii>iEfetingiot th'kdiredfdri KeM Iritti. Thursday lust, Messrs Williajisoj< and .Co., brokers to the Company, produced applrcAtions for ten shares, representing a capital ofy more .than ; £50,000. The directors have decided to allot the, shares applied for at. once. ; It is a very reassuring sign ofthe times 'to note the ready response manifested on the part of the public since the issue of the prospeetua not many weeks ago. The residents of Wairarapa have also shown much enthusiasm m the success of the project, having offered to subscribe £20,000 of shares. There is little doubt but that had Manawatu and Wellington been' m direfct railway communication, tbis district abo would have entered, heartily into the enterpri^e, Wherever established m the Colony, the woollen ind ttsjjry, where efficiently managed, has "bee^ attended with successful results, both financially to tho shareholders, and generally to the community ; and we , hopo a!s ,our sea-ports and inland centres are connected by the "iron* rioad," woollen factories will become one of our Viosb' thriving local industries, and tend largely to the promotion of our colonial atd.Jocal piosperity.3