THE WAY TO PROSPERITY

New Zealand Times, Volume XLVI, Issue 10606, 3 June 1920, Page 7

THE WAY TO PROSPERITY

Under the above heading ‘‘The Do. minion” recently made a plea in a leading article, for the enlargement of our secondary industries. "An extension of local manufactures, it says, "is the only hopeful means 91 modifying appreciably the conditions in which the prosperity- of the Dominion is governed largely by demand and price in oversea markets. Although primary industries are and will he its mainstay for a very long time to come. New Zealand has’everything to gain from having such a second string to it* bow as nourishing secondary industries developed on a considerable scale would repreThose who recognise the truth of snob, sentiments will be pleased to learn of a proposed extension of our woollen manu ; factoring industries. The Wanganui Woollen Mills, Ltd., has been incorporated ' with ft capital of and 120,000 shares are now offered- to the public for subscription. There is every reason to anticipate that the new company will in due-course emulate tho financial success that has been achieved b- the three existing Woollen Mills, which, however, are quite unable to cope with the demand for woollen goods. Wanganui is considered to .offer an admirable situation for the establishment of a woollen mill—it has convenient rail and harbour facilities, it is the outlet for a largo woolgrowing district, and electric power will be available by the time the mill is erected. 120,000 shares in the new company art being offered to the public. Particulars are given in the complete Prospectus, which, together with Anplicat’.on Form, may bo obtained from the Local Brokers, Messrs Irwin ond George, 37, Panama street. Wellington, or from the Interim Secretary, Mr B. M. Silk, 1.1.A.N.Z., Wanganui-—Advt.