Page 7 Advertisements Column 3

New Zealand Times, Volume XLVI, Issue 10617, 16 June 1920, Page 7

ABRIDGED PROSPECTUS OF The WANGANUI WOOLLEN MILLS, Ltd. (INCORPORATED UNDER. “THE COMPANIES ACT, 1908.”) CAPITAL £200,000 In 200,000 shares of £1 each, of which 120,000 are. now offered to the public for subscription on the following terms: —2s per share on application, 2s per share on allotment, and the balance in calls of not. more-than As per share, which are only to bo made parable with an interval of at least three calendar months;, between the date of allotment and the first call, and thereafter with intervals of at least throe; calendar months between each call. PROVISIONAL DIRECTORS: 1. W, J. POLSON, of Wanganui, Farmer, Director for New Zealand of Bristol and Dominion Producers’ Association. 2. JOHN STEVENSON, of Wanganui, Manager of The New Zealand Loan and Mercantile Agency Company, Limited. 3. Gr. N. BAGGETT, of .Wanganui, Managing Director of the Simplex Milking Machine- Company, Limited. , 4. ALLAN ROBINSON, of Wanganui, Farmer, Chairman of the Wanganui County Council. . , _ 5. PERCY HIGGINBGTTOM, of Wanganui, Managing Director of Purser’s, Limited, Furnishers. , 6. S. M. DAVIS,’of Wanganui, Director of Freeman R. Jackson and Company, Limited, .Stock and Station Agents, Wanganui. . 7. G. L. MARSHALL, of Marion, Farmer, President.of the Wellington Provincial Farmers’ Union. . 8 J. A. DOHERTY, of Wellington, Merchant Tailor. . Who will hold office until the conclusion of the statutory meeting at which the permanent Directors will he appointed. BANKERS: THE NATIONAL BANK OF NEW ZEALAND, LTD. SOLICITORS: MARSHALL, HUTTON, AND IZARD, Wanganui. INTERIM SECRETARY AND BROKER: E. M. SILK, F.1.A., N.Z., of Silk, Haworth, 4 and Company, No. 44, Marm-p.m-e, Wanganui. ' INTERIM AUDITOR: HAROLD HAGUE SMITH, A.P.A., N.Z., Wanganui. . BROKERS: IRWLN AND GEORGE, 37, Panama street, Wellington. OBJECTS. The Company has been formed for the purpose of establishing a Woollen Mill or Mills in or near Wanganui and elsewhere as may be considered advisee from time to time by the Directors, and to carry on the businesses of Woollen Manufacturers and any other businesses provided for by the Memofandum of Association. GENERAL. Wanganui offers an admirable situation for the establishment ot a Woollen Mill It is the outlet for a ‘ large wool-growing district, from which annually large quantities of wool are exported. Conveniently situated with regard to - the railway system for collection of raw material and distribution of its products, and with the development of the harbour and shipping, it may be expected to be a similarly convenien t port with reward to'coastal and overseas imports and exports. Its population is now approaching towards 22,000, and it promises to be a centre of a large and over-growing population. ... The Borough Council states that by tho tamo a Mill may be expected ix? bo ready, to' commence operations, it anticipates being able to sell electric power as would bo required by the Mill. Tins constitutes a. great inducement to the establishment of tho Mill in Wanganui within reach of such power. 11l view of the general unsettlement. m industrial life} all over the world caused by the War, and tho rise- in industrial'wages to be expected in those countries from which New Zealand has hitherto drawn her woollen manufactures, and thei contemporaneous increase in freights, it may be expected that Now Zealand will find it necessary to no longer rely on getting such manufactures from abroad, produced under the hitherto existing conditions of low wages but to set to work herself and manufacture her own wool for her own use or export, thus saving double freight and providing employment for her population. This applies in special measure to the woollen industry, and it is for these reasons that the prospect of the establishment of a Woollen Mill is noW launched. f . . , Attention is drawn to tie fact that unlike most new ventures there is absolutely ho Loading in connection with the Company. All the Capital subscribed, except the preliminary expenses and brokerage undermentioned will be employed in erecting and equipping the Mill or Mills. No Director has any interest in the promotion of the Company apart from the shares he subscribed for, for which he will pay in cash. - The throe existing woollen manufacturing companies in the Dominion are in a flourishing condition,,as the prices of the shares, as shown below, indicate; and the promoters confidently look for a similarly successful career for this Company. ' _ Name of Company. Paid Up. Market Price at 27th April, 1920. Kaiapoi Woollen M'fig. Co., Ltd. 4!5 0s £lO 0s Od (Buyers, no Sellers! Mcsgiel Woollen Co., Ltd. ... £3 10s £6 17o_ 6d (Buyers, no SeUem) Wellington Woollen Co., Ltd. £4 10s £9 los.Od (Buyers, no Sellers) The preliminary expenses of, and incidental to, the promotion and establishment of tho Company and until the Company shall bo entitled to commence business (exclusive of brokerage or commission on sale of shares) are estimated to amount to Five Hundred Pounds, and will be paid by the TOm P.AwKcart.|onß for shares may be sent, together with the amount payable on application, to the Company’s Interim Secretary, or to’ any of the Provisional Directors or other persons authorised by the Directors to receive applications. If no allotment is made the deposit will be returned in full, and if the number of shares allotted on any application is.less than tho number applied for the balance of .the application money' will be applied in reduction of the allottees future liability on the shares allotted. ' , . Applications will not be received for less than 20 shares. Dated this Nineteenth Day of May, 1920. . form of application for shares. To the Provisional Directors of Wanganui Woollen. Mills, Ltd, REGISTERED OFFICE: 44 MARIA PLACE, WANGANUI. Gentlemen, — T hereby authorise you to allot mo ■ . ~. . . ... Shares in the above Company in terms of the Prospectus issued m relation to tho said Company dated the Nineteenth day of May 1920, and I hereby agree to accept the same or any less number of shares that may be allotted to mm lam paying the sum of ■ . , c ,, ' . , 5 the amount payable on application for the said Shares (2s. per share) and I agree to payV further sum of 2s. per share on allotment, and the balance as provided bv the said Prospectus. . -- P And I ‘request and authorise you to register me as the holder of the Shares so allotted. Description or Occupation —•— Birthplace of Father (Country Only) Mother’s Full Maiden Name - Birthplace of Mother (Country Only) •' - I hereby certify tlu.o tho above particulars arc correct. - Information required under the War Regulations,

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"I have ample evidence that there is profiteering going on in tho salo of certain school hooks, and tho Government should ho urged to control tho supply of school boohs and soil them at a uniform niid reasonable price,” remarked Mr H. O. Sago, at a conference of Taranaki School committees last week. SNIFF UP. QARQLE.ok SWAt-UOW

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