Xjate Advertisements. TAKE NOTICE. A NY Person or Persons FOUND on any J\_ Land belonging to the undersigned, either in PURSUIT of GAME, Taking Wood or Straw, or otherwise TRESPASSING, will be Prosecuted as the law directs. POISON will be LAID for DOGS, and all Stray Dogs will be destroyed, J W. P.TUHTON. Woodbury, April 14th, 1882. PRIMITIVE METHODIST CHURCH TIMARU. A SOIREE will be held in the Oddfellows Hall, Barnard street on Tuesday the 9th of May to welcome the Rev. J, tables at 6.30. Tickets, 2s each. After the tea, addresses will be delivered in the Church by various ministers and friends. _ __ MRS HAMPSON’S TEMPERANCE CONVERTS. THE Weekly Session ff the English Lodge Victory No. 42 J.O.G.T. will be held at the Foresters’ Hall, Timaru, on MONDAY the 24th INSTANT, at 7.30 p.m, Mrs Hampson’s converts to the cause of Temperance will be heartily welcomed. Also Election of Officers. EDWARD JONES, Special Deputy for South Canterbury. PROSPECTUS OF THE Ashburton WOOLLEN FACTORY Company (Limited.) CAPITAL— £25,000, in 6000 Shares of £5 each. Ten Shillings on Application ; Ten Shillings on Allotment; and the Balance at intervals of not less than Three Months. Provisional Directors ; Messrs E. G. Wright J. Wilkin, Christchurch H. Oram, Cnristchurch D. Thomas, Christchurch J. Carter Thomas Bullock Joseph Clark M. Stitt C. E. Fooks F. Mayo Messrs E. Saunders J. Ward John Orr A. W. Parsons R. Friedlander D. McLean D. Olliver J. Ivess D. Cameron D. Williamson A, Dawson 8. Saunders W. Home
Bankers: Umonßank of Australia, Ashburton. Solicitor: B. G. Crisp. Secretary, pro tem; 8. B. Poyntz. THE COMPANY is proposed to be formed for the establishment of a WOOLLEN FACTORY, for the purpose of providing a local market for wool grown in the district, of converting the wool into manufactured goods, and of selling such goods wholesale or otherwise, The promoters have arranged for the purchase, at a reasonable price, of a suitable site with water power on the banks of the Ashburton river, about three quarter miles from the township, and arrangements have been made for the construction of a water race through the land for the purpose of working the machinery. Efficient machinery, to the value of £ISOO, has already been secured, which is capable of being worked by either steam or water power. Taking into consideration the following factsl, That Woollen goods are imported into the colony to a very large extent, on which freight and an import duty of 16J per cent have to be paid. 2. That the same quality and description of goods can be manufactured here at less cost by using the locally produced wool. 3. That the present New Zealand factories have met with great success, but at the same time are quite inadequate to the task of supplying the increasing demand ; and 4. That the proposed factory would have a great advantage in being situated in the centre of a large wool-producing district, the Provisional Directors feel that they may confidently submit this prospectus to the public. Objection might be taken to the smallness of the proposed capital ns insufficient for carrying on the business on a lucrative scale, but the Provisional Directors after full consideration of the matter, believe that they have taken the wisest course as independently of other reasons they believe that after the factory is in working order, and an established fact, any capital required for a more extended business could be obtained with greater ease and readiness. As the shares have been fixed at a small amount, persons of limited means as well as capitalists, will be enabled to invest in the undertaking, which in the course of time is calculated to yield a good Interest on invested capital, aud at the same tima establish a permanent industry in the colony, As a large number of shares have already been applied for, early application is necesary. Prospectus and Forms of Application may be obtained from F, W. WAYMOUTH, Esq. Hereford street, Christchurch. The Share List closes on May 18th.
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South Canterbury Times, Issue 2832, 22 April 1882, Page 3
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671Page 3 Advertisements Column 1 South Canterbury Times, Issue 2832, 22 April 1882, Page 3
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