Woollen Factory.

Thames Star, Volume X, Issue 3238, 5 July 1879, Page 2

Woollen Factory.

From the Auckland Star we get the following article upon the pr.op,gsed Wpollen Factory in'that city.' Bit will be xfepembered that at one time: steps were taken byleVeValgenmtfeii dtf«bie'![Dhlra«s with .the object <$,estabjishinjj a jimilartivdustry, and a committee was appointed to gfjfcMP.]l?^ (infprmatioo . l u,poa ;r thA :i Mibject. (That information^Has been to hand for some^mo^ihf* fea^^be^TMOft«fr4ho sub-committee show* that atleast £20,000 would be requifedlto start a woollen fachtojff^mi tue /islijfht Tprptji^j^p^jijuch \jh* amount of capital as required being tub* ■ scribed on thegfield|i ©■pee»Uy--»t---tho present time, the (Committee have not; publicly*tokMlnf(;fMther steps in the matter. The whole details for starting in the possession of 'the suu-douimitee, and will na^oubt b&bf, serv ice tome day when circtfmttatWek lWow a woollen factory could be started with some prospect of bemjfsucoessful:—" Mr E. JL,,Newipnie. a> gentleman who has had largo expet lienfceii& the nrtgßb&uHi6bd of Leeds, and recently owned and sup'eriii'tended a woollen mill at Balla* rat, is now in Auckland with the new of forming a companylo establish and main* tainAjWppllen manufactory. It is proposed to male tUi capital of mic«M^aailso,ooo in 5,000 shares of £10 each, £ltobepaid calfin three mohthr, mdr (hin^f? Us at intervals of not less than three months. Mr Newsobif^n^dals is shown by the *m*Mbm tm\m*& fr* material, leaving £3,000 * aTiuablo for wages *nb .oiketi mwrt >**m*> 3The materials which Mr Newsome prdpows i-to-vprSduoe are cloth, broad and narrow, superfine tweeds, pilots, blankets, flannels, and felts of Wery description, which he is confident of being able to manufacture at a price considerably b#lo«rlthe imported goocff o£she same cla,s.s.as well, as,of superior quality/^T&6' Jcbsr ridf' fthß two seta of machinery, *andfl engine^ ahd boiler, is estimated at The number of being £65. Mr Newsome 'Hw with him a large and variedWsbrtment of samples of goods manufactufed by him »^BMl«irtit, and they are aH bl very superror'dttalfty. The projector.'oi( tbe Company is oaHo/^ell armed, with, extirpates as to eps^wf'JPFO* duction^ which 'dempas.trate the ,jpr,i|fiia| le« submit these to a: meeting to be h,e|a^Miut Tuesday '! or; nWednesdayi., Wh^me^yqrl^yfple^ouwie™ it is to be hoped Mr Newsome will receive s th£sjp ( p?rkof.^ yery t importanjk J and,, ip,irfttive itratmry /wiU^^edto'th^sbaliM^estabfislied WAtickldWd. hnii ■ WO'TAHM (MBMm. ))