Page 4 Advertisements Column 3

Tuapeka Times, Volume VI, Issue 298, 16 October 1873, Page 4

PROSPECTUS OFTH3 MOSGIEL WOOLLEN FAOTOE^ COMPANY (LIMITED). CAPITAL : - - E6Q.QOO WITH £OWEB TO DTCBEI^E, In 12,000 Shares of £5 each, of which it is : ' proposed to call up £3, in Burns of 10s., extending over one. year. Deposit qn application 10a, per share ; • " Alldtment Call, 10s. 4000 Shares, £3 paid up, retained by $ie PnoprietoEg. ' 800Q Shares are offered tq the Public. PROVISIONAL DIRECTORS : Th© Hon. SpftEiiT Cajibbbij., Esq., U-I/.A. John Cargiia, Esq., (Messrs CaTgill and ' M'Lean)" Ggorqb Cook, Esq., Solicitor Jobtt Davw, EbOj.', M.P.C. (Messrs M'Landreaay Hepburn, and Co.) G. W. Eliott, Esq.,N.Z. Insurance (3omp.any The Hon. Mat^kw Hol||E3, M.L.A. Edwabp Hulmb, Esq., M.D. KfLGO^g, EsiL., Roslyn R. B. Martest. Esq. 1 (Messrs, I^. B. Martin and Co.) William Maso^ Esq., J.B. (Meaars Maaoa aad.Wa^es) Andrew Mercer, Esq.., J.P., Mayor pf Duned^al W. D. McßijgqH, Esq., J.P. Evan Prosser, Esq. (Messrs Kempthorne, Prosser, aud Co.) John Reid, Esci., of Elderalie, Commissioner of Waste L&nda Boajt? a. F. Rbdo, Staflord-atreet .John Roberts, Esq. , M .P.O. (Messrs Murrayi Roberta, and Oo.) solicitors : • Messra Macassky, Holt^b^, & Chapman.. BAMEIBRS : The Bank of New Zealand and Branches. brokers : Measrs Gillies and Street, * Princes-street, Dunedin. This Comjpany is projected for tlje - pujposa qf purchasing th.c well-jbiown Mqsgi§\ V^oollen Factory, and for supplying the additional capital necessary \<cx overtake the growing requif enieuts of this the moat sueqeasful mdoiatriajl UA^erta,kiAg e.yer started m this Colony. 1 The sole reason which haa induced Messrs, Burns, and Co. to, take this, atepia tha.t they ' find the limited" capital at their command prevents them taking full advantage pf> the extensive market which the growing demand for- their- manufactures, haa^ unexpectedly opened* up ain,ce they started. <v An agreement has been entered into with Mesara Burns and Co.. to sell to. the Co«\pany as. follows : — I- Then; Machinery and Plant at their, actnial cost, aa ceriified by C. H .Street, Es.q., Accountant, a.fter a, careful examination of the Firm's Books and Vouchers, adding thereto 3JU per cenk for. th.c. rise in th.c. trade price of aU '' such macninefy sjince its pi^rchaae. Mesara Briscoe and Co.. and; Mr. Jam.es MaiMttog, Machinery Importejs, in Dunedin, have certijfted that a.n. ajildition of at least 40 per cent would have been justified; and it ia. submitted, that^ in the absence of parties competent, or a^,' lea^fc .-vvell enongh known, to, make a direct valuation of any weight with the Qeneral Public^ this ia^ the fairest m 0.4% of. arriving a s t values,. 11. The B.uilcUoga. and I>and at the. valu,e, aa. certified to. by Mesara. Mason and Wales', Architects, and Mesara Gillies and Street, Land Agents; and, 111., a Bonus of £2,500 for- the, goodwill of ' thia highly remunerative anj gxtensive! bu,Biness«, v amounting in all to : £17,000,, -^ f - Of tKis amount Messjca. Burn 3 and Co. ; wiah to' retain £ I in, the capital of the Company, iif 4000 ahares, £3 paid up, and, as ( an, evidence oJf their faith in the. future pros1 pecta of ine'eoncern — they will thua be liable !fo^ tMremaining £2 per share of calls on, thesa^Jiares, the same as other shareholders, so tha'tall shares will be on, exactly, the same footing. 1 * Stock"wai betaken on the day the Company enters into posaeaaion, and the wool and other raw materiala, and also, the manufactured gootlsr as well aa the bdojs debts, will ( bse "taken o/er at their fair Talue. .' '- Measra Burns, and Go. witt afeb grant the privilege, free of caarge^ of. constructing and -using a tramway thorough oth,e^ jauds belonging.' to, them, from, the Mosgiel Works to sthe iSQi^theru Trunk sh.quld.such be ' required, but negotiations, are now. in progress i tbi?t TE^y- ;iot be. needed. Wheu, "tiie vorks" are connected, vi^th, the railway, the working expenses, eapec)aUy in tiie matiie|'9f cjasjfe, gif _c>aI A m$ l» Jar^ely jUI prehmjb^y. expenses, of Company, up^ fo, if^^regi^tratipn, wH.be paid ; by Meßara, Burns, a^d; C9,j so, tns^t tfee, entire i capital, "as. snowa in the subjoined accp^ut, will be available' pn the. day the npw^ Company is coiiajituted. The. enormous advantages of a JouT,t Stock Company, of entering inio possession, of a large manjj,facturing^businesß in fulloperation, oa a definite da^te, without prelipainary- ex-, penaea, or waiting for. ececfion. of buildings, of plant, or; ajl the riska, aud ;demyp.iuciden.t«l <^> the, s-arting] of a new ; concern, will be a£ once apparent. Profits will accrue from the very day-" the" expensea of the Com.pany,begin, audit may confidently be said (jhar seldom, anywhere, lias such a property been acquired on terms, sp, adyan,tagepus. fr is obyiops that it might materially injure the future "prospects' of tfift Componyj and' be : unfair, to Messrs. Bjirna and' Co, to. .reveal .publicly. the profita hitherii) loade, or the : details, of cosjta and values ;bnt bgna^ /trfc.in-. ' vesl;6rs can. obtain, "ample informatipii on, points from. Messrs 'Gilliea. and". Street, 'whp.afler, a thprongh,and searchine-. investigation of the whb)l& matter, pledge themselves'for the, accuracy of- "th,e a-atementa, made. Inquiry and; inyestigation b^-intending shareholders am desired* and courted I ,' aa J^aars. : Gillies and, Street) are satisfied the taore if. ia looked into. the. mpre shareholdeis^will be satisfied that they are being fairly- dealt with, •and that no. more legitimate*, or. remunerative "outlet for capital, or- one presenting "beirfier or more extensive future prospects,, hag.* ever been ojfered in,, Dunedin^ iWProvisiQnal j}|^'cft)rß can state, that they, have.examined into^the detail^, not. her,e submitted; to the public, that they are per-, fectly, satis Hedt that the price asked is, a fair on^ that, the rjeaspßasajgned^for parting with, tne property, ia the true, one, that the concern has, ppoyed remuner,atj.ye in the, handa of - Messes. Burjna and Co. and that,there^ia. no. ,'dpubt, i£ equally well managed in the future. n\wiUjjpro.ve proportionately remunerative, more^extended form. ; B may ,be mentioned that the great demand for "the Mosgiel gbodajbas arisen without the , empjpvment qf 0^ *JS of^tlie^ usual.