Page 4 Advertisements Column 4

Tuapeka Times, Volume VI, Issue 299, 23 October 1873, Page 4

PROSPECTUS OJf THB MOSGIEL WOOLLEN FAQTOBY COMPANY (LIMITED). . CAPITAL -'"" / - £60,000 ] •WIT& 3?OWEB TO jprCfIBASE, i In 12,000 Shares of £5 each, df which it is ] ' proposed to call up £%, in Bums of 10s! ,' • extending over one year. • '*' deposit on application 10s, per share ; ' '"' Allotment Call, r lQs. ' 4000 Shares, £3 paid up, retained by the • ■ '•" Proprietors. 80.00 Shares are offered to the Public. PBOVISIONAL DERECTOBB : The Hon. Robebt Campbell, Esq., M.L.A. John Cabgill, Esq.', (Messrs Cargill aud M'Lean) - .*••■• GqoBGB'CodK, Esq., Solicitor JokN Davie, Esq., 'M.P.C. "i(Messrs M'Xandress, Hepburn, and Co.) s ' G. W.Ehott, Esq.,N.Z. Insurance Company The Hon. Mathbw Holmes, M.L. A.- •■" Edward Hulme, Esq., M.D. JiME3 K.ILGOUR, Esq. 1 , Roslyn E. B. M'ABTIN/Esq.* (Messrs R. B. Martin and-Co.) : William Mason, Esq., J.P. (Messrs Mason ■ and Wales) ■ Andeew Iklfite&Eß, Esq., J,P., Mayor of "• Dunedin) '• * ' :': ' W. D. Mubison, Esq., J.P. Evak Pbosseb, Esq. (Messrs Kempthorne, 'Prosser, and Co.) :~: ~ ' ' ''■ ' * John RAn.,' Esq., of EldersUe, Cpmmissioner of Waste Lands Board " '"* G. F- ■Reid," Stafford-street Jomrßo^EßTS., Esq., M.P.C. (Messrs Murray, 'Roberts, and Go.) ' ••■■•• solicitobs : Messrs Macassey, Holmes, & Chapman. BANKEBS : The BanK or JSts\j Zealand and Branchy, BBOKEB.S : Messrs Gillies and Stbbbt, Princes-street, Dunedin. This Company is projected for the purpose of purchasing the *well-known* Mbsgiel Woollex Factory, and ""for"' supplying the additional capitaF necessary to overtake the growingrequiremeulis of this 'the most successful iadustrial ' undertaking ever started in this Colony. ; ' ''" % -- • The sde reason which has induced Messrs Burns and Co. ttftake this Stepis-fhdt they*'find the limited capital at 'tKeir cbmmahd prevents them taking-full advantage of ' the extensm market which the growing demand : for ther manufactures has unexpectedly openedip since they started. Ah agreement luis been entered into with Messrs Burns arid Co.' to sell to the Company as f ollovs :—: — I. Tbair Machinery an.d Plant at their, actual cost, as cenifieu by C. H Street, Ksq., Accountant, after a careful examination of the Firm's Books and Vouchers, adding thereto 30 per cent, for the rise in the tradfe price of all such machinery since its purchase. Messrs Briscoe and Co. and Mr. James Manning, Machinery Importers, iv .Dunedin, have certified that an addition of at least 40 per cent wouldrliave'beeii justified ; and it is submitted, that, in tlw altaence of parties competent, or at*' least' well enougli known, to make a direct valuation of any weight with the General Public, this is' the fairest mode' of arriving a,t, values; 11. The " Buildings and Land at .the value as certified to by Messrs. Mason, and Wales, Architects, and Messrs Gillies and Street, Land Agents; and, HI., a Bpnus of.' £2,500 for the goodwill of this, nignly remujtleratiye andf- extensive business, ' amounting all to. £17,000., '" " ' . ' Of this amount M^asra Burns, and. Op. rwisEtoretauV-ffSiCpo^tlia capital of the Company- in 4000 Shares, £3 pa,id up, a,ndj as -an evidence of their faith in th^e future proa'pects of the conceA-^they will thus be liable for the remaining^ per share of- caHs on ; these shares,'' tie same as other shscreholdera. so th,at a.ttshajes will be on exactly] the same footing; =•-■•♦'-■•* - '-- : Stock w^U be, taken in^the day the Company, renters into, possession/ and' the wool and other raw materials, /'and also the manufactured goods, as. well as *he "book debts, w^ll taken over at*fcheir- fair value. Messrs Burns and Co. will also, grant the -privilege, free of charge, 6^ constnjeting and -using a tramway through other lauds beJonging to them,fronf" the Mosgiel Works to, iSoutherti-Trunk Railway, should.such be ' -required, but negotiations, are now in proigreas whjer'e'by'. th^s may n,ot be needed. When the works are connected with the railway, the working expenses, especially- in ,the matter of cost of coal, will be, largely v reducecL "' ''-••■- • -' All preliminary expenses of starting this Company," up io iis registration, wul be paid •by, Messrs Burns, and Co., so that the. entire -capital/as shown urthe st^bSoined account, -will beavailabieon the'd,ay lilienew. ComjTahy is conssituted. \ The enormous advantages oi.& Joint Shook -Company of entering into possession of a' ; largemanufacturing business in full operation, J on a definite date, without preliminary ex.penses, or waitmg for erection of buildings, .importation of plant, "'oif ajl'the risKs, and -delays incidental to ihe siarting ' of., a. new .concern, will be at' once apparent, '- Profits' r"wili accrue from, the very day the' expenses of th,e Company begin, and it may confidently tbe said thai seldom, anywhere, has. such a property been;acquJred on terms so, adyan- '■• 'fixe i Provisional Directors can stale that ithey have examined into th.c details not, here, •submitted; to the public, that they per^, "fectly, satisfied- thai; i thifpi?c'e asfie'd is.'a fair one, that the rejaspn assigned fox-parting with "'the property is the true one, that the cqncerjtr Jiaa proved remunerative in the han^daTof (Messrs; Burns antt Co., and that there is no •"doubt, if equally. well managed in, the future, ■it wijl prove proportionately remunerative "in ita more extended form,. *"— ; It nyiy .be. mention.c.d that the g?eaf <Jeooan<l Jor th^. lsb%iel goodahaa, irisen, without the employrojeut'of tr^avellej^ or any of 'tfie, usuSil rad^unci)s, for- pushing' "such trade. Until -lately- one set. of miachloes only has been- at -jroj&l JTow tHere are two, and a thjrd, l isr on".its i^ay from. England. -"" "* ' r ~ Itis.pi^^9edthat'p%BpaymentQf calls, up to. £3 per- "share; be rlceixedi'by. the; Per-, Direjsifors from, parties., desirous, of ,investn% a definite sum; at once, for- which interest at the rat 6of 5 per cent. per. annum, --mil be allowed ovejf and abpye. any dividend accruing, " "v" v •' '" ''" " -\ Forms of application can, be obtained, from. • Messrs GILLIES and STREET, •-*' Princes Btreet^ Dunf din. to. whom or to tn.e ''^dmpariy's Bankers Bej)oßit^may be paid. Prospectuses or form, of appKcatioa may also be obtained from, ' ' * ' - "• '■ ''• J. C. AKBUCKLE, Esq., »• Norwich Union Office, I *-o. \*..*t •. TLawre'nc'e.