Page 4 Advertisements Column 3

Wanganui Chronicle, Volume XXV, Issue 10234, 25 June 1883, Page 4

"pKOSPECTTJS. WELLINGTON WOOLLEN MANTJFACTUEING COMPANY (Limited). E«gistered under "The Companies Act, 1882," mmting thb liability op Shareholders to the amount op tiibib Shaees. Capital £100,000, In 20,000 Shares of £5 each. Payable as follows : — Two Shillings and Sixpence per share on application, Two Shillings aud Sixpence on allotment, and the residue by calls not exceeding JPive Shillings per share at intervals of not less than Three months. DIEEOTOBS : J. B. Harcourt, Esq., Chairman. J. Eees George, Esq., C.E. Wm. Hutchison, Esq., M.H.U. C. J. Johnston, Esq., M.H.8,. Jacob Joseph, Esq. James Smith, Esq. (Tunbull, Smith, & Co.). Wm. WHttem, Esq. (Whittem, Nicholson, and Co.). Bankebs •• The Colonial Bank of New Zealand. SOLICITOBS : Messrs Travel's and Cave. Bbokers : Messrs Williamson and Co. Seceetabt (pro tern. ): George Bell Williamson. The special purposes for which this Company is established are thus stated in the Memorandum of Association : — (a) To carry on the business of Woollen Manufacturers in all or any branches of woollen manufacture, and whether the manufacfactured articles are wholly or in part only composed. of wool, and to manufacture garments, clothing, and other articles from the materials aforesaid, and to deal in ■ all such manufactured materials, goods, and articles in such manner as the Directors may from time to time think desirable. (4.) To buy wool and other materials for use in manufactures aforesaid or for sale, and to prepare tho same for sale, either for manufacturing purposes or otherwise, and to purchase and sell woollen manufactured goods of every description whatsoever, and whether wholly or in part composed of wool, (o.) To purchase any rights patented or otherwise, and. to take out any patent or patents connected with the business of the Company as the Directors shall think proper, The Directors having power to do all acts necessary to give efl'ect to these objects. The importance and even necessity to this locality of such an undertaking cannot be questioned. !No similar institution exists in the North Island, which is thus wholly dependent for its supplies upon the Woollen factories of the South Island and upon imports. It is moderately estimated that the quantity of material of the classes proposed to be manufactured, which would lind an immediate outlet, would yearly exceed £250,0J0, an amount suilicient to yield a very handsome dividend upon the capital of the Company. The special natural advantages possessed by this district for carrying on and trading in manufactures of tbo classes proposed must of themselves form an essential element in the success of the Company, and give assurance that it will be able successfully to emulate the prosperity of other factories already in operation in the South Island. ■ The Directors do not venture to afford any data upon which to ground anticipations of profit, but confidently appeal to the success which has attended the operations of the Haiapoi and Mosgiel Woollen Companies as offering a reasonable guarantee that the present undertaking will, under careful management, not be behind them in the returns it will yield. It may here be mentioned that the dividends already paid by tho above Companies have proved that thero is ample room for the extension of the woollen industry, and the Directors do not hesitate in recommending tiie present enterprise to the attention of persons requiring a legitimate investment for thoir money, whilst the advantages which they enjoy of being able to avoid errors necessarily arising from inexperience, justify a hope that the works of the company will be established at a reasonable cost. Applications for shares, in the form anuexed, may be made to the Secretary, at Wellington, either directly or through the biokora of the Company or any of their agents, livery application must be aceoni--1 pauicu. by the required deposit, or by a receipt from any branch of the Colonial Bank for tho amount of such deposit. Application i'onus may bo obtained from lljo Si'ui'otory and brokers, their agents, or at any bra;!uii of iiiu t'oloni.\l Biiwk of JScw Zoiilaud. -\geii!. in? "ii'migamii — r,. jiiriaii.Ty/iSLL, Tiiupo Qiuty. ! \Y You >■„.,■ ...u UJj[\i .:■.'.,.,, „t. to 1 Liuu'a.