Page 4 Advertisements Column 3

Wanganui Chronicle, Volume XXV, Issue 10234, 26 June 1883, Page 4

| T)R O S P EC T U S. WELLINGTON WOOLLEN MANUFACTURING COMPANY (Limited). Registered under "Tho Companies Act, 1882," H3IITING- THE LIABIHTZ Ov] Shareholders to the amount of thbie Shares. '■ Capitai, £100,000, In 20,000 Shares of £5 each. . Payable as follows : — Two Shillings and Sixpence per share on application, Two Shillings and Sixpence on allotment, and the residue by calls not exceeding I?iye Shillings per share at intervals of riot less than Three months. '. Dibbctobs : J..8. Havcourt, Esq., Chairman, 3. Rees George, Esq., C.E. Wm. Hutchison, Esq., M.H.R. . C. J. Johnston, Esq., M.H.R. Jacob Joseph, Esq. James Smith, Esq. (Tunbull, Smith, & Co.). Wm. Whittem, Esq. (Whittem, Nicholson, and Co.). Baiskebs: Tho Colonial Bank of New Zealand. Solicitous : Messrs Tracers and Cave. Buokeiw : , Messrs Williamson and Co. Secretary (pro tern.) : George Bell Williamson. . Tho 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 rcanufaflfnefcured articles are wholly or in part only composed of wool, and to manufacture garments, clothing, and other aitick'B 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. (A.) To buy wool and other materials for use in manufactures aforesaid or for sale, and to prepare the same for sale, cither for manufacturing purposes or otherwise, and to purchase and cell woollsn manufactured goods of every description whatsoever, and whether wholly or in part composed of wool, (c.) To purchase any rights patented or otherwise, and. to take out any patent or patents connected with tho business of the Company as the Directors shall think proper, The Directors having power to do all acts necessary to give effect 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 find an immediate outlet, would yearly exceed £250,000, an amount sufficient 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 the 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 emidate 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 Kaiapoi and Mosgiel Woollen Companies as offering a reasonable guarantee that tho 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 the above Companies have proved that thero is ample room for the extension of the woollen industry, and tho Directors do not hesitate in recommending {.lie pic^ent enterprise "to the attention of persons requiring a legitimate investment i'oi- their money, whilst the advantages which they enjoy of being able to avoid errors ntivt -drily arising from inexperience, justify a hope that the works or tho company will be established at a reasonable cojt. Applications for shares, in the form unuoscd, may be made to tlic Secretary, at Wellington, Lither directly or through the brokers uf tin- Company or any of Un'ir ;u<.-ni-'. Jivny npp'initiy': iiniit bii aecomnanic.i f>y .ho i-oquu-ud u':'!'c -it, oi by a i :vix'i^l< fiv:n ::ny i>ran L -ii '.>:" the Colonial ! Hal.!. tVi- t.i aiiiuun 1 ul dcuosit. .Application iwiiiu m.iy bo obtained fiom i liic i.-'ee;]f;:;n- and bivi.t.'j, ilu-ir agonls, or . [ uiiv bsaiio'.i ji tLv 'Joiuiuvil iiauk of /.••al.."ii:t. -V^eul- ;••'.' T ''.ing:U!cU — I;]. 81-JGlixWIiLTj, Ttuipo Quay. - ... | j '.• ""(• : .-■a.ut to .. i'tl ' ;•_■ ', -v- :;. •-.- -.? .