Page 4 Advertisements Column 3

Wanganui Chronicle, Volume XXV, Issue 10236, 28 June 1883, Page 4

■ 'I T) ROSPECTUS.' WELLINGTON WOOLLEN MANUFACTUKINa COMPANY (Limited). Registered under " The Companies Act, \ 1882," HMIXINQ THE LIABIHTY OP ShABEHOLDBBS TO THE AMOUNT OP THBIB Shabes. Capital £100,000, In 20,000 Shares of £5 each. Payable as follo-ws : — Two Shillings and Sixpence , per share on application, Two 1 Shillings and Sixpence on allotment, and ; the residue by calls not exceeding Five i Shillings per share at intervals of not less i than Three months. -•-• ■' ' ■ DIBKOTOES : ; J, B.Harcourt, Esq. 1 , Chairman. J.Bees George, Esq., O.E. ; Wm. -Hutchison, Esq., M.H.R. j C. J. Johnston, Esq., M.HJR. Jacob Joseph, Esq. , ; James. S.mith, , Esq. (runbull, Smith, & i"„ „- C0.),.■ ,-,■.;, ■•..,. ;■• . Wm.'^V bittern, Esq. (Whittem, Niehol- | son, and Co.). Bankers: The Colonial Bank of Hew Zealand. Solicitous : Messrs Travers and Cave. BKOKBE3 : Messrs Williamson and Co. Secbetaby (pro tcm.) : George Bell Williamson. The special purposes for which this Company is established are t.hua stated in the Memorandum of Association : — (« ) To carry on the business of Woollen Manufacturers in all or any branches of woollen manufacture, and whether the icanufaflfaetured 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 iu all such manufactured materials, goods, and articles in such manner as the Directors may from time to time think desirable. (b.) To buy wool and other materials for use in manufactures aforesaid or for sale, and to prepare the Baine 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, (c.) To purchase any rights patented or otherwise, and to take out any patent or patents connected with the business of the Company as the Direotors 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. Wo 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 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 Kaiapoi and Mosgiel Woollen Companies as oifering a reasonable guarantee that the -present undertaking will, under careful management, not be behind them in the relurna it will yield. It may here be mentioned that the dividends already paid by the above Companies have proved that there is ample room for the extension of the woallen industry, and the Directors do not hesitate in recommending the present enterprise to the attention of person* requiting a legitimate -investment for their money, whilst the advantages which they enjoy of being able to avoid errors necessarily arising from inexperience, justify a hope that the works of llu company will be established at .i reasonable cost. Applications for shares, in the form anI nexed, may . be made to the Secretary, at Wellington, either directly or through the brokers .ut' the Company or any of their agents. Every application must be accompanied' by (he required deposit, or by a receipt from any branch of tlio Colonial Bank for Ilia- amount of such deposit. Application forms may be obtained from tiie (Secretary and brokers, tlmir agents, or at any branch of the Colonhl J3:uik of Now Zealand. . - Agent for Wanganui — e. -oKIGHTWELL, Tanpo Quay. 1 T You vraat vour PEOTO taken, go to i 1 Huti'i.