Page 4 Advertisements Column 3

Wanganui Chronicle, Volume XXV, Issue 10236, 29 June 1883, Page 4

T)ROSPECTUS. WELLINGTON WOOLLEN MANUFACTURING COMPANY (Limited). Registered under "The Companies Act, 1882," limiting the Liability op Shareholders to the amount op their Shares. Capital £100,000, In 20,000 Shares of £5 each. Payable as follows : — Two Shillings and Sixpence per sharo on application, Two Shillings and Sixpence on allotment, and ■ the residue by calls not exceeding Five Shillings per share at intervals of not less ■ than Three months. Directors : J. B. Harcoiirt, Esq., Chairman.J. Bees George, Esq., O.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.). Bankers : The Colonial Bank of New Zealand. Solicitors : Messrs Travers and Cave. Brokers : Messrs Williamson and Co. Secretary (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 aU or any branches of woollen manufacture, and whether the manufanfactured 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. (J.) To buy wool and other materials for use in manufactures aforesaid or for sale, and to prepare the same for sole, either for manufacturing purposes or otherwise, and to purchase and Eell woollen manufactured goods of every description whatsoever, and whether wholly or in part composed of wool, (a) 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 properj 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, whioh 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 au 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 offering a reasonable guarantee that the present undertaking wSI, under careful monagement, 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 woellen industry, and the Directors do not hesitate in recommending the present enterprise to the attention of persons requiring a legitimate investment for then' money, whilst the advantages which they enjoy of being able to avoid errors necessarily arising from ineiperience, justify a hope that the works of the company will be established at a reasonable cost. Applications for shares, in tho form an- , noxed, may be made to the Secretary, at Welling! on, either directly or through the brokers of the Company or any of thoir agents. .Evory application must be accompanied by tlio required deposit, or by a receipt from any branch of tho Colonial Bunk for (li 3 amount of such deposit. Application forms may be obtained from the yeci-ctai-y und brokci'f, their agents, or at any limm-li of the (A'louiil Bunk of Now Zealand. A.-C-nt, f .1' Vv',lT;£.-u;ui — Ai. -Bi-.iOUT.VELL, 'Tuupo Quay. • :.'" ion «■:-,!'.'. roil" PHO tO l;il;.'!i, ; o it, j.l liuU'n.