Page 4 Advertisements Column 3

Wanganui Chronicle, Volume XXV, Issue 10236, 2 July 1883, Page 4

T)EOS-PECTUS. WELLINGTON WOOLLEN MANU.PACTUEING COMPANY (Limited). Registered under "The Companies Act, 1882," LHiiTiifa tue Liability ov Shabbhoidebs to tub amount ov thbib SIIARES. Capital £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 Fivo , Shillings per share at intervals of uot less than Three months. DIBECTOBS : J. B. Harcourt, Esq., Chairman. J. Rees 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, NicholBon, and Co.). Bahkbbs : The Colonial Bank of New Zealand. Solioitoes : Messrs Travcrs and Cave. Bhokeiss : Messrs Williamson and Co. SECBEXAEY'(pro tern.) : George Bell Williamson. ' ■ The special purposes for which this Com--1 pauy 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 manufac- < turo, and whether the manufaofactured articles are wholly or in i part only composed of wool, and ' to manufacture garments, cloth- ! ing, and other articles from the [ materials aforesaid, and to deal in i all such manufactured materials, goods, and articles in such manner I us the Directors may from time to t time think de&irablo. (4.) To buy wool and other materials for use in manufactures aforesaid 1 . or i'or sale, and to prepare the eaine ' i for sale, either for manufacturing I purposes or otherwise, and to purj . chase and sell woollen manufaci j tured 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 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 sufliuient to yield a very handsome dividend upon tho 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 clement in the success of the Company, and give assurance that it will be able successfully to emulate tho prosperity of other factories already in operation in the South Island, .^s^jjj 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 oil'ering a reasonable guarantee that the present undertaking will, under careful management, not be behind them in the returns it will yield. It may hero be mentioned that tho dividends already paid by the above Companies have proved that there is ample room for the extension of u the woelleu industry, and the Directors do not hesitato in recommending the present enterprise to the attention of persons requiring a legitimate investment, i'or their money, whilst the advantayt,» which they enjoy of being able to avoid erro/s necessarily arising l'rum inexperience, justify a hope that the \vorkis of tho company will bs established at ti reasonable coat. Applications, for sharej, in the form annexed, m:;y be made to tho „'ecretary, at 1 Wellington, Atlicv directly or through the brukuis oi Iho Company or any of their agents. Every application mv.it be accompanied by lliu required deposit, or by a i-ueeipfc from any branch of the Colonial limit for thu amount of such deposit. Application ioriiva may bo obtained from Ihrf tocrotui'v and brolai^, their agents, or t .t any broil "j „f tho C-loniil Uunk of fjow Zi-u\ .":,(!. ! .'..'cat ri;? ' '.'.:•. .antii— j " _„ .iii-.Hjli.L",Vli"Lfj, Tnnjjo Quay. j. - ■■. -:.iai your I'ilOi'U taken goto j -i ii.ul)V