A NEW VENTURE.

Wairarapa Daily Times, Volume XII, Issue 3959, 10 November 1891, Page 2

A NEW VENTURE.

Contemplated Removal of tho Star to WtUlaffton-

We copy the following prospectus, which is now being circulated in Wellington, of the Wellington Newspaper Printing and Publishing Company, (Limited.) : —Capital, £12,000. In twelve thousand shares of £1 etch, payable as follows :2s on application, 2s on allotment, and the balance in calls not exceeding Is per share, at intervals of not less than one month. It is not expected that it will be necessary to call up more than 10s per share. Provisional Directors: Wellington. -r-Thomas Orr, builder; Joshua Goodfellow, contractor ; W. McLean, J.P. ; John Sinclair, solicitor ; George Winder, ironmonger; Wm. Mudge, joiner ; John JSigg, (President Federated Trades and Labor Council), printer ; Andrew Collins, (Vice-President Federated Trades and Labor Council), baker ; Robert McLauchian (tinsmith); C, F, Worth, settler. Wairarapa.—A. W. Renall, J.P., settler, Masterton ; Eli Smith, settler, Pleckville, Eketahana ; John Gardiner, J.P., contractor, Masterton ; T. E. Price, J.P„ Masterton ; VV. 13. Buick, settler, Opaki ; Alexander Anderson, J,P., Eketahuna ; Alex. Reese, J.P., Pahiatua ; Charles Hall, J.P., Woodville ; Henry Aulin, J.P., Eketahuna; Joseph Dawson, contractor, Pahiatua ; Secretary, pro tern, Mr A. E. Furness ; Bankers, Bank of New South Wales; Solicitor for Wellington, J. W. Poynton Esq; Solicitor for Wairarapa, C. A. Pownall Esq ; Temporary Offices, Trades Hall, Manners Street, Wellington. The objects ot the Company are : 1. To establish a Daily Evening Newspaper in Wellington,such Newspaper to be a bona jidt Liberal organ, and an advocate of the interests of Labour.

2. To acquire by purchis# on valuation, the business of the 'Wairarapa Star,' etc., which paper will be a branch of the town journal. 3. To carry on the business of General Printers and Publishers.

I he necessity for the establishment in Wellington of such a newspaper as proposed is considered by the promoters so obvious as to need no arguments in its favour.

TJjp business of the Wairarapa etc., established for ,tlje Jast ten years, has been highly successful hitfysrtp, jts average profits exceeding £4OO per y*ar fpp the last 6 years, and #re annually increasing. The object of the conjpany in purchasing thftt business is to keep tjae Liberal side of politics w©U represented in the Wairarapa and Wellington districts, and to obtain the services of Messrs Smith and Hogg, manager anu suitor respectively of [ fcfmt journal, and to whose abilities j and energies jt.s success is due. As both toWn and country nejyspap?rs jyould be managed by" these gentle? men, ft considerable saying in expenses should be I'ffcctgd, and this is considered ftn sddjtLonsl pgfjjpfl jp favour oi acquiring the Wairarapa Star. Several M.H.R.'s who support the policy of the present Government have agreed to take up shares. In addition to which Mr Smith will take up 500 paid up shares, and Mr Hogg 500 paid jip shares. All employes will be required to tafe up shares in the Company. The Trades and Labour Council has pledged itself to give every assistance, and will push the sale of shares, circulation, end businees amongst Unionists and synipaibiserp. It is anticipated, from the offers pi support already received, that a very remunerative business will be done by the Company.