Woollen Manufactories

Will doubtless, within a reasonably short time, become a popular branch of local industry. Suggestions have been made by Mr J. T. Martin and other prominent citizens that a joint stock company should be formed to manufacture woollen goods, and recently a representative committee was appointed in Invercargill to consider what steps should be taken to give effect to the suggestions. These gentlemen, although favourably disposed to the undertaking, reported that the present time was somewhat inopportune for the formation of a joint stock company. When the present stringency of the money market has passed away, and this season's wool exported, another good harvest gathered, and the export of frozen meat further developed, they ought to bring about that desirable consummation; this promising industry should be again brought into prominence. I have lengthy notes as to the best kinds of wool, machinery, buildings, and plant required for this industry, but I have laid them by, as this paper appeared to be extending to a limit that might overtax the patience of the Institute to listen to.