The advautagea may shortly be enumerated aa foilowa:—The Mataura river, at the Falls, affords a never-failing and unlimited water power, which can be utilised for a very small 6iim j a site can bi obtalned.'at a nominal cost—a survey having been made and a report of a very favourable character having been suppliedby Mr ft. Y.A.Wales.ongineer: mines of good coal are being worked within a mile of either of the four sitea recommended; building atone can be hnd near the spot for tbe quarryiug; the rail way station on th;< Hurunui-Bluif line is within a few hundred yards; thero is a clear and constant supply of pure water for washing and all other purposes; and the district around for fully 50 miles in every direction ia notably one of the most prolific for pastoral and agricultural pursuits—its woolb, as ia well known, having commanded the highest price in the London markets. This latter fact alone, the promoters feel, ought lo recommend the project. With such natural advantages for conducting the business of a Woollen Manufactory, the moat scepti cal should be satisfied that the project is a good one, and the Company wißbeable, even with ordinary management, to' compete successfully with the world. The success of other woollen companies in the colony, in places where 6o many combined advantages do not exist, ought also to give assurance that the undertaking will prove highly remunera tive. It is estimated that £25,000 (IPs per share only) will be required during the first two yeara ; and the calla will be made at long intervals, so as to bring it within the means of tho working man to nvest; the Promoters therefore appeal to the public generally to assist in an oriti rprise which will necessitate the employment of a large number of peraons. It io proposed to purchase from Great Britain tho very best and most modern machinery obtainable. Applications for Shares to bo made to the Bank of New Zealand at Mataura, Wellington, Christ church, liivereargill, and Dunedin, or to any of the Company's Brokers. Those who have already agreed to take up Shares will oblige by filling up application forma and pay ing deposit on or before Ist November next. ISs Soyal Mail. 