CO-PARTNERSHIP IN BHEWING INDUSTRY.

Auckland Star, Volume LIV, Issue 147, 22 June 1923, Page 7

CO-PARTNERSHIP IN BHEWING INDUSTRY.

Stock Offered To Public. 10 Per Cent Mortgage Debentures. The public are now offered the opportunity or securing a financial interest In the brewiag; industry or the Dominion. J This class or business is one or the , I country's leartin? industries. ■ ! Ten or the largest brewery businesses 1n • ' the Dominion am being amalgamated ; under the title of New Zealand Breweries, ; ! Limited, -with a total capital or £1,500,000. : ! These firms comprise the breweries known .j as P.peig-ht's, Strachan's, McOavln'3 (Dunej|din). The Crown, Ward's, Manning's j (Christchurch), Staples' (Wellington), ' 1 Barry's (Gisborne), and Tbe Lion and j i Hancock's (Auckland), i These firms have hitherto provided pracj tically three-fourths or the total output or bfer manufactured In New Zealand. Applications are now Invited from the I 'public for £1,000,000 Ten per cent First 3 J Mortpag-e Debenture Stock In New Zealand • J Breweries. Limited. The issue Is ' ! secured by a Trust Deed in favour of the • N.Z. Insurance Co., Ltd., as Trustee for <, the Debenture Holders. The payment of y I interest is guaranteed for three years by b the N.Z. Insurance Co., Ltd., while the s Debenture Stock is secured by a morttrasre d| on the property of the Companies conr j cerned in the amalgamation. Interest will be payable quarterly, free or exchange and free of income tax, as provided in the prospectus. The new Company has been formed in order to afford the public an opportunity ',t bpcominj? financially interested in Hip I industry and also to facilitate c<rta,n II ' desirable rerorni-. v ' The prospectus Iβ an Interesting , and - cr,Nii,fhr-n-ivf rUicurrient or twenty pa;?c». It and explain* rully the scope or the new i .irnpsny. arM the nature r>f the invest is rii'-nl It may he obtained Trom, and applications ror debentures may \f mane to. any rnernher or a Stock Exehanirfl afflil u> tii*' Stock Exchange Association or N<'\v Zealand, the local Banks, Offices or ~ am r 'f the. Vendor Companies or the J Interim Secretary, Accountants' Charnljfr*. , 39,' Johnston street. Welllng-ton.— ml,