Page 10 Advertisements Column 3

Evening Post, Volume CV, Issue 146, 21 June 1923, Page 10

CO-PAKTNER-SHIP IN BREWING INDUSTRY.

STOCK OI'TEJiED TO PUBLIC.

10 PER CENT. MORTGAGE DEBENTURES.

The public are now offered the opportunity of securing a. financial interest in the brewing industry of the Dominion. This class of business is one of the country's leading industries. Tmi of the largest brewing businesses in the Dominiun arc being amalgamated under the title of New Zealand Breweries Limited, with a total capital of £1,500,000. These firms comprise the breweries known as Speight's, Strachan's, M'Gavin's (Dunedin), The Crown, Ward's, Manning's (Christchurch), Staples' (Wellington), Barr/s (Gisborne), and The Lion and Hancock's. (Auckland). .These firms have hitherto provided practically three-fourths of the total output of beer manufactured in New Zealand. Applications are now invited from the public for £1,000,000 10 per cent, first mortgage debenture stock in New Zeal.md Breweries Limited. The issue is secured !>y a trust deed in favour of the Nf.Z. Insurance Co., Ltd., as trustee for the debenture.-holdiers. The payment of interest is guaranteed for three years l»y the N.Z. Insurance Co., Ltd., while Hie debenture stock is secured by a mortgage on the property of t,ho companies concerned in the amalgamation. Interest will be payable quarterly, fret' nf exchange and free of income tax, as provided in tho prospectusThe new company has been formed in order to afford the public an opportunity of becoming financially interested in the industry and also to facilitate certain desirable reforms The prospectus is an interesting and comprehensive document of twenty pages, and explains fully the scope of the new company, and the nature of the investment. It may be obtained from, and applications for debentures : may be made to, any member of a Stock j Exchange affiliated to tho Stock Exchange Association of New Zealnnd. tho ! local banks, offices of any of the vendor ! companies, or Ihe interim secretary,- Ac- j uoun'fcants' Chambers. 39, Johnston strtct, Wellington-— Advt. ]