Page 4 Advertisements Column 6

Evening Star, Issue 3654, 7 November 1874, Page 4

PROSPECTUS. PEGS PECTUS OF T«fl ALBION BREWING AND MALTING COMPANY (Limited), DUNEDIN. Capital £40,000, In 40,000 Shares of £1 each. Eight per cent, guaranteed. Two Shillings and Sixpence to be paid on Application ; Two Shillings and Sixpence on Allotment; and Five Shillings per Share on the Ist June, 1875 ; Five Shillings on the Ist August; and Five Shillings on the Ist October. THE NEW ZEALAND DISTILLERY COMPANY having entered into an Agreement with the Government of New Zealand to abandon the business of Distillation on the 30th June, 1875, are now prepared to offer to the public their Premises and Plant, for the purpose of establishing a Brewery and carrying .their present large Malting business (for which they are admirably adapted) on terms which it will be admitted, on consideration of the following particulars, are of the most advantageous character, viz.;— The Freehold Property comprises two full acres of land, in a block having frontages to Cumberland and Castle streets. The Buildings, bnilt of brick and stone, with slated roofs, are of a most substantial character. Plant (the greater portion of which is suitable for a Brewery arid Malting Establishment) is complete and perfect in every respect—the only addition required for a Brewery being a Cellar which can be erected for about L 2.000. With this and some trifling alterations, the Plant will be available for Brewing purposes within a month or six weeks from the date at which the Distillery Company are required by law to cease operations. I Malt Floors and Kilns.—There are on the property two Malt Floors and Kilns capable of turning out from 1,000 to 1,200 bushels of malt per week ; and from the advantageous position of the work, having a i rentage to the Bay, and receiving the benefit of the cool draughts of air which continually proceed therefrom, Malting can be carried on all the year round, which is quite an exceptional thing, even in the Old Country. The Malt from this establishment has always commanded the highest price of any produced in New Zealand; and the supply for some time back bas been inadequate to the demand. The Beer produced from this Malt is of the very best quality. .The profits from this branch of the business may be expected to be of a very substantial character, as during the past year, even with the limited amount of Malt available for sale, they exceeded L 2,500. And as there would be a large quantity to dispose of in connection with a Brewery, the yearly profits would he proportionately increased. The capabilities of the Premises arid Plant for the purposes of a Brewery have been carefully examined and estimated by a competent authority (a gentleman who built some of the largest Breweries in the neighborhood of Edinburgh), who states that from 400 to 500 hogsheads of Beer could be made per week when the trade required it, which is greatly in excess of the quantity which can be turned out by any other Brewery in New Zealand. This capability to produce so much more Beer at very little extra cost of management must always give the Albion Brewery Company a great advantage over other Brewing Establishments, and as the trade is increasing greatly here, ana being opened up with the neighboring Colony of New South Wales and Fiji, no doubt the full power of the Company’s Works would [ very shortly be called into operation. Water Supply.—The Distillery Company, at considerable expense, constructed a covered Brick and Cement Reservoir on Mr Logan’s property, next the Town Bolt, and laid pipes to the Distillery, thus obtaining a private supply of the best watpp jn the District, free from every impurity, for tjie purposes of steeping Malt, Distilling, or Brewing.‘ Cottages.--On the Property are three (3) substantial feutsroomed Cottages, for the use the Principal Employes of the Company, who require to reside on the Premises. Value of Land, &c.~The Land, Buildings, and Plant of the Distillery Company were valued by Messrs Blair and M’Gregor, in March last, for a local public company, at L 27.450. Since then land in the neighborhood has been sold considerably in excess of their estimate; and there can be no doubt that id a very few years' this property will double its present value, contiguous as it is tp Railway Terminus, Jetties, and other important lines of traffic, A short siding, of about thirty yards in length, will enable the Company tp place their goods on the railway oars, thus saving a large yearly expenditure in cartage. Price of Property.—The present proprietors require for the Land, Buildings, and Plantcomplete (including the private water supply) the sum of L 30,000, out of which they will pay all the preliminary expenses of floating the Company ; andso confident are they of the success of the business, that they are willing to take paid up shares to the value of L 15.000 as part payment of the purchase-money, and will further guarantee 8 per cent, on the paid-up capital for two years from the commencement of the business, and will give good and sufficient security for the due payment of this guaranteed interest—such security to be lodged in the bands of any Trustees the Directors may appoint. They feel perfectly secure in undertaking this prospective liability, from the fact that the profit on the malt alone should pay over 10 per cent, on the paid-u capital. As to the profits of breweries all over the world, it is not necessary here to dilate: they are known to be large, and to compare favorably with any other business that can be named. Capital. —When the shares are all disposed i there will, after purchasing the property, be i ample funds to make the .alterations before i alluded to, and to carry on the business, as the ( sale and returns from beer are almost immediate. I Staff. —There is at present in the employment of the Distillery Company a complete staff of competent experts, whose services are at the disposal of the Brewing and Malting Company. The present manager (than whom a more competent man is not to be found in these Colonies] is willing to undertake the management pf the new concern j and the Company’s experienced traveller (Whose qjlalifications are well known) is also open to engagement. ™ Quality of Beer. —It will be the determination of the Albion Brewing Company to send I out nothing but the best quality of beer, and t-hus secure a lasting and constantly increasing demand for their brand. The sole reason the present favorable opportunity is offered to the public for investing their capital to such advantage, is that the present proprietors of the property desire to retire for a time from the active management of business. They are thoroughly confident that 1 , under proper management, no business in the Colony will yield a better return than that of the Albion Brewing and Malting Company (Limited), when once fairly established. Insurance has been effected on the buildings and plant to the extent of L 20,000. This prospectus is thus early laid before the public, to enable the new Company to get their cellar erected, make the necessary alterations, arrange barley contracts, manufacture malt, and have everything in readiness to commence operations as soon after obtaining possession of the premises as possible. The Distillery’ Conipaay hope to have manufactured the inaxinium quantity of spirits allowed in their contract with the Government about the end of April in which case they will at once hand over the property to the Albion Company, and so enable them to commence operations before the date above-named. Applications for shares to he sent to MESSRS WEBB & FULTON, Dunedin. _ PROVISIONAL DIRECTOR^. js “ d M ° w *) Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott W, J. M. Larnach Mr W. D. Murison Mr Robert Paterson (Paterson and M'Leod) Mr David Proudfoot Mr Job Wain, junr. Mr H. J. Walter Mr Robert Wilson. BANKERS. Bank of New Zealand, Dunedin. mmoikjbb. Messrs Haggitt Jam, wwl Brent,