Page 3 Advertisements Column 1

Otago Witness, Issue 1205, 2 January 1875, Page 3

BUSINESS NOTICES. ' PROSPECTUS OF THE ALBION BREWING AND MALTING COMPANY, LIMITED, Dunedin. DAPITAL '. £40,000. In 40,000 Shares of £1 each. Eioht Per Cent. Guaranteed, Two shillings and sixpence to be paid on application : two shillings and sixpence on allotment j and five shillings per share on the Ist June, 1875 ; five shillings on the Ist August ; and five shillings on the Ist Ootober. The New Zealand Distillery Company "W/ing entered into an agreement with the C-Aerument of New Zealand to abandon ihe f' .mess of distillation on the 80th June, ! TS75 > are now prepared to offer to the public their Premises and Plant, for the purpose of a Brewery, and carrying on their present large Malting business (for which they are admirably adapted) on terms Whioh 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 Cumqerlani and Castle streets. Thii Buildings, built of brick and stone, with/slated roots, are of a most substantial character. \ Plant (the greater portion of which is suitable/ for a Brewery and Malting establishinemt) is complete and perfect m every re*Bot— the only addition required for a Brew■L being a cellar, which can be erected for Proout £2000. With this andsometrifling alterations, the Plant will be available for Brewing purposes within a month or six weeks from j the date at which the Distillery Company are required by law to cease operations. Malt Floor and Kilns. — There are on the property two Malt Floors and Kilns capable of turning out from 1000 to 1200 bushels of malt per week ; and from the advantageous position of the works, having a frontage 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^ bajS always commanded the highest price' of any produced in New Zealand ; and the supply for some time back has 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 £2500. And as there would be a large quantity to dispose of in connection with a Brewery, the yearly profits would be proportionately increased. The capabilities of the Premises and 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 neighbourhood of Edinburgh), who states that fijom 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. Thig 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 ib increasing greatly here, andbeing opened up with the neighbouring Colonies 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 Belt, and laid pipes to the Distillery, thus obtaining a private supply of the best water in the dis*yct, free from every impurity, for the purWyea of steeping malt, distilling, or brewing. ■■Cottages. — On the property are three (3) substantial four-roomed Cottages, for the use of the principal employes of the Company, who require to reside on the premises. Value of the 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 £27,450. Since then, land in the neighbourhood has been sold considerably in excero of itheir estimate ; and there can be ho doubt that in a very few years this property will double its present value, contiguous as it is to the Railway Terminus, jetties, and other important lines of traffic. A short siding, of about 30 yards in length, will enable the Company to place their goods on the railway cars, thus saving a large yearly expenditure in cartage. Price of Property. — The present proprie tors require for the land, buiidings, and plant complete (including the private water Bupply) the sum of £30,000, out of which they will pay all the preliminary expenses of floating the Company ; and so confident are they of the success of the business, that I they are willing to take paid-up shares to I the value of £15,000 as part payment of the I purchase-money, and will further guarantee IS per cent, on the paid-up capital for two jyears from the commencement of the busiIness, and will give good and sufficient ■MHjity for the due payment of this guaran■f^in^rest— such security to be lodged in He hands o£ any trustees the directors may Rpoint. Tftey feel perfectly secure in Koder taking tKi^f prospective liability, from Ihe fact that the profit on malt alone should Ray 10 per cent, ori^the paid-up capital. As o the profits of brewmeß all over th.o world t is not necessary hert/tfi- dilate ; they are ;nown to be large, and to comparo favourbly with any other business that can be amed. Capital.— When the Shares are all dis>osed of, there will, after purchasing the J roperty, be ample funds to make the alteralions before alluded to, and carry on the meiness, as the sale and returns from Beer kre almost immediate. Staff. — There is at present in the employnent of the Distillery Company a complete Jtaff of competent experts, whose services tre at tho disposal of the Brewing and Malt-