Page 4 Advertisements Column 2

Star (Christchurch), Issue 4306, 9 February 1882, Page 4

Public Companies, PROSPECTUS OF iV EAST AND J3 A CaSIHY (Limited.) DTJJTEDIN BREWERT, Filloul and London streets, Duncdia. To ba Incorporated nnder the Companies A«t Liability Limited to the amount of the Shareg. Capital £30,000, Divided into 50,000 Shares of JSI each. The present Proprietors retain 10,000 Shares, or any number not Ipss than 6000 at the optioa of tho Provisional Directors. It is proposed to call up 9s per Share, payable as follows : — Is per share on application 2s per share on allotment 2s four mouths after allotment 2h eight months after allotment I 2s twelve months after allotment. I No further call for five years, when, if necessary, 3a per shore inny bo called up. Provisional Directors (With power to add.) Mr Wm. Gregg (Messrs Win. Gregg and Co.) Mr Geo. Donnistou (Denniston and Co.) Mr W. G, Neill (Neill Bros.) Mr Wm. Watson (Martin and Watson) Mr Geo. Esther (Esther and Low) Mr T. S. Graham (Heyinan»on and Low) Mr Win. Wright (Director Commercial Property and Finance Company, Limited) Mr J. B. Thomson, Bnilder Mr Francis Meonan, Produce Merchant Mr Alex. Inglis (A. and T. Inglis) Mr John Golder (President Licensed Victuallers' Association) Mr John Donaldson, Glasgow Pie House Mr N. Moloney, Ocean View Hotel Mr J. D. Hutton, St Kilda Hotel Mr John Carroll, European Hotel Mr Hugh Ross, Anderson Bay Mr Francis Porter, Caversham Mr Patk. Kaligher, Crown Hotel Mr Cornelius Bunbnry, Grange Hotel Mr Jtimea Daly, White Horse Mr Francis M'Grath, Harp of Erin Hotel Mr Honry Scott, Scott's Hotel Mr Jas. Liston, Robert Burns Hotel Mr John Hnrdie, North Dunedin Hotel Mr Thos. Oliver, Sussex Hotel Mr Edward Holmes, Bowlinor Green Hotel Mr Thomas Dodson, Provincial Hotel, Fort Chalmers Mr George Chick, Chick's Hotel, Port Chalmers Mr James Morkane, Royal Hotel, Port Chalmers Mr Robert Noill < Keast and M'Carthy) Mr John Boyd (Keast and M'Carthy). Bankers : Bank of Australasia. Solicitors : Macassey, Macderinott and Kettle. Maxaoino Director . Mr John Boyd. BnOKßns : Mr W. L. Simpson, of Trust and Exeentors Company (late Resident Magistrate >, Princes street; Messrs B. and A. J. Park, High street, Dunedin ; Macdoaald and Barns, Christchuroh. This Company is formed to purchase ».nd carry on the old and well-established Brewory and Malting Businoss of " Koast and M'Carthy, Dunedin." The property consists of tho brewery promises (freehold) comprising upwards of three-quarters of an acre, situated across the head of Hanover street, and near the junction of London andFillenl streets, with long frontage to the two latter, on which are erected brewery, malt-house, stores, offices, dwel-ling-houses, &c. ; togother with the extensive plant, stock-in-trade, book debts, rolling-stock, and also oertain freehold and leasehold hotel properties and mortgages on other hotels, &c, in Canterbury and Otago ; Talnable water right, and the goodwill and trade name of the firm. The firm of "Keast and M'Carthy" has been established for upwards of twenty years, and thoir success has been such as strongly confirms general repute as to the profitable nature of a brewery business. At tho outset of their career the capital of the firm was very small, and when, a few months ago, after the death of Mr M'Carthy, the hooks were placed in the hands of two auditors, with instructions to ascertain the absolute minimum value of the estate, owing to legal necessity to dispose of it, they certified that, after having had special reduced valuations made of the real and leasehold properties, and making all allowances for open accounts and bills on hand or under discount, a liWal discount off tho stock on hand, and a large provision for contingencies, the surplus available for division— after discharging all liabilities — was £20,lv!8. That this was a very safe minimnm figure is patent from the faot that the balance-sheet at the same period, as carefully prepared by Mr Eskdole, the Managor, in view of an impending change in the firm, representing a surplus of assets over liabilities (aftor sotting aside absolutely all known bad and doubtful debts) of £25,463 ; the value of the goodwill, trade name, connection of the firm, or private assets of tho partners not having been taken into account either by Mr Eskdale or the auditors. la addition to this it must bo mentioned that when stock waa taken in July, immediately after the agreement for purchasoby the present proprietors, it was found that, notwithstanding the unsettled stato of affairs consequent on the death of Mr M'Carthy, the net assets had increased by £1435. This profit was of course so much of an advantage to tho purchasers, and is now included in the property which the Company takes. Tho whole of the property, business, and interests of tho retiring firm ore taken over for the sum of £23,000, but £9000 of this amount is at present held on mortgage at 7 per cent, per annum, and will not bo payable by the Company for five years. Since the present owners took possession the trade of tho concern has gradually increased, and there are now on tho hooks the names of 400 customers, 17 of whom draw no otherj colonial ale or porter. From thb tacts already stated it is nhiniff st emit the enterprise is quite above the sphere of ordinary speculation whioh characterises new ventures. The Company enters at once on an established and profitable business, which has been well proved, and which offers a firsi>class field for the co-operation of numbers and capital. Thb object of forming thb business into a Company is to sbcurb thb introduction of such an amount of capital as will at least equal thb rhsourcrs employed by messrs kb ast aku m'carthy, and that tub business shall be made horb pbrmanbntly profitablb by including in thb mopbibtabt a nuubbr of hotblkeepers and thb general public, all of whom will have an interest in promotino, diubctly and indirectly, thb prosperity of the concern. As illustrating the success likely to attend the enterprise, it may be mentioned that a firm in Christchurch (Ward and Co.) disposed of their Brewory business to a Limited Liability Company, and so high does this Company stand in the estimation of the public that its shares, with £6 paid paid, are now selling at £9 and £9 10s. Every application for shares will be dnly considered, but if no allotment be made the deposit will bo returned without deduction, and if a less number bo allotted than applied for, the surplus portion of the deposit will go in reduction of tho amount to he paid on allotment. Application for shares will be received up to 15th February, 1882. Copies of the prospectus and forms of application can be obtained from the Bankers, Provisional Directors, the Brokers of the Company, or at the Browery. 2716

Business Notioee LOOK OUT FOB m H E OPENING SALE •F DRAPEBI NEXT WEEK AT THE Gash JD rape rs. GREAT BABGAINS ! K iter's Buildings, Cashol Street. 3098 T» A-e DIMPSBY, TAILOB, Ac Manchester street, opposite Colter's HoUJi Gentlemen's own materials made up* 'Fit, Style and Workmanship Guaranteed,