Page 4 Advertisements Column 2

Star (Christchurch), Issue 4307, 10 February 1882, Page 4

Public Companies. PROSPECTUS OF Keast and MCaktht (LlMITB»,) DUNEDIN BBEWEET, Fillenl and London streets, Daacdi*. T» be Incorporated under the Companies Act Liability Limited to the amount of the Shares. Capital £50,000, Divided into 50,000 Sharos of £1 oach. The present Proprietors retain 10,000 Shares, or any number not loss than 6000 at the option of the 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 2s eight months after allotment 2s twelve months after allotment. No further call for five years, whon, if neoessn»y, Ss per share may be called up. Provisional Directors (With power to add.) Mr "Win. Gregs? i Messrs Win. Gregg and Co.) Sir Geo. Denniston (Denniston and Co.) Mr VT. G, Neill (Neill Bros.) Mr Wm. Watson (Martin and Watson) Mr Geo. Esther (Esther and Low) Mr T. S. Graham (Heymanrou and Low) Mr Wm. Wright (Director Commercial Property and Finance Company, Limited) Mr J. B. Thomson, Builder Mr Frnncis Meenan, Produce Merchant Mr Alox. Inglis (A. and T. Inglia) Mr John Goldor (President Licensed Viotuallera' Association) Mr John Donaldson, Glasgow Pie House Mr N. Moloney, Ocean View Hotel Mr J. D. Hutton, St Kilda Hotol Mr John Carroll, European Hotel Mr Hugh Ross, Anderson Bay Mr Francis Porter", Cavorsham Mr Patk. Kaligher, Crown Hotel Mr Cornelius Bunbnry, Grange Hotel Mr Jamea Daly, White Horso Mr Francis M'Grath. Harp of Erin Hotel Mr Henry Scott, Scott's Hotel Mr Jas. Liston, Kobert Bnrns Hotel Mr John Hardie, North Dnnedin Hotel Mr Thos. Oliver, Sussex Hotel Mr Edward Holmes, Bdwlinsc Green Hotel Mr Thomas Dodson, Provincial Hotel, Port Chalmers Mr Georgo Chick, Chick's Hotel, Port Chalmers Mr James Morkaue, Royal Hotol, Pop* Chalmers Mr Robert Neill Keast and M'Carthy) Mr John Boyd (Koast find M'Carthy). Bankers : Bank of Australasia. Solicitors : Macassey, Macdermott and Kettle. Manaoixo Diiiector . Mr John Boyd. Brokers : Mr W. L. Simpson, of Trust and Exeontora Company (lat« Resident Magistrate), Princes street ; Messrs R. and A. J. Park, High street, Dunedin ; Macdosald and Barns, Christchuroh. This Company is formed to purchase and carry on the old and well-established Browery and Malting Business of " Keast and M'Carthy, Duntdin." The property consists of tho brewery premises (freehold) comprising upwards of three-quarters of on acre, situated across the head of Hanover street, and near .the junction of London andFilleul streets, ■with long frontage to the two latter, on which ore erected brewery, malt-house, stores, offices, dwel-ling-houses, &c. ; together with tho 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 ; valuable water right, and tho goodwill and trade name of the firm. The firm of "Keast and M'Carthy" has bee* established for upwards of twenty yoars, and their success has been such as strongly confirms general repute as to tha profitable nature of a brewery business. At tho outeet of their career the capital of the firm was very small, and when, a few months ago, after the death of Mr M'Oarthy, the books 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 oortifled 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 liberal discount off the stock on hand, and a large provision for contingencies, tho surplus available for division — after discharging all liabilities — was £20, 128. That this was a very safe minimum figure is patent from the fact that the balance-sheet at the same period, as carofully prepared by Mr Eskdale, the Manager, in view of an impending change in the firm, representing a surplus of assets over liabilities (after setting asido 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 the partners not having been taken into account either by Mr Eskdale or tho auditors. In addition to this it must be mentioned that when stock was taken in July, immediately after the agreement for pnrchaseby the present proprietors, it was found that, notwithstanding the unsettled state of affairs consequent on tho death of Mr M'Carthyj the net assets had increased by £1435. This profit was of course so much of an advantage to the purchasers, and is now included in the property which the Company takes. The whole of the property, business, and interests of the retiring firm aro taken over for the sum of £23,000, but £3000 of this amount ia at present hold on mortgage at 7 per cent, per annum, and will not he payable by the Company for five years. Since tho present owners took possession the trade of the concern has gradually increased, and there are now on the hooks tho names of 400 customers, 17 of whom draw no otheri.colonial nle or porter. From the tacts already stated it is manifest Gnat tho enterprise is quite above the sphere of ordinary speculation which characterises new ventures. The Company enters at once on an established and profitable business, which has been well proved, and which offers a first-class field for the co-operation of nnmbersand capital. The object of forming the business into a compant 13 to secure the introduction of such AN AMOUNT OF CAPITAL AS WILL AT LEAST EQUAL TDK KBSOUnCES EMPLOYED BT MESSRS KE AST AND M'CARTHY, AND THAT THE BUSINESS SHALL BE MADB MORE PBKMAWEKTIiT TOOFITADIiB DX IMCI.UDIITO XJ* THE PROPRIHTART A NUMBER OF HOTBLKBEPEBS AND THE GENERAL PUBLIC, ALL OF WHOM WILL HAVE AN INTEREST IN PROMOTING, DIRECTLY AND INDInBCTLY, THE PEOSPERITT OF TEE CONCERN. As illustrating the success likely to attend tho enterprise, it may be mentioned that a firm in Christchurch (Ward and Co.) disposed of their Brewery business to a Limited Liability Company, and so high does thiß Company stand in the estimation of tho public that its shares, with £6 paid paid, ore now selling at £9 and £9 10s. Every application for shares will he duly considered, but if no allotment be mado the deposit will be returned without deduction, and if a less number be allotted than applied for, the surplus portion of the deposit will go in reduction of the amount to be 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 Notiocf Cl R U I T IN QUANTITIES FOR JAM. APRICOTS FROM 6d Peb lb. PLUMS FROM 4d. at H. STEWART'S, COLOMBO STREET. NOTICE OF REMOVAL. W • tjTILLE3PIS & C_/0., ! Have REMOVED to LOWER HIGH STREET, Opposite Mr Jenkins' Saw-mills. J. NIXON, TIMES TAILOR, The only Tailor in Sydenham (Late J. Barnett), HAVING Bemoved to tho Shop in front of Johnston's Hotel, Railway Gates, Colombo street, wishes to inform his customers and tho public that ho can still supply suits as cheap as ever, 'l'weed suits from £3 15s ; trousers from 16s 6d. 2608 — _ rs JCarquhab FURRIER, GLOVES, &o. Near Dr Doamer's, Armagh Street. All orders will receive the most carefu attention. Tho trado supplied as usual witr Harvesting or Qorso-cuttinp Glovee, Ohamoii Jackets, Loggings, School Bag?, Oarpen'eTt Pockets, &c. Furs cleaned, dros3ad, and made up oi altorfd to prevailing fashion. hb6i TO BUILDERS, CONTRACTORS, AND HOUSE AGENTS. S VICTOR ha 3 again resumed Uusuiohbod 6 his own account as Gluzior, Paporhsnger, find Faintor. Printing and Glazing from id per foot (htour only), and from 4}d por bot (rcmteria! found). Pnparhiinj;iEg from Is pc/ piece, iuiuhng don;- et iaweßt rates. JEstimatos given for cossorvatorieß, &o. S. Victor, Parker's Buildings, Gloucester atroot, oppoeito Theatre Royal. 9553