BIG BREWERY MERGER.

Waikato Times, Volume 97, Issue 15274, 26 June 1923, Page 6

BIG BREWERY MERGER.

£1,000,000 10% MORTGAGE DEBENTURE STOCK OFFERED TO PUBLIC. What is perhaps the biggest industrial flotation ever carried through in the Dominion, is the formation of New Zealand Breweries Limited—an amalgamation of ten of the largest and most successful brewery businesses in the country. The breweries acquired comprise:— Speight’s, Strachan’s, McGavin’s, The Crown, Ward’s, Manning’s, Staples’, Barry’s, The Lion, and Hancock’s. The capital of the new Company is £1,500,000, and applications are invited from the public for £1,000,000 TEN PER CENT. First Mortgage Debenture Stock. The investment has numerous attractive features. In the first place, the issue is secured by a Trust Deed in favour of the N.Z. Insurance Co., Ltd., as Trustees for the Debenture Holders. This constitutes a first specific charge on the freehold properties of the Company, and a first floating charge on all its assets and undertakings. » Interest is to be payable quarterly, free of exchange and free of income tax as provided in the prospectus. The. New Zealand Insurance Co., Ltd., will guarantee the payment of interest for three years. The assets of the Company have been valued by competent anthorities, and the supporting figures are given fully in the prospectus, which is a comprehensive and .interesting docum. ..i of twenty pages. It should be read by all who arc looking for a sound investment.' The prospectus may be obtained from, and applications for debentures may be made to, any member of a Stock Exchange affiliated to the Stock Exchange Association of N.Z., the local Banks, Offices of any of the vendor Companies, or the Interim Secretary, Accountants’ Chambers, 39 Johnston Street, Wellington. 590