Page 20 Advertisements Column 1

New Zealand Tablet, Volume IX, Issue 459, 27 January 1882, Page 20

PROSPECTUS „ OF TTEAST AND MCCARTHY'S (LIMITED) XV DUNEDIN BREWERY, Filleul and London Streets, Dunedin. To be Incorporated tinder the Companies Act ; Liability Limited to the Amount of the Shares. CAPITAL ... ... ... £50,000. Divided into 50,000 Shares of £1 each. fbe present Proprietors retain 10,000 Shares, or any number not less than 6000, at the option of the Provisional Directors. It is proposed to call np 9s. per Share, payable as follows :—: — Is. per Share on application 2s. per Share on allotment 2s. four months after allotment 2s. eight months after allotment 2s. twelve months after allotment. No further call for five years, when, if necessary, 3s. per Share may be called up. Provisional Directors (with power to add) : Mr. WM. GREGG (Messrs. Wm. Gregg and Co.) Mr. GEO. DENNISTON (Dennistonand Co.) Mr. W. G. NEILL (Neill Bros.) Mr. WM. WATSON (Martin and Watson) Mr. GEO. ESTHER (Esther and Low) Mr. T. S. GRAHAM (Heymanson and Low) Mr. WM. WRIGHT (Director Commercial Property and Finance Company, Limited) Mr. J. B. THOMSON, Builder Mr. FRANCIS MEENAN, Produce Merchant Mr. ALEX. INGLIS (A. and T. lnglis) 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's Bay Mr. FRANCIS PORTER, Caversbam Mr. PATK. KELIGHER, Crown Hotel Mr. CORNELIUS BUN BURY, Grange Hotel Mr. JAMES DALY, White Horse Mr. FRANCIS M'GRATH, Harp of Erin Hotel Mr. HENRY SCOTT. Scott's Hotel Mr. JAMES LISTON, Robert Bums Hotel Mr. JOHN HARDIE, North Dunedin Hotel Mr. THOS. OLIVER, Sussex Hotel Mr. EDWARD HOLMEB. Bowling Green Hotel Mr. THOMAS DODSON, Provincial Hotel, Port Chalmei* Mr. GEORGE CHICK, Chick's Hotel, Port Chalmers Mr. JAMES MORKANE, Royal Hotel, Port Chalmen Mr. ROBERT NEILL (Keast and McCarthy) Mr. JOHN BOYD (Keast and McCarthy). Bankers : BANK OF AUSTRALASIA. Solicitors : MACASSEY, MACDERMOTT, AND KETTLE. Managing Director: MR. JOHN BOYD. Brokers : MR. W. L. SIMPSON, of Trust and Executors Company (late Resident Magistrate), Princes street ; Messrs. R. and A. J. PARK, High street. This Company ia formed to purchase and carry on the old and well-established Brewery and Malting Business of "Keast and M'Carthy," Dunedin. The property consists of the Brewery Premises (freehold), comprising upwards of three-quarters of an acre, situate across the bead of Hanover street, and near the junction of London and Filleul streets, with long frontages to the two latter, on which are erected Brewery, Malthouse, Stores, Offices, Dwelling-houses, etc. ; together with the extensive Plant, Stock-in-trade, Book Debts, Rolling-stock, and also certain freehold and leasehold Hotel Properties and Mortgages on other Hotels, etc., in Canterbury and Otago ; valuable Water-right, and the Goodwill and Trade Name of the Firm. The firm of " Keast and M'Carthy " has been established for upwards of 12 years, and their success has been such as strongly confirms general repute as to the profitable nature of a brewery business. At the outset of their career the capital of the firm was very small, and, when a few months ago» after the decease of Mr. M'Carthy, the books were placed in the bands 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 bill* on hand or under discount, a liberal discount off the stock on hand, and a large provision for contingencies, the surplus available for division — after discharging all liabilities- was £20,128. That this was a very safe minimum figure is patont f ron> the fact that the balance-sheet at the same period, as carefully prepared by Mr. Eskdale, the manager, in view of an impending change in the firm, represented a surplus of