Page 3 Advertisements Column 4

Evening Star, Issue 3656, 10 November 1874, Page 3

PROSPECTUS. PROSPECTUS op tkl: ALBION BREWING AND MALTING COMPANY (Limited), DUNEDIN. Capital ... £40,000, In 40,000 Shares of £1 each, rn ci l )er . ceut - guaranteed, livo Shillings and Sixpence to be paid on Application; Two Shillings and Sixpence on Allotment; and Five Shillings per Share on the Ist June, 1875; Five Shillings on the Ist August; and Five Shillings on the Ist October. T H nmip a at ¥ J AND COM! AN\ having ‘entered into an Agreement with the Government of New Zealand to abandon the business of Distillation on the 30th June, 1575, arc now prepared to offer to the public their Premises and Plant, for the purpose of establishing a Brewery and carryingon their present largo Malting business (for which they arc admirably adapted) on terms winch it will be admitted, on consideration of the following particulars, are of the most advantageous character, viz,:— The Freehold Properly comprises two full acres of land, in a block having frontages to Cumberland and Castle streets. The Buildings, built of brick and stone, with slated roofs, are of a most substantial dmracter, Pianfc (the greater portion of wliicli is snitaljlc . for a Brewery and Malting Establishment) is complete and perfect in every respect—the only addition required for a Brewery being a Cellar which can bo erected for about L 2,000. With tins and some trifling alterations, the Plant will be available for Brewing purposes within a month or six weeks from the date at which the Distillery Company are required by law to cease operations. Malt lloors and Kilns. —There are on the property two Malt Floois and Kilns capable of turning out from 1,000 to 1,200 bushels of malt per v.eek ; and from the advantageous position et thowork, having a •ronto go to the Bay, and receiving the benefit of the cool draughts of air winch 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 has 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 L 2,500. And as there would he a large quantity to dispose of in connection with a Brewery, the yearly probe 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 neighborhood of Edinbmgh), who states that from 400 to 500 hogsheads of Beer could be made per week when the trade required it, which is greatly iu excess of the quantity which can be turned out by any other Brewery in New Zealand. This '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 is increasing greatly lieie and being opened up with the. neighboring Colonv of New South Wales and Fiji, no doubt the lull 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 Bolt, and laid pipes to the Distillery, thus obtaining a private supply of the_ best water in the District, free from every impurity, for the purposes of steeping Malt, Distilling, or Brewing. Cottages.—On the Property are three (3) substantial four-roomed Cottages, for the use the Employes of the Company, who require to reside on the Premises. Value of Laud, &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 L 27,450. Since then land in the neighborhood has been sold considerably in excess of their estimate; and there can be no doubt that iu 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 thirty yards in length, will enable the Company to place their goods on the railway ears, thus saving a large yearly expenditure in cartage. Price of Property.— The present proprietors require for the Ljukl* Buildings, and Plant complete (including the pTlvate water supply) the sum of L 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 they are willing to take paid-up shares to the value of L 15,000 as part payment of the purchase-money, and will further guarantee 8 per cent, on the paid-up capital for two yeans from the commencement of the business, and will give good and sufficient security for the due payment of this guaranteed interest-snob security to bo lodged in the hands of any Trustees the Directors may appoint. They feel perfectly secure in undertaking this prospective liability, fio-u the fact that tnc profit on the malt aiono should pay over 10 per cent, on the paid-u - capital. As to the profits of breweries all over the world, it is not necessary hero to dilate : they are known to be large, and to compare favorably with any other business that can be named. Capital. —W hen the shares are all disposed of, there will, after purchasing the property, he ainple funds to make the alterations before alluded to, and to cany on the business, as the sale and returns from beer are almost immediate, otan.— 1 here is at present in the employc* 10 ])istil!e >T Gompany a complete stab of competent experts, whose services are at the disposal of the Brewing and Malting Company. The present manager (than whom a more competent man is hot to he found in these Colonics) is willing to undertake the management of the new concern ; and the Company s experienced traveller (whoso qualilicamei'1 1U ° I;UCA ™' is a "' ; 0 °Pt'ii to engageQuality of Beer. —lt will be the determination ot the A'bion Brewing Company to send out nothing hut the best quality of beer, ami thus secure a lasting and constantly increasin''' demand for their brand. J he sole reason the present favorable opportunity is offered to the public for investin'' their capital to such advantage, is that the present proprietors of the property desire to retire for a time from the active management of business. They are thoroughly confident that under proper management, no business in the C olony will yield a better return than that of tbe A*cion Brewing ami Malting Company (Eiuutea), when once fairly established. insurance has been effected on the buildings and plant to the extent of L2O 000. This prospectus is thus early laid before, the public, to enable the new Company to got their cellar erected, make the necessary alterations, an an go barley contracts, manufacture malt, and ha\e everything in readiness to commence operations as soon after obtaining possession of the premises as possible. The Distillery Company hope to have manufactured the maximum qiiautity of spirits allowed in their .contract with the Government about the end of April in which case they will at once hand over the property to the Albion Company, and so enable them to commence operations before the date above-named. Applications for shaves to be sent to MLb&lib M LBB & FULTON, Uuncdin. provisional Din Kerens. Mr James Anderson. (Andeivou and Mownt) Mr James Brown Mr Henry Driver Mr Geoige Dodson Mr Geo. W. Eliott Mr W, J. M. Larnach Mr W. I). Murisou Mr Robert Paterson (Paterson and M‘Lcofi) Mr David Proudfoot Mr Job Wain, in nr, Mr H. J. Walter Mr Robert Wilson. BAN KERB, Bank of New Zealand, Dunedin. SdMCITOBB. Messrs Haggitt Bros, and Brent, .' >