Page 4 Advertisements Column 5

Evening Star, Issue 3698, 29 December 1874, Page 4

PROSPECTUS. PROSPECTUS OF THE ALBION BREWING AND MALTING COMPANY (Limited), DUNEDIN. Capital £40,000, In 40,000 Shares of £1 each. * > Eight per cent, guaranteed Two 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. THE NEW ZEALAND DISTILLERY COMPANY having entered into an Agreement with the Government of New Zealand to abandon the business of Distillation on the 30th Junn. 1875, are now prepared to offer to the public their Premises and Plant, for the purpose of establishing a Brewery and carrying on their present large Malting business (for which they are admirably adapted) on terms which it will be admitted, on consideration of the following particulars, are of the most advantageous character, viz.;— The Freehold Property 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 character. Plant (the greater portion of which is suitable 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 be erected for about L 2.000. With this 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 Floors and Kilns.—There are on the property two Malt Floors and Kilns capable o turning out from 1,000 to 1,200 bushels of malt per week; and from the advantageous position of the work, having a frontage to the Bay, and rwemng the benefit of the cool draughts of air which 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 be a large quantity to dispose of in connection with a Brewery, the yearly profits would be 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 Edinburgh), who states that from 400 to 500 hogsheads of Beer could be made per week when the trade required it, which is greatly in excess of the quantity which can be turned out by any other Brewery in New Zealand. This capability to produce bo 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 here, and being opened up with the neighboring Colony of New South Wales and Fiji, no doubt the full power of the Company’s Works would very shortly be called into operation. Water Supply.—The Distillery Company, at considerable expense, constructed a covered Bnck and Cement Reservoir on Mr Logan’s property, next the Town Belt, 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, Distilbng, or Brewing. Cottages.—On the Property are three (3) substantial four-roomed Cottages, for the use o£ the Principal _ Employes of the Company, who require to reside on the Premises. Value of Land, &c.—The Land, Buildings, a i j Distillery Company were valued shy 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 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 cars, thus saving a large yearly expenditure in cartage. Price of Property.—The present proprietors require for the Land. Buildings, and Plantcomplete (including the private water supply) the sum of L 30.000, cut 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 years from the commencement of the business, and will give good and sufficient security for the due payment of this guaranteed interest—such security to be lodged in the hands of any Trustees the Directors may appomt. They feel perfectly secure in undertaking this prospective liability, from the fact that the profit on the malt alone should pay over 10 per cent, on the paid-u i capital As to the profits of breweries all over the world, it is not necessary here to dilate; they are known to be large, and to compare favorably with any other business that can be named. ~ When the shares are all disposed of, there will, after purchasing the property, be a nj 6 j Un(^B t° ma^e the alterations before alluded to, and to cany on the business, as the •a* B, « r m ms k® er are almost immediate, otaff.—There ia_ at present in the employment of the Distillery Company a complete staff of competent experts, whose services are m the disposal of the Brewing and Malting Company. The present manager (than whom a more competent man is not to be found in these Colonies) is willing to undertake the management of the new concern : and the Company s experienced traveller (whoso qualifications are well known) is also open to engagement. b . Quality of Beer.—lt will be the defermina- | tion of the Albion Brewing Company to si out nothing but the best quality of beer, £ [ thus secure a lasting and constantly increas demand for their brand. The sole reason the present favorable opp tunity is offered to the public for invest their capital to such advantage, is that 1 present proprietors of the property desire retire for a time from the active managemenl business. They are thoroughly confident th under proper management, no business in 1 Colony will yield a better return than that toe Albion Brewing and Malting Compa (Limited), when once fairly established. Insurance has been effected on the buildii and plant to the extent of L 20.000. This prospectus is thus early laid before f abho, to enable the new Company to get th ellar erected, make the necessary alteratioi arrange barley contracts, manufacture ma and have everything in readiness to commet operations as soon after obtaining possession the premises as possible. The Distillery Co pany hope to have manufactured the rnaximi quantity of spirits allowed in Iheir confers with the Government about the end of Api m which case they will at once hand over t property to the Albion Company, and so enal them to commence operations before the dt above-named. Applications for shares to be sent to MESSRS WEBB & FULTON, Dunecli PROVISIONAL DIRECTORS. Mr JSS Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott W, J. M. Lamach Mr W. D. Murison Mr KdYrSoV 1 ' 1 ' 161 ' 0 " “ 4 Mr Job Wain, junr. Hr a J. Walter Mr Robert Wilson. „ . BANKERS: Bank ol New Zealand* Dunedin, Metaft Hh§itt Cl S*wja g&ft