Page 4 Advertisements Column 6

Evening Star, Issue 3713, 16 January 1875, Page 4

PROSPECTUS. PROSPECTUS OP 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 j 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 June, 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 x 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 but 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 receiving 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 Brick 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 of the Principal Employes of the Company, who require to reside on the Premises. Value of Land, &c.—The Land, Buildings, and Plant of the Distillery Company were valued by Messrs Blair and M‘Gregor, in for a local public company, at D 27.450. Since then land in the neighborhood has been sold considerably in excess of their estimate; and there can be no doubt that in 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 m 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 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 Comply ; 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-np 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 appoint. 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. Capital—When the shares are all disposed of, there will, after purchasing the property, be ample funds to make the alterations before alluded to, and to carry on the business, as the sale and returns from beer are almost immediate. Staff.—There is at present in the empP”' ment of the Distillery Company a compl staff of competent experts, whose services at the disposal of the Brewing and Malti Company. The present manager (than wh a more competent man is not to be found these Colonies) is willing to undertake i management of the new concern ; and the Co pany’s experienced traveller (whose qnalifi tidns are well known) is also open to ehga ment. , Quality of Beer. —lt will be the determi tion of the Albion Brewing Company to sie out nothing but the best quality of beer, a thus secure a lasting and constantly inereasi demand for their brand. The sole reason the present favorable oppi 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 management business. They are thoroughly confident th under proper management, no business in t Colony will yield a better return than that the Albion Brewing and Malting Oompa (Limited), when once fairly established. Insurance has been effected on the biuldin and plant to the extent of L 20.000. This prospectus is thus early laid before t ablic, 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 oommen operations'as soon after obtaining possession the promises as possible. The Distillery Coi pany hope to have manufactured the maximi quantity, of splits allowed in their contra with the Government about the end of Apr in which case they will at once hand oyer t property to the Albion Company, and so enal them to commence operations before the da above-named. Applications for shares to be sent to MESSRS WEBB & FULTON, Dunedi PKO VISIONAL DIRECTOBS, Mr James Anderson (Anderson and Mowal Mr James Brown Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott Mr W, J. M. Larnach Sir W. D. Murison Mr Robert Paterson (Paterson and M'Leod Mr David Proudfoot Mr Job Wain, junr. Mr H. J. Waiter Mr Robert Wilson. bankebs. Bank of New Zealand, Dunedin* ..sou coetoW