Page 4 Advertisements Column 5

Evening Star, Issue 3716, 20 January 1875, 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 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 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 receiving the benefit of the cool draughts of air which continually proceed therefrom, Malting can be carried on all the year round, which is ?uite an exceptional thing, even in the Old lountry. 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 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 here, ana 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 Cemfent 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 of the Principal Employes of the Company, who require to reside on the Premises. Value of Land, &c.—The Land, Buildings, &nd 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 m the neighborhood has been sold considerably in excess of their estimate; and there can be no doubt that inf 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 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 Loo,ooo, 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 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. Capitab—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 employment of the Distillery Company a complete staff 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 not to be found in these Colonies) is willing to undertake the management of the new concern: and the Company’s experienced traveller (whose qualifications are well known) is also open to engagement. , Quality of Beer. —It will be the determination of the Albion Brewing Company to send out nothing but the best quality of beer, and thus secure a lasting and constantly increasing demand for their brand. The sole reason the present favorable opportunity is offered to the public, for investing 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 Colony will yield a better return than that of the Albion Brewing and Malting Company (Limited), when once fairly established. Insurance has been effected on the buildings and plant to the extent of L 20.000. This prospectus is thus early laid before the ablio, to enable the new Company to get their ellar erected, make the necessary alterations, arrange barley contracts, manufacture malt, and have 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 quantity of spirits allowed in their contract with the Government about the eud 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 shares to be sent to MESSRS WEBB & FULTON, Dunedin. PROVISIONAL DIRECTORS. Mr James Anderson (Audfcrsbn and Mr James Brown Mr Henry Driver Mr George Dodson Mr Ged. W. Eliott Mr W, J. M. Larnafch Mr W. D. Munson Mr DS«Sot (Patemn : Mr Job Wain, junr. Mr H. J. Walter Mr Robert Wilson. BANKERS. Bank of New Zealand, Dunedi SOLICITORS, MeMrr|H*ggitt Bros. »nd Biel