Page 4 Advertisements Column 6

Evening Star, Issue 3718, 22 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. m_ r, . per cent, guaranteed. Two Shillings and Sixpence to be paid on Application ; Two Shillings and Sixpence on Allotment; and Eive Shillings per Share on the Ist June, 18 < 5 ; Five Shillings on the Ist August; and Five Shillings on the Ist October. distillery COMPANY having entered into an Agreement with the Government of New Zealu nd on°t a x antion t,ie business of Distillation on the 30th .Tune, 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 w b}ch 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 thework, having a 'rontnge 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 ■oonfcry. The Malt from this establishment has always commanded the highest price ofanv 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. Tbe 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 m connection with a Brewery, the yearly profats would be proportionately increased. The capabilities of the Premises and Plant for the purposes of a Brewery have been careiiiliy examined and estimated by a competent authority (a gentleman who built some of tbe 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 uttle extra post of management must always give the Albion Brewery Company a great advantage over other Brewing Establishments and as the trade is increasing greatly here, ami 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 Wrty, next the Town Bolt, and laid pipes to the DistiUery, thus obtaining a private supply of the best water in the District, free from ssstssssttAisr - ** 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 Riant 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 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 in length, will enable the Company to place their goods on the railway oars, 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 LoOjOOl), 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 t paid up shares to the value of L 15.000 as r payment of the purchase-money, and will 1 ther guarantee 8 per cent, on the paid-up c; tal for two years from the commeucemeut the business, and will give good and suffici security for the due payment of this guarant interest—such security to be lodged in hands of any Trustees the Directors may point. They feel perfectly secure in undert mg this prospective liability, from the fact t the profit on. the malt alone should pay ovei per cent, oh the paid-u > capital As to profits of breweries all over the world, it is : necessary here to dilate: they are known to large, and to compare favorably with any ot: business that can be named. Capital —When the shares are »U dispoi or, there will, after purchasing* the prooerty j un^s to niake the alterations bef alluded to, and to carry on the business, as 1 sale and returns from beer are almost immedia Staff,- There at present in the empli ment of the Distillery Company a eompl staff of competent experts, whose services i at the disposal of the Brewing and Haiti Company. The present manager (than wb( a more competent man is not to be found these: Colonies) is willing to undertake 1 management of the new concern : and the Co pany’s experienced traveller (whose qualifii turns are well known) is also open to engai ment. , Quality of Beer.—lt will be the determii tion of the Albion Brewing Company to se out nothing but the best quality ,of beer, a thus secure a lasting and constantly increasi demand for their brand. The sole reason the present favorable opp< tumty is offered to the public for investi their capital to such advantage, is that t present proprietors of the property desire retire for a time from the active management business. They are thoroughly confident tin under proper management, no business in t Colony will yield a better return than that the Albion Brewing and Malting Compa (Limited), when once fairly established. Insurance has been effected on the boil die and plant to the extent of L 20,000. This prospectus is thus early laid before t abhc, to enable the new Company to get tin ellar erected, make tbe necessary alteratioi arrange barley contracts, manufacture ma and have everything in readiness to commeu operations as soon after obtaining possession the premises as possible. The Distillery Coi pany hope to have manufactured the maximu quantity of spirits allowed in their contra with the Government about the end of Apr in which case they will at once band over t property to the Albion Company, and so enal them to commence operations before the da above-named. Applications for shares to be sent MESSRS WEBB & FULTON, Dunedi PROVISIONAL DIRECTORS. Mr James ■ Au( k‘ rEon and Mowaf Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott al r Lamach Mr W. D. Murison Mr Job Wain, junr, Mr H. J. Walter Mr Robert Wilson. bankers. Sank of New Zealand, Dunedin. BOUOITORB, nsear»|rtagg.itt Bros, «d Bveni