Page 4 Advertisements Column 1

Evening Star, Issue 3724, 29 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 wfll 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 moat 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 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 taming 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 earned 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 m 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 toe trade required it, which is greatly in excess or the quantity which can be turned out by any other Brewery in New Zealand. This capibility to produce so much more Beer at very little extra cost of management must always give the Albion Brewery Company a great advantage oyer other Brewing Establishments, and as the trade is increasing greatly here, ami being opened rip with the neighboring Colony of New South Wales and Fiji, no doubt the foU power of the Company’s Works would very shortly be called into operation. Water Supply.—The Distilu Company, at considerable expense, constructed a covered 15nck and Cement Reservoir on Mr Loean’s property next the Town Bolt, and laid pipes to the Distillery, thus obtaining a private supply of the < best water m the District, free from Bteepkg J^7 0n 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 r .i a l° ca, l public company, at L 27.450. Since then land m the neighborhood 1 has been sold considerably in excess of th' P fr estimate; and there can be no doubt that i n I very few years this property will doub? present value, contigueus as it is to the ▼ay Terminus, Jetties, and other im „ O Z t hues of traffic. A short siding, of abc u f S£v yardsm length will enable the Co S place their goods on the railway *mng a large yearly expenditure r a ca Price of Property.-The presto f ° arTa ? e : require for the Land. Buildings PT 0 P I 7 etora plete (including the private v + and PlantcomSim of L 30.000, cut of which B * pply > th * the preliminary expenses of <w- y p % y all pany; and so confidentareComof the business, that the* • ™f y „°-ir tke , Buc , c( f 3 paid up shares to the v» T / f tak ! payment of the purchy i ® ° f Lls,0 1 00 a 8 part flier guarantee Bper o t l y ’ andwiU fu^‘ tal for two years frr * th paid ' up capl l the business, and v :if* . the commencement of security for the du 1 glve good and sufficient Ste^st-suHh i e payment of this guaranteed hlof any b ? lod ? ed to the point. They';.? 34 !? 8 the Directors may apjL this nrosr 5 1 secure m undertakSl nrofit or tlve V abdlty > from the fact that per P cent. n „ maJ * alone si ?uhl pay over 10 profits of i, th ® pa }f u 1 ca PitaL As to the hecessa? rew ® ne Isall 1 sall over the world, it is not 1,,™,, . y -, ere to dilate: they are known to be S3*.SaSSKriar 7 witll “ ,y olher , —When the shares are all disposed ? fter P, urcllas iug the property, be aZ make the alterations before aumded to and t 0 carry on the business, as the sale and returns from beer are almost immediate. 18 at present in the employthe ? 18tdlery Company a complete fv,? c. om P e t e nt experts, whose services are r!X^ Spo Tv, ° f tbe Brewin g and Malting Company. The present manager (than whom +i l “ ore f, c ? mpe \ en . t man 18 not to be found in tiiese Colonies) is wiUing to undertake the management of the new concern ; and the Company s experienced traveller (whose qnalificaSent ar6 WeU knowia ) is 0180 open to engageQuality of Beer. —lt will be the determination of the Albion Brewing Company to send out nothing but the best quality of beer, and demand for theiHbrandf C<m “ a, “ ly The spie reason the present favorable opportunity is offered to the public for investing tnexr capital to such advantage, is that the present proprietors of the property desire to retire for a tune from the active management of business. They are thoroughly confident that under proper management, no business in the tv y n ield a better return than that of the Albion Brewing and Malting Company (Limited), when once fairly established. Insurance has been effected on the building and plant to the extent of 1.20,000. ° This prospectus is thus early laid before the oblio, 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 ©f 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 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 shares to be sent MESSRS WEBB & FULTON, Dunedin. PBOVISIOHAL DIBECTOB3. Mr James Anderson (Anderson and Mowat Mr James Brown Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott Mr W, J. M. Larnach Mr W. D. Murison Mr Robert Paterson (Paterson and M'Leod Mr David Broudfoot Mr Job Wain, junr. MrH. J. Walter Mr Robert Wilson, BANKERS Sank of New Zealand, Dunedin, BOUOITOBS. Haim Haggitt Biot,