Page 4 Advertisements Column 1

Evening Star, Issue 3726, 1 February 1875, Page 4

PROSPECTUS. PROSPECTUS Off 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 AKotment; 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 dated roofs, are of a most substantial character. Plant (the greater poitaon 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 vill 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 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 them would be a large quantity to dispose of m connection with a Brewery, the yearly profitswould 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 aa the trade is increasing greatly here, and being Opened up with the neighbering Colony of New South Wales and Fiji, no tfoubt the lull power of the Company’s Works would very shortly be called into operation. Water Supply.—The Distilu Company, at considerable expense, constructed a covered Brick and Cement Reservoir on Mr Logan’s PJ°P®riy, next the Town Belt, and laid pipes to 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, and Plant of the Distillery Company were valued ?by Messrs Blair and M‘Gregor, in r as l’- 01 a Public company, at v * ® ince then land in the neighborhood has been sold considerably in excess of their estimate; and there can be no doubt that infa 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. irnce of Property.— The present proprietors require for the Land, Buildings, and Plant complete (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; andso 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 tor two years from the commencement of tne business, and will give good and sufficient security for the due payment of this guaranteed interest—such security to be lodged in tho hands of any 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-uo 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. the ? harea are all disposed of, there will, after purchasing the prooerty, be funds to make the alterations before alluded to, and to carry on the business, as the sale and returns from beer are almost immediate. btafi.—There is at present in the employes* of the Distillery Company a complete f af * of . c . om l lc t ea fc experts, whose services are O dls P°eal of the Brewing and Malting Company. The present manager (than whom SoT? e \ en ? ma .?, is to be found in Cdonwaj » walling to undertake the management of the new concern; and the Company s experienced traveller (whose qualificament^’ 8 WeU knowil) 13 open to engage°ATv/er,'r?t ndUbe the detenninaont Brewing Company to send out nothing bpt the best quality of beer, and tessa-gsa* consto,iilr p.tsjrpifar, heir capital to such advantage, is that the present proprietors of the property desire to retire for a time from the active management of business. I hey are thoroughly confident that, under proper management, no business in the Colony will yield a better return than that of H f rewin S and Malting Company 1-Limited), when once fairly established. Insurance has been effected on the buildings and plant to the extent of 1.20,000 ° Tins prospectuses thus early laid before the abuc, to enable the new Company to get their aiTanr^ rC n te f’ tll ‘ ! necessary alterations, knrf ey <-i C - onc ? actH ’ manufacture malt, on e eryt H m readiness to commence iK???- aS S ° on f obtainin g possession of Ln, pi anises as possible. The Distillery Comouantitv 0 llll . v V manufactured the maximum spmfcs aIWc,J in contract with the Government about the end of April m which case they wiU at once hand ove/the property to the Albion Company, and so enable lw«.mS ra ' i ” 0e op " ati »” s «» <hte Applications for shares to bs sent MESSRS FULTON, Dunedin. PROVISIONAL DIRECTORS. Mr James Anderson (Anderson and Mowat) ! iVir j ames Brown Mr Hemy Driver Mr George Dodson Mr Geo W. Eliott at 1 S’ ']< M. Larnacb Mr W. D, Murison Mr 2avM fea lP “ ter, °“ Mr Job Wain, junr Mr H. J. Walter Mr Robert Wilson. bankebs. Bank of New Zeiend, Lnmedin. Bouuixoiis in,.*..