Page 4 Advertisements Column 1

Evening Star, Issue 3728, 3 February 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 pappose 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 2mte an exceptional thing, even in the Old 'Onntry. The Malt from this establishment baa always commanded the highest price of any produced in New Zealand; and the supply for come 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 'aa there would be a large quantity to dispose of m connection with a Brewery, the yearly profit* 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 Edinbnrgh), 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 capably 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, 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 Ve ry shortly be called into operation Water Supply. The Distilu Company, at considerable expense, constructed a covered Brick and Cement Reservoir on Mr Logan’s next the Town Belt, and laid pipes to the Distillery, thus obtaining a private supply of best water in the District, free from for * he Proses of steeping Malt, Distilling, or Brewing. 1 6 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, Building a ®d Plant of the Distillery Company we valued \by Messrs Blair and M‘Gregor f°r a local public company’ ; 1i27,450. Since then land in the neighborhoc has been sold considerably in excess of the estimate ; and there can be no doubt that in| very few years this property will double i present value, contiguous as it is to the Eai way Terminus, Jetties, and other importai lines of traffic. A short siding, of about thirl yards m length, will enable the Company i place their goods on the railway cars, thi sawng a large yearly expenditure in cartage. Price of Property.— The present proprieto: require for the Land, Buildings, and Plantcon plete (including the private water supply) tl sum of L 30,000, cut of which they will pay a the preliminary expenses of floating the Con pany; and so confident are they of the succei of the business, that they are willing to tal paid-up shares to the value of L 15,000 as pai payment of the purchase-money, and will f u ttier guarantee 8 per cent, on the paid-up cap tailor two years from the commencement c the business, and will give good and sufficier security for the due payment of this guarantee interest— -such security to be lodged in th Jiapds of any Trustees the Directors may eant.. They feel perfectly secure in undtf'' i g this prospective liability, from the P A? the profit on the malt alone should r' aCt - per cent, on the paid-u , capital ‘7 °7 er ,l profits of breweries all over the' 'i, •, • necessary here to dilate: the*' ' vo ,> lt; 1 large, and to compare favo’ - /, are H no ' vn business that can be nar , Wltb an 7 °t b , Capital.—When tl>" , ‘ „,. of, there will, after • e ? lia f es ;T e all dls P os ample funds to Purchasing the property, alluded to, and . make the alterations befc sale and reti’ 1 ;° ca U y on tb ® busmess > as t Staff.—i,,' 1718 rrom beer are almost immedia ment 't d. he^- 1 8 .,? 1 * Present in the empk gtaff Y rhe Distillery Company a comph °f competent experts, whose services i *, * be disposal of the Brewing and Malti company. The present manager (than wht a more competent man is not to be found these Colonies) is willing to undertake t management of the new concern ; and the Co Mny a experienced traveller (whose qualitii tions are well known) is also open to engai ment. Quality of Beer. —It will be the determii vion 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< •tunity is offered to the pubbe 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 th 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 bnildir ftnd plant to the extent of L 20,000. This prospectus is thus early laid before t dblic, to enable the new Company to get th ellar erected, make the necessary alteration arrange barley contracts, manufacture ma tod have everything in readiness to commet operations as soon after obtaining possession the premises as possible. The Distillery Co pany hope to have manufactured the maximi t l?2?tity spirits allowed in their contr: with the Government about the end of Apr in which case they will at once hand 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 Anderson (Anderson and Mowat Mr James Brown Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott Mr W, J, M. Lamaoh Mr W. D, Murison - if 1 £ ob ert Paterson (Paterson and M'Leod' Mr David Proudfoot , Mr Job Wain, iunr. MrH. J. Waiter Mr Robert Wilson. BANKERS. Bank of New Zealand, Dunedin. „ . SOLICITORS, Item Baggitt Hvox. andlßisoh