Page 4 Advertisements Column 1

Evening Star, Issue 3729, 4 February 1875, Page 4

PROSPECTUS. PROSPECTUS of THE ALBION BREWING AND MALTING COMPANY (Limited), DUNEDIN. Capital £-10,000, In 10,000 Shares of £1 each. _ Eight ptT cent, guaranteed. 1 wo Shillings and Sixpence to bo paid on Application; Two Shellings and Sixpence on Allotment; and Live 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,.lß*s, arc now prepared to offer to the public them Premises and Plant, for the purpose of establishing a Brewery and carrying °» their present large Malting business (for which they are admirably adapted) on terms ifii 1 * admitted, on consideration of the following particulars, are of the most advantageous character, viz.: — Thu 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 mouth 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 he 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 1.2,000. And as there would he a large quantity to dispose of in connection with a Brewery, the yearly profits would he 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 100 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 anv other Brewery in New Zealand. This capability to produce so much more Beer at very little 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, 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 very shortly be called into operation. Water Supply. —The Distilu Company, at considerable expense, constructed a covered Bnck and Cement Reservoir on Mr Logan’s property next the Town Belt, 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, and Plant of the Distillery Company were valued by Messrs Blair and M‘Gregor, in f° r a l°cal public company, at D 27,450. Since then land in the neighborhood has been sold considerably in excess of their estimate ; and there can be no doubt that iiT?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 largo yearly expenditure in cartage. Price of Propcrtj',— The present proprietors require for the Land. Buildings, and Plantoom-P-eto (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; and so confident are they of the success of the business, that they are willing to take paid up shares to the value of 1,15,000 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 tire business, and will give good ami sufficient security mr the due payment of this guaranteed interest-such security to be lodged in the hands of any the Directors may appoink They feel perfectly secure in undertaking this prospective liability, from the fact that the profit on the malt alone should pay over 10 w-+ ent f i° n th ° pa j ,; l-u 1 ca pital. 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. of tW L i, WII ( . Cn the ? hams !,re illl disposed f i l, * ftcl ‘ Purchasing the property, be aUmlpdr llldS ft ,uake tlle alterations before SKSl t «r and ft Cai , Ty on tlle business, as the nff l mv. n!S fl .' om beer are almost immediate. Staff.—There is at present in the employstaff* of* th ° ? ISt . lllci ' y f!o «ipany a complete ft competent expels, w ) lose Bervices are at the disposal of the Brewing and Maltiim Company. Ihe present manager (than whom is not to fouiS these Colonies) is willing to undertake the management of the new concern ; ami the Com I panys experienced, traveller (whose qualif rionsare well known) is also open to 1 eng; Quality of Beer.-It will ho the determ tmn of the Albion Brewing Company to s out nothing but the best quality of beer, thus secure a lasting and constantly iuemu demand for their brand. a ' The sole reason the present favorable opi tumty is offered to the public for invest then capital to such advantage, is that present proprietors of the property desire retire for a time from the active maiden under n.' , hC-V tllor ou S hly cor.fi.Tent tl under pi oner management, no business in tC ftll a Jctk T lx ‘ tniTl than thal toe All,mu Brewing and Malting Comp, (Limited), when once fairly established. insurance has been effected or. the buildi and plant to the extent of T. 20 000 This prospectus is thus early laid before aolic, to enable the new Company to net tl e lar erected, make tlio necessary alteratic arrange barley contracts, manufacture m and have everything in readiness to coimne operations as soon after obtaining possessor tbe premises as possible. The Distillery (\ p.iny hope to have manufactured the maxim quantity of spirits allowed in their contr hith the Government about the end of An in winch case they will at once hand over*! property to the Albion Company, and so eL 2&£JSr“" > Ol '" atio “ s WiWe tho * Applications for shares to be sent MESSRS WEBB it FULTON, Duned PROVISIONAL DIRECTORS. Mr James Anderson (Anderson ami Mown 1 ->lr James Brown Mr Henry Driver Mr George Dodson Mr Geo. W, Eliott * I* Laruach air W. D. Munson «<* Mr Job Wain, junr. Mr H. J. Walter M r Robert Wilson. 7 ,, T BAM «isua. Lank of New Zealand, Dunedin. , ~ ~ soi.iou'oas, ‘l***.. Bros. «nd|Bi«nl