Page 4 Advertisements Column 1

Evening Star, Issue 3730, 5 February 1875, Page 4

PROSPECTUS. PROSPECTUS OF THF ALBION BREWING .ANT) MALTING COMPANY (Limited), DUNEDIN. Capital £40,009, In 40,000 Stares of £1 eacli. Eight per cert, 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 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—tbo only addition required for a Brewery being a Cellar which can be erected for about L 2,000. Witn 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 Floois 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 mintage 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 lonntry. The Malt flora" 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 ob there would be a large quantity to dispose of in 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 the trade required it, which is greatly in excess of the quantity which can be turned out by any otter 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 as the trade is increasing greatly here, and being opened up with the neighboring Colony or 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 Distill* Company, at considerable expense, constructed a covered Brick 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-voomed 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, ahd Plant of the Distillery Company wore valued by Mosws Blair and M‘Oro*or 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 Bailway Terminus, Jetties, and other, important lilies of traffic. A short siding, of about thirty yards in length, will enable the Company to place their goods on the railway pars, thus saving a large yearly expenditure in cartage Price of Property.-The present propnetors reqtuie for the Lund Buildings, and Plant coeiplete (including the private water supply) the sum of L30,00f1, 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 f ur . ther guarantee 8 per cent, on the paid-up capital for two years from the commencement of the business, and will give good and sufficient security for the due payment of this guaranteed interest—such security to he lodged in the bands of any Trustees the Directors may appomt. They feel perfectly secure in undertakes this prospective liability, from the fact that the profit on the malt alone should pay over 10 per cent, on the paid-u . 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. Capital-When the shares are all disposed or, there will, after purchasing the property ' ample funds to make the alterations befo alluded to, and to carry on the business, as tl «ale and returns from teer are almost immediaf Staff.— There is at present in tbe emplo Di!itilk ry Company a comple staff of competent experts, whoso services a at the disposal of the Brewing and Maltii Company. Ihe present manager (than who a more competent man is not to be found these Colonies) is willing to undertake t] management of the new' concern ; and the Coi I»ny’s experienced traveller (whose qualific tions are well known) is also open to en«at> meat. ° 6 , Quality of Beer. It will be the determin turn of the Albion Brewing Company to sei out nothing but the best quality of beer, ai thus secure a lasting and constantly increasu demand for their brand. The sole reason the present favorable oppn tumty is offered to the public for investii their capital to such advantage, is that tl 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 Compai (Limited), w'hen once fairly established. Insurance has been effected on the bnildin and plant to the extent of L 20,000. This prospectus is thus early laid before tl ablic, to enable the new Company to get tin ellar erected, make tbe necessary alteratior arrange barley contracts, manufacture ma and have everything in readiness to common operations as soon after obtaining possession the premises as possible. Tbe Distillery Cm pany hope to have manufactured the maxima qnmirity of spirits allowed in their contra with the Government about the end of Apr in which case thev will at once hand over tl property to the Albion Company, and so enul them to commence operations before the da above-named. Applications for shares to ba sent MESSRS WEBB & FULTON, Dimedi PBOVIBIONAL DIRECTORS. Mi* James Anderson (Anderson and Mowat Mr James Brown Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott Mr W, J. IVI. Larnach Mr W. D. Murisou Mr Robert Paterson (Paterson and M*Leofl Mr David Prondfoot Mr Job Wain, juur, MtH. J. Walter Mr Robert Wilson. bankers. Bank of New Zeeland, Dunedin, _ SOWCTTOOB. KMBKgifi Bra, MflßMii