Page 4 Advertisements Column 1

Evening Star, Issue 3731, 6 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 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 atone, with slated roofs, are of a most substantial character.

Plant (the greater portion of which is suitable for a Brewery ami 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 taming out from 1.000 tj» 1,200 bushels of malt per week ; and from the advantageous position of the work, having a rontage to the Hay, 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 Suite an exceptional thing, even in the Old lountry. The Malt fmm this establishment has always commanded the highest price of any produced in New Zealand ; and the supply for aome 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 Mult available for sale, they exceeded 1/2,500. Ahd as there would he 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 wlien the trade required it, which is greatly in excess of the quantity which can b6 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 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 Distiln Company, at •onsiderable expense, constructed a covered Brick and Cement Eeservoir on Mr Logan’s property, next the Town Belt, and laid pipes to the Distillery, thus obtaining a private supply of the beat 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, fertile use of the Principal Employes of the Commny, 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 March 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 Kailway 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 e iirSt thus saving a large yearly expeudituie in cartage. Price of Property.— The present proprietors require tor the Land Buildings, and Plantcomplete (including the private water supply) the sum of L3o,oo<>, 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 L 15,000 us pai t payment of the purchase-money, and will further 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 be lodged in the hands of any Trustees the Directors may apThey feel perfectly, secure in undertakig this prospective liability, fiom 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 arc all disposed of, there will, after purchasing the property, be ample funds to make the alterations before alluded to, and to cany on the business, as the sale and returns from beer are almost immediate. Staff.— There is at present in the employment of the Distillery Company a complete staff of competent experts, whose services are at the disposal of the Brewing and Maltme Company. '1 he present manager (than whom a more competent man is not to be found ie these Colonies) is willing to undertake the management ol the new concern ; and the Company’s experienced traveller (whose qualifications are well known) is also open to enmmi menk ° * . Quality of Beer. It will he the determb tion of the Albion Brewing Company to scout nothing but the bed quality of beer, a thus secure a lasting and constantly incre’asi demand for their brand. The sole reason the present favorable oppi tumty is offered to the public tor 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 1 Colony will yield a hotter return than that the Albion Brewing and Malting Compa - (Limited), when once fairly established. ; “ Insurance has been effected on the buildii and plant to the extent of L 20.000, This prospectus is thus -early laid before 1 abllc, to enable the new Company to get th ellar erected, make the necessary alteratio arrange barley contracts, manufacture mi and have everything in readiness to coinmei operations as soon after obtaining possession the premises as possible. The Distillery Cc pany hope to have manufactured the maxiun quantity of spirits allowed in their oontr with the Government about the end of Ap In which ease they will at once hand over 1 properly to the Albion Company, and so ena th* m tn eomni"iiee operations before tire di above-named. Applications for shares to be sent MESSES WEBB & EULT’UN, Dunedin. PROVISIONAL DIRKCTORS. Mr James .umeison (Anderson and Mown Mr James Brown Mr Henry Driver Mr George Dodson Mr Geo. W. Eliott Mr W, J. M. Lurnach Mr W. D, Munson b Robert Paterson (Paterson and M'Lco Ir David Proud foot 1 4ob Wain, Jmr. 1 H. J. Walter •Eobert Wilson. BAUBUtW. Bank of Hew Eeolaud, Dtmedtai . „ BOIAUITOR6* Bin, nnf)gu^,