NEW ZEALAND BREWERIES LTD.

Hokitika Guardian, 29 June 1923, Page 2

NEW ZEALAND BREWERIES LTD.

PCBLTC' PURCHASING STOCK. 10 PER CENT. MORTGAGE DEBENTURES. I be many attractive feature,- of the investment offered by the flotation of New Zealand Breweries, Limited, has brought a quick response from people of all elases throughout the Dominion. leu per cent, interest during the currency of the debentures— payable quarterly, free of exchange and free of income tax. as provided in the prospectus—this is the handsome return offered to participants. Interest for first three years is guaranteed by the New Zealand Insurance Co.. Ltd., which company is also Trustee for Debenture Holders in respect to the First Mortgage on the properties and assets ot the Company. Ten of tin- largest brewery businesses in the Dominion are being amalgamated under the title of New Zealand Breweries, Limited, with a total capital of £1 .oOO.OtX). These firms comprise the breweries known as Speight’s. Straelian's, McGavin’s (Dunedin). The Crown. Ward’s, Manning's (Christ liureh). Staples’ (Wellington). Barry's (Gisborne), anil The l.ion and Hancock's (Auckland). These firms have hitherto provided practically ihrce-l'mirihs of the total output of beer maufactured in New Zealand. This movement affords everyone an opportunity ot becoming financially interesting in the important and remunerative brewing industrv, for £1,00(1.(JO!) TEN PER CENT. First Mortgage Debu'.iture Stock is now offered to the public. The amalgamation effected will dispose of what has been called '' a restricted monopoly.'’ and will also assist to limit the goodwills of hotels to reasonable amounts. With competition removed, the necessity ot ‘‘t.ie-ing’ public-houses, as understood by the public should disappear. However, it is the direct financial advantage- that chiefly concern intending investors. The assets ot the Company have I,ceil valued by competent authorities. ;»ml the supporting figures are given fully in the prospectus, which is n coin-pi-ciirn-ivi' and interesting document of iwciitv pages. It should he read bv all who are looking for a sound investment . The prospectus may he obtained from, anil application for dehen tores may be made to. anv member of a Stock Exchange affiliated in the Stock Exchange Association of New Zealand, the local Bank-. Olliees of any of the vendor Companies, or the Interim Secretary. Aeenuutants ( haml-eis, J.t Johnston St. Wellington. ■