Page 4 Advertisements Column 3

South Canterbury Times, Issue 2775, 14 February 1882, Page 4

(Rub lie,, JN ptice®. ? ROS P E CT US OF KEAST AND M'CARTHY’S (LIMITED) Dukedin ilßhe-whby, .. Fillet/1 and. London!' Streets, Dunedin. To be Incorporated under the Companies Act; Liability Limited to the , amount of the Shares.Capital, ■ £50,000 ; Divided into 50,000 Shares of £1 each. Tire present; Proprietors retain 10,000 . ■ Shares, -or any number not less than 6000, at the option of the Provisional Directors. . , . , , • ' .It is proposed'to call up 9s per Share, payable as follows.:—;Is per Share on application, 2s per Share.- on; allotment, 2s four months after allotment/ ! ■. -2s eight.months’!after allotment, 2s - twelve months after; .allotment, Ho ’ further call for five years, when,; if necessary, 3s per Share may be called -’UP- . i Provisional. Directors (with power :to. .... 1 .. -.- -> add) ;; ■ ! MrWm, Gregg (Messrs. Wm. Gregg and Cp.) Mr Geo. Denniston (Denniston and Co.) ■Mr;W. G, Neill (Neill Bros.) ; ! .... •Mr Wm, Watson (Martin and:Watson) | Mr Geo. Esther (Esther and Low) ; ■Mr T, S. Graham- (Heymanson, and Low) Mr Wm. Wright (Director- Commercial : Property and, Finance Compnay, -Limited) , -Thomson, Builder - •Mr Francis Meenan,: Produce. Merchant Mr Alex. Inglis (A. and Tv Inglis) ; M t- John-. .Golder . (President (' Licensed Victuallers’Association)?: Mr John Donaldson, Glasgow, Pie House 1 . Mr N.: Moloney, Ocean View Hotel. Mr J. D. Hutton, St.'Hilda Hotel . Mr John Carroll, European Hotel - Mr Hugh Ross, Anderson’s Bay -Mr-Francis Porter, Caversham! <). h' ' Mr Patrick Keligher, Crown Hotel ’ Mr Cornelius Bunbury, Grange-Hotel j Mr'James' Dalyi/White Horse r Mr Francis M’.Grath,: Harp of Erin HoteJ , Mr Henry Scott,: Scott’s Hotel \ K Mr James Liston, Robert Bums; Hotel | Mr John Hardie, North. Dunedin Hotel J Mr Thos, Oliver, Sussex Hotel j : Mr Edward Holmes, Bowling Green Hotel Mr ■ Thomas Dodson, Provincial Hotel/ Port Chalmers ; Mr George Chick, Chick’s Hotel, Port Chalmers •. «■ - ■■■;-. -.: , Mr James Morkane, Royal Hotel, Port ; Chalmers . Mr-RobertNeill.(Keast;and McCarthy) ;■ Mr. John Boyd (Keast and McCarthy). - •; ’ r Bankers: ’. f c , : ■ ■ .Bankof Australasia. i Solicitors ; .■ j ■ • Macassey, MacDermott, and Kettle. S Managing Director: 1 • i • Mr John, Boyd, • j' Brokers; , ’ I Mr W.-L: Simpson; of. Trust and Executors Company (late Resident Magistrate), ‘ Princes street - ; • : |'• Messrs R-. and-A. J Park, High street | Mr Wv E. ;Whitcombe, Timaru. i .- This' Company is formed; to purchase and carry-on,the old and well-established -Brewery and-Malting Business of ‘‘Keast and M'Carthy,” Dunedin. | The property consists' of the Brewery | Premises (freehold), comprising upwards of three-quarters :of an acre, situate across j the head of ‘ Hanover street, . and near the junction .of London and • Filleul streets, with long frontages to the two latter, on which are erected , a . Brewery, Malthouse, Stores, Offices, Dwelling-houses, etc.; together with the extensive- Plant, Stock-in-trade, Book Debts, Rolling-stock, and also certain-freehold iand leasehold Hotel Properties and- Mortgages.on other Hotels, etc., in Canterbury and Otago ; valuable Water-right, and-the Goodwill and .Trade. ■Name of the firm. , \, f i The firm of “ Keast and M;GaTthy c ”; ,-hiaA been established for upwards of 12 years, and their/success has.ibeen such.as strongly confirms gederal repute as to the profitable nature of a-. brewery.,, business, ~,„,4t„the outset ( .of;their career the,capital of the firm'was'very small, ?; and. ; when a few: months ago,, after" the decease _of ; Mr M'Carthy, the books were placed ixf ‘ the hands of two auditors, with instructions to ascertain ithe absolute minimum: 'value of the Estate, owing to legal necessity to • disposed it, they certified that,., after having: bad special, reduced’ valuations made of the real and leasehold properties, and making all. allowances for open Accounts. and . -bills;', :on hand-vqr. - under discount, a.-liheral 'discount off the stock on hand, and a.large provision for contingencies, the surplus available for .division —after,-discharging, • all; Uabilj.ties;-!- was £20,128. That this a very safe minimum [ figure ; is,: patent from, the fact that t)ie ! balance sheet- at the same period, as carefully prepared by:Mr Bskdale,:the manager in view of.an impendiflg change in,the fifm represented, a surplus ,of .assets over lia-: bilxties (after setting, aside absolutely all known bad and doubtful debts) of £25,468 ; the yalue of the good-will, trade, name, connection of the firm, dr private, assets of the partners not,. having , been taken into account either'by Mr. Eskdale or the auditors. ,In addition, to this it must be mentioned that when stock was taken in ;July,.immediately after the agreement for purchase by the present {jfoprietdfs, it was found that, notwithstanding the,unsettled state of affairs.cdnsqquent oh,the death iof Mr M’pafthy, the nett assets had increased by £1435. This profit was of course bo much of an advantage to the purchasers, and is now included in the property which the Company takes. , The whole of the property,' business, and interests of the .retiring .firm are . taken over for the sum.of £23,000, but, £3(000 df this amount is at present held oh mortgage at 7 per cent, per annum, and will not be payable by the Company for five years. ; Since the present owners.took possession the.trade of the concern has gradually increased, and there are now .on the books the names of 400 customers, 17 of whom draw no other Colonial Ale or Porter, j From ,the facts! already stated, it] is manifest that the enterprise is quite ahpve the sphere of ordinary speculation which characterises new ventures/, The Company enters. ; at-,once on an established and profitable business, which has been well proyedr and’which,offers a.first-class,field for ; :the.',‘co-operation, of ; numbers': and ■capital; J,r ” 1 -i: ■' - - The object in forming the'Business into a Company js to, secure the introduction of such an amount of capital as will : at least dqual the’ resources'employed by Messrs Keast & McCarthy, , and that’ the Business shall ba'jnade more permanently profitable by including in the proprietary a dumber, of the Hotelkeepers and. the; general public/all .of wh'oin : Will ha.ve an' 1 interest in promoting, directly and 'indirectly, .the prosperity of the epneerd'/'’ : As illustrating 'tile success likely to attend the enterprise,' it may be mentioned that a firm in Christchurch ' (Ward' ajad Co.) disposed of their brewery business; td a'limited liability company, and'so' high does this company stand in the Estimation' of the public, that its shares, with £6 paid up, are now selling at £9 to £9 10a. Many of the largest breweries in Europe, America, and Australia, and the largest one iu the world (Bass’), fire carried 'on ■ y limited' compadies, : add ; with great success, , ' ■' , ‘ 1 ; The 9s per share to be called, up within 'twelve month,s after allotment will give the Conipahy an ample working capital, which will place it .in a position to avail itself of additional ’steady busine-s as eligible' opportunities may' arise, and in the meantime will 'be' employed in saving Badk’ ; discount. i The articles of association : will limit the amount which the Directors can call up to 15s per share, but no more is required Or intended to ! be called up than as above specified.. If further or .more, detailed. information be required apply at the Office of the Brewery, or to the Broker’s of the Company,. Every application for shares will be duly considered, 1 if do allotment be made the deposit'will be returned Without deduction, and if a ics& number be allotted than applied, for, the surplus portion of the deposit will go in reduction of the amount to be paid on allotment., Application for shares will be received up to 28th February, 1882. Copies of the prospectus and forma of application can be obtained from the Provisional Directors, the Bfdkora of the Company, or at the Brewery. ,