The Sun.
London, England, 1865-07-26 00:00:00

PROSPECTUS.

This Company is formod for the purpose of purchasing,
carrying on, and extending the business of Hodges's Dis-
tillery, and of appropriate operations which may be con-
nected therewith.

Tho world-wide reputation of this establishment is well
known and appreciated. The Distillery has been estab-
lished and prosperously worked since 1774, and many for-
tunes have been realised out of the business.

This establishment, with all its current trade, will be
handed over to this Company on the Ist of August next,
the vender guaranteeing the Company against any loss as
to such of the assets and liabilities as it may be mutually
convenient to transfer.

The property is capacious, well situated, and admirably
adapted to its purpose, and it is held upon desirable titles,
nearly the whole being freehold.
The plant has with never-ceasing care and attention been
improved as fast as advantageous modifications of machinery
have been introduced, and its present working capability is
adequate to supply a trade of fourfold the actual returns.
The establishment i; moreover, provided with the most
complete independent gas and water works.
Looking at the present extent and condition of the pre-
mises, plant, and machinery, with a view to enlarged
business without further outlay, the Directors feel con-
vinced that the establishment is one of the most perfect of
its kind in existence. _ _

Relying also greatly upon the very confident expression
of opinion which they obtain from gentlemen eminent in
the trade as to the eligibility of the concern, the Directors
sincerely believe the prospects of the Company to bo more
glowing than they are willing to express.
Mr. Frederick Hodges, the proprietor and vendor, in re-
tiring, desires to do so in order to relax in his application
without altogether losing his interest in the business ; and
whilst he stipulates to retain a largo share in the capital
of the Company, he does not require to be paid in the sense
of goodwill for the reputation and business of his house
otherwise than out of the balance of net profits hereafter
realised in excess of dividends at the rates of 10 and 15 per
cent. to the Shareholders.
The price to be paid by the Company for this celebrated
business, therefore, is simply the amount of valuation in
respect of the premises and plant, as settled by the Com-
pany:s valuer.
It is well understood, not only throughout the trade, but
also by the public at large, that Distillers, like Brewers,
command an extension of business in proportion to the
facilities and support which they can extend to the
trade ; and this circumstance explains the heavy capital
absorbed in successful establishments of the kind, and the
peculiar fitness of such business for the employment of a
Joint-stock Company's resources.
The Directors have power to allot one thousand shares
fully paid up.
Prospectuses and Forms of Application for Shares can
be obtained from tho Brokers and Solicitors, as well as at
the Temporary Offices of the Company; and from Messrs.
Clench, Smith; and Co., 1, Royal Exchange-buildings, E.C.
Deposits upon which no allotments are made will bo re-
turned in full.

HODGES'S DISTILLERY COMPANY (Limited).
Incorporated pursuant to " The Companies Act, 1862."
Capital £200,000, with Power to Increase.
TEMPORARY OFFICES. "m"
1, Royal Exchange-buildings ; Distillery, Church-street,
Lambeth.
FORM OF APPLICATION FOR SHARES.
No.
To the Directors of " Hodges's Distillery Company
(Limited)."
Per Messrs. Clench, Smith, and Co.
Gentlemen,—

I request that you will allot to me shares of £25
each in the above Company, having paid to your Bankers
the Deposit of £1 per share thereon; and, in consideration
of such allotment, or of any loss number of shares which
you may appropriate to me, I here undertake to pay the
£4 per share then required, as also afterwards to pay any
Call thereon, and I further undertake to execute the
Articles of Association, when required, and I hereby au-
thorise you to inscribe my name on the register of members
of your Company.
Dated this day of 186
Name in full
Residence
Profession or Trade
Place of Business
Signature