The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-07-01 00:00:00

LIVERPOOL ROYAL BREWERY.

THE Directors announce to the Subscribers to the Articles
of Agreement, and to the Holders of Scrip, that, partly
in consequence of the call of £1 on the 17th, haying been very
inadequately cotnp!ied with, and partly fryin,,e6ong expression
of opinion, founded upon close inqu ry the grounds upon
which this undertaking is founded, ( esults of which inquiry
have given the Directors additional use for confidence in the
merits of it,) they have resolved upon recommending to the
Subscribers and Folders a modification of the scheme, the first
feature of which is a reduction of the Capital to lie subscribed,
and a consequent diminution of the number of Shares and
Shareholders; and the Directors will nut conceal, that in this
double reduction, they look fur a beneficial effect, in keeping
out those mere Speculators, who, in all instances, ewbat-
race pubic undertakings, and with reference to that con-
eiderition, the Directors would have been strongly induced to
increase the Shares to £25, or even at), but that the number
of the supposed Scrip Holders forbade so great a decrease on
the number 01 Shares.
The modification which the Directors submit is this:—
CAPITAL £60,000, us 6000 SHARES OF £lO BACH.
TRLSTRES.
Hugh Hornby, Esq. I James Brancker, Esq.
DIitiCTORS PRO TEMPoRL.

Mr. Peter Hope Mr. Samuel Kearns
Mr.. John Deakin Mr. George Atkins
Mr. Edward Bradford Mr. Joseph Jones
Mr. John Claypole Mr. William Critchley.
BANKEitS-1 he Manchester and Liverpool District Bank.
Soticirou—Mr. Holden, South John-street.
The Directors under the declared sanction of the principai
Sharehoiders, have purchased at a price of £ll,OOO, and are iu
Rossession of, the spacious and complete Freehold Brewery
Mattablishment, Warehouse, Yards, and Premises, in Soho-
Street and Birkett-street, containing a present stock of Utensils,
and Machinery with Steaot Power, and which is, with the ad-
vantage of au inexhaustible Spring Well, ready for immediate
operations. Thus, this undertaking, unlike most others, (except
the Royal Harrington Dock Company,) is note founded upon a
'security of real property to the actual extent of 1:11,000; in ad-
dition to the encouraging fact, presently to be referred to, that
a very considerable body of proprietors is now actually con-
stituted.
The Brewery, in its present compact and easily and econo-
micallyruanageable form, and without any considerable further
outlay, is adapted to produce 300 barrels of Ale per week, with a
capability both in extent of ground and in other respects of
doubling the quantity, when the undertaking shall have gone
into still more enlarged operation.
The Directors have now carefully ascertained that the actual
Capital necessary to give etf,•ct to the undertakiug will (in.
cluding the £ll,OOO, toe cost of the Brewery, &c.) be £3) 000.
arid thus Capital it is proposed to raise us ruilo W' oS:—,el per
Share to be fully paid up on the 30th of June inslaut,a
call of
on the 31st of July ensuing, a further call of El on the 31st
of August ensuing, and a remaining call of £1 on the 30th of
September next; in the whole £5 per Share to be fully paid up,
and which will give a vested capital of the £30,000 requited.
Buf, as the Directors mean, ak_the fir,( public meeting (at
which permanent Directors and Officers mill be elected,)
to
suggest to the Shareholders that a power shall be given to raise,
upon security of the Brewery eroperty, a sum of £7,000,
and,
as they have actually at ranged for the loan nt that auto, at ins.
derat- interest, should the suggestion be adopted,
the £30,0a) will not be required, and the last above proposed
call of will therefore be dispensed with
Upon this (satisfactory as the Directors conceive) state of
things, the inquiries which they have made, and the comparison
of results, enable them to state their conviction, that the Com-
pany will not only be enabled to supply Ale and Porterof prime
quality, at moderate prices, both with reference to Housekeepers,
the Trade, and Exportation, but will also be enabled, in the
article of Porter, to rank with the London Breweries ; and that,
after attaining these beneficial results, which the public gene-
rally have a right to expect front such an Establishment, the
first of its kind in Liverpool, there will result to the Sharehold-
ers, after defraying all expenses, and after ample allowance fur
contingencies, a cleat return of tail 20 per cent. upon the paid-
up Capital, and this degree of profit, the actual purchase and
possession of the Brewery, &e., and the consequent readiness
fur immediate operations, it will be obvious, must immediately
begin to arise.
at is probably superfluous to state, that the usual proper means
of limiting the linbiiities of shareholders will be adopted.
The Directors therefore have only Elm:illy to state to all the
parties who hold Scrip, ann who have not paid up theca!' of £l,
that they must do so at the. Bank on the 30th of June instant.
The Directors intend, on the following day, the Ist of Jul), to
meet, and then to effect a classification of the .6000 Shares;
amongst
those who actually pay, holding themselves, however,
liberty to adopt or exclude such parties as may be considered
• lizt eor ' I
latter clag Ina
ig'ble—proprietors. and to any individuals of the
The an immediate return of the call will be made.
Subscribetrat'irs do not mean to confine the Shares to the
generally. the
Holders of Scrip. and so to exclude the Public
portion of th.6o(x)Y,llowever, are bound t,; state that a large pro-
undutthtedfitstess sharer being now held by recognised parties of
the Shares for the d
h,bUfficieney, there are only the remainder of
public ; attrl the bireete,),„%of Scrip as yet defaulteis, and for the
Me prop .sod ciassification, will
not consider the Scrip in
ahaetz ft- st entitled, but will prefer if, m
or new applicants,
considered loos( beneficial to the
general interest. ..
Applications tbr renviiniust heelSh be made (under seal) to
the Directorr, and addressed to iacje
Liverpool,
25m June, . tir the Schicitur.