its public offering of 75,000 shares in The Long Botham Boats Company Ltd., which owns the Henry VIII pub and restaurant.

FBS president Mr. Jeff Conyers said he had no fears that the offer will not be fully subscribed.

"We've had a very enthusiastic response,'' said Mr. Conyers, whose firm yesterday released the prospectus for the offer, which closes on March 12.

The prospectus shows that Long Botham's executives, president Mr. Andy Allan; general manager Mr. John Ferris and executive chef Mr. Gerhard Metschnabel, receive total annual remuneration of $231,000, in salary and directors' fees.

Long Botham's shareholders are Mr. Allan (40 percent), Ms Madeline Riederer (35 percent), Mr. Ferris (15 percent), and Ms Philippa Metschnabel (10 percent).

The prospectus shows FBS will be paid $55,000 for a fully subscribed offering.

It also states: "The offering is being undertaken by selling shareholders wishing to rationalise their individual holdings. They see the importance, by spreading the capital base, of establishing a more liquid market for the company's shares.'' FBS is restricting the maximum number of shares per subscriber to 1,000 in a bid to broaden the ownership as much as possible. The minimum purchase is 100 shares.

Shares are on offer for $8.50 each, valuing the issue at $637,600 and the entire business at $4.25 million.