The arrival of keg beer as a solution to quality problems in the pub, and the rise of beer in cans, meant bottled beer sales went into a slide: slowly at first, from 34 per cent of all beer sold in 1960 to 27 per cent in 1969, and then rapidly, 20 per cent in 1974, 12 per cent in 1979, nine per cent in 1984.
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A principal is an owner of all or a portion of a private company. A principal is the one who can sign legal documents on behalf of a company or designate an agent to do so on her behalf. A principal in a transaction is someone who has an ownership stake or vested interest in that transaction.he Term: Member or Principal. Legally, a person or business that owns a stake in a limited liability company is referred to as a member. Whenever you correspond with or submit any documentation to your state's secretary of state, you will need to use the term member when referring to the LLC's owners.