Green’s Dictionary of Slang

cascade n.

[orig. Tasmanian use. f. the Cascade Brewing Company of Hobart; ult. f. the cascade of water that was used for brewing]

(Aus.) beer.

[UK]D. Sladen in Barrère & Leland Sl., Jargon and Cant I 49/1: Tasmanians use cascade, in the sense of ‘beer’.
[UK]Farmer & Henley Sl. and Its Analogues.
[UK]Partridge DSUE (1984) 186/2: from ca. 1880.