GOLDSBOROUGH, MORT AND CO.
Londox, August 9.
MrPryor, presiding aba meeting of depositors in the Goldsborough Mort Company, said the Committee bad tried to hold a helping hand to poor shareholders. Mr Mitchell said he believed £600,000 is likely to be forthcoming from rich shareholders. Ho cordially approved of the present) proposals, which wore bettor for the shareholders than he was originally prepared to mako. He,had received a cable showing a loss of £60,000 on the year's balance-sheet. Mr Young said tho banks would probably declare ib necessary to further Write down capital. The banks consented to take one-third of tho amount owing in debenture Etock, and accept the remainder in cash as calls were paid. Tho meeting unanimously adopted the scheme, which was also unanimously accepted by the shareholders.
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Bibliographic details
Auckland Star, Volume XXVI, Issue 190, 10 August 1895, Page 5
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130GOLDSBOROUGH, MORT AND CO. Auckland Star, Volume XXVI, Issue 190, 10 August 1895, Page 5
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