N.Z. LOAM AND MERCANTILE.
AN IMPORTANT PROPOSAL. REDUCING SHAREHOLDERS' UABii-r-Ti! ; : ..'■.» The directors of the New Zealand Loan and Mercantile Agency are about to submit to shareholders, proposals of a most important character, and which are considered to be in the interest of both shareholders and debcniureholders. Full details will not be available until the circular containing the scheme is forwarded to shareholders, which will probably be to-r_orrow, but it is understood that the proposals will relieve . shareholders of £3 10/ per share of the present liability. This will entail calling up a portion of the balance of -5 per share, bixt tbe redaction of the liability will be ample compensation to sharehold ;rs. Moreover, it is understood, that in ea ling up any capital the scheme JO be submitted will he of such a character that shareholders will not be in any way harassed. There is little doubt "out that once the new scheme i« adopted it will place the New Zealand Low. and Meri cahtUe Company in a .greatly inrproved ! position from •tbe revest-:--' r >?nt of [view.''
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19120327.2.44
Bibliographic details
Auckland Star, Volume XLIII, Issue 75, 27 March 1912, Page 5
Word Count
179N.Z. LOAM AND MERCANTILE. Auckland Star, Volume XLIII, Issue 75, 27 March 1912, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in