FIRST FAILURE.
TIN HARE COMPANY,
LONDON, January 27.
The Southern Canine Racing Stadium, the first greyhound company to fail, had a capital of £50,000, of which £12.000 was subscribed.
The liquidator pointed out that £6177 had gone to the promoters and £•".">] 4 in preliminary expenses, including £650 a year for a mechanical director, who was paid to work the hare which the company did not possess. The chicf assets of the companv were four dogs, valued at £60.
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Bibliographic details
Auckland Star, Volume LIX, Issue 25, 31 January 1928, Page 7
Word Count
78FIRST FAILURE. Auckland Star, Volume LIX, Issue 25, 31 January 1928, Page 7
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