CAPITAL RECONSTRUCTION.
I GOLD MINES OF AUSTRALIA. I
Shareholders in Gold Mined of Aus- | tralia. Ltd., at a meeting in Melbourne, paused resolution* reconstructing the nominal capita:! of the company from £500,000 to £125,000, and the issued capital from £208,875 to £52.219, by reducing the value of the shares from 10/ to 2/0 each.
The reduction will be effected by canceling paid-np capital not represented by asset* to the extent of £77,284, and d'mtrrbntinff to shareholders shares held in other-companies for every 100 Gold Mines of Australia shares. Shareholders will Teeeire five Victoria Gold Dredging Co. N.*L. fnflly-paid shares, 20 fully-paid Morning Star (G.M.A.) Mines N.L. shares, and 20 fiilfy-paid Triton Gold Mines N.Jj. shares. The chairman, Sir Walter Massy Greene, mid that the proposals would be submitted to the Court immediately. It was not expected that approval would be obtained before February.
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Auckland Star, Volume LXX, Issue 306, 28 December 1939, Page 3
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143CAPITAL RECONSTRUCTION. Auckland Star, Volume LXX, Issue 306, 28 December 1939, Page 3
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