FORESTRY COMPANY.

Auckland Star, Volume LXXI, Issue 153, 29 June 1940, Page 4

FORESTRY COMPANY.

VOLUNTARY LIQUIDATION.

The affairs of Afforestation, Limited, are to be wound up voluntarily, according to a decision , taken at an extraordinary meeting of shareholders yesterday. The meeting a so deeded that the offer of New Zealand IOV T\ Products, Limited, to purchase the whole of the company's underbe accept as a ° inS concern should) be accepted. The consideration to be given by Forest ± "ducts, Limited, consists of 18,000 fullypaid £1 preference shares and 75,600 fullypaid. £1 ordinary shares, making a total nominal value of £93.000. These shares in Forest Products, Limfted, will bo disSJ to raembeiiß of Afforestation, vi A « 'T„ aCC ;°i'' f i- 1,,S tlo , their respective lights. In addition to the 75,600 ordinary «h«l~K 01 .' e Wl,I L bc an increment in shares based on the number of years' growth of the Plantation of 2990 acres owned by Afforestation, Limited. This increment will be determined bv the BondHolders Incorporation Commission.