FLEMING'S FREEHOLD.
„ The following appeared in . Thursday's Star : — It has baen decided to form a company to be s called Te Puke Gold Reefs to work the above property. The ,j capital has been fixed at £20,000 c in 160,000 shares at 2s* each. Of t this number 100,000 are to be v allotted to the vendors paid up to c 28, they agreeing to take upon c themselves a call of 6d on the r whole of thfiir shares, which wi)l give £2,500. Another 20,000 ;i shares ate to be reserved for issue k on a co-operative basis to miners as half payment of wages or con- '' tract earnings, the other half to be paid in cash. This should ® produce another £2,500, making c £5,000 in all for the development a of the mine subscribed by the r vendors and the men who work s the property. In addition 40,000 t shares are to be reserved at 2s 6d - each for future sale, to provide ft working capital or machinery 0 when the time comes. * We think this should bo 2/6.
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Bibliographic details
Bay of Plenty Times, Volume XXIV, Issue 3624, 15 November 1897, Page 2
Word Count
182
FLEMING'S FREEHOLD.
Bay of Plenty Times, Volume XXIV, Issue 3624, 15 November 1897, Page 2
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