WELLINGTON PATENT SLIP COMPANY.
(PBSSS ASSOCIATION TELSGRAM.) WELLINGTON, January 18. At a special meeting of the Patent Slip Company the Chairman announced that at the end of March the Government subsidy of £2450 per annum, which had in accordance with the original contract been received for twenty-one years, would expire and the Company would have to make other arrangements. He also stated that instead of paying shareholders an annual dividend of 7 per cent., the Company had paid only 5 per cent., and the balance had been placed on deposit, which now amounted to £10,000. The proposal of the Directors was that shares should be reduced in order from £10 per, share to £3 per share. A 6 the same time, it was proposed to pay shareholders at the rate of £3 per share oat of the £10,000 mentioned, so that they would receive £6 for each £10 share. With the reduced rate, the Company would be able to go on paying dividends at the same rate as hitherto. In order to give effect to the above, the shareholders passed a number of resolutions.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP18940119.2.26
Bibliographic details
Press, Volume LI, Issue 8696, 19 January 1894, Page 5
Word Count
184WELLINGTON PATENT SLIP COMPANY. Press, Volume LI, Issue 8696, 19 January 1894, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in