Waltons Debenture Issue
Details of the £1,000,000 issue of 7’, 2 per cent, registered mortgage debentures have been anounced by Waltons-Sears, Ltd., Australian chain store and mail order retailers.
Proceeds of the issue will be used for further development of mail order and catalogue sales business, for extension of store facilities and to finance an increased volume of business. The company now has 24 retail stores and 12 catalogue sales stores in the three eastern States.
The issue matures on June 30, 1971, with option of the company |to repay at £lOl per cent, on June 30, 1969, on giving six months’
notice of redemption. The debentures rank equally with existing debentures maturing on June 30. 1969. Subscription lists open on November 18 and close on December 24. or earlier if full subscription has been received.
Payment may be in full on application, or 25 per cent. on application and further 25 per cent, payments on March 31, June 30, and September 30. 1958. The underwriters are J. B. Were and Son, of Melbourne. who may nominate allottee- of £250,000 of the issue.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19571115.2.229
Bibliographic details
Press, Volume XCVI, Issue 28435, 15 November 1957, Page 19
Word Count
183Waltons Debenture Issue Press, Volume XCVI, Issue 28435, 15 November 1957, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.