INVESTMENT AND TRUSTEE
Shareholders Warned Not To Sell
(New Zealand Press Association) WELLINGTON, July 17,
The directors of the Wellington Investment, Trustee and Agency Company Ltd., have informed shareholders by letter that the board is engaged in discussions regarding the future of the company. These, they say, “may result in action which would be advantageous to shareholders.” , It is recommended that shareholders refrain from selling any shares pending receipt of more advice from the board.
The company’s last published balance sheet, to June 30. 1958, showed net profit for the year at £3541, representing an earning rate of 5.71 per cent, on paid capital of £62,000. Reserves were shown at £34,304, giving the 10s shares a net asset backing of 15s 6d. Last reported sale of the shares a net asset backing of 15s
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Bibliographic details
Press, Volume XCVIII, Issue 28950, 18 July 1959, Page 16
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134INVESTMENT AND TRUSTEE Press, Volume XCVIII, Issue 28950, 18 July 1959, Page 16
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