Company News CHEVRON SYDNEY
Voting On Interest (N.Z. Press Assn.—Copyright) MELBOURNE, April 20. Chevron Sydney, Ltd., has received a majority in the number of debenture holders in favour of extending time for interest and principal payments. Out of a total of 3511 debenture holders, 2709 have already replied to a request by directors for extension. Of this number 2609 or 93 per cent, are in favour and only 100 against. The total number in favour is 75 per cent., the value of money held by them is 69 per cent. Trade debenture holders have voted fairly solidly against granting an extension of time. Directors have until April 23 to obtain a 75 per cent, acceptance. ,
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Bibliographic details
Press, Volume CI, Issue 29803, 21 April 1962, Page 15
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115Company News CHEVRON SYDNEY Press, Volume CI, Issue 29803, 21 April 1962, Page 15
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