CHEVRON SYDNEY
Rehabilitation Scheme
(N Z P A-Reuter—Copyright) MELBOURNE, June 6. The Chief Justice of Victoria. Sir Edmund Herring, in the Supreme Court today ordered that meetings of shareholders and debentureholders of Chevron Sydney, Ltd. be held on or before July 24 to consider a new scheme of arrangement by which the company hopes to solve its financial difficulties. He also made an order restraining T. and G. Nominees Pty., Ltd., trustee for the debenture holders, from taking possession of the company’s main asset, the incomplete multi-million pound Chevron Hilton Hotel in Sydney before August 8.
This order was conditional on the company paying eight weeks' interest to the debenture holders.
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Bibliographic details
Press, Volume CI, Issue 29843, 8 June 1962, Page 15
Word Count
111CHEVRON SYDNEY Press, Volume CI, Issue 29843, 8 June 1962, Page 15
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