R. MURRAY CRASH
(N.Z. Press Assn.—Copyright) MELBOURNE, Feb. 12.
The Reid Murray Group had paid most of its £4 million liability to the National Bank of Australasia, Ltd., the joint liquidator, Mr E. H. Niemann, told a meeting of creditors today. Mr Niemann, who with his partner, Mr C. J. Waugh, is handling Australia’s biggest company liquidation, said that the holding company now had surplus funds of £325,000 available.
He said Reid Murray Acceptance, Ltd., which owes about £29 million to its debenture holders, had so far paid £500,000 to the trustee for the debenture holders. About 25 creditors attended the meeting. Only one question was asked.
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Bibliographic details
Press, Volume CIII, Issue 30364, 13 February 1964, Page 13
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107R. MURRAY CRASH Press, Volume CIII, Issue 30364, 13 February 1964, Page 13
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