FIORDLAND TRAVEL
Share Issue Extended GV Z. Press Association) INVERCARGILL, May 27. Money restrictions, New Zealand’s present financial situation and side effects of import restrictions were today blamed for the failure of the newly-formed Fiordland Travel Holding share issue to reach the minimum subscription of £lOO,OOO. The issue has been extended another month—until June 30—in an attempt to raise the £lOO.OOO required for the company to make a start on its tourist development programme in Te Anau, it was announced today. "We’re quite confident the share issue will be filled,” a provisional director, Mr Wilson C. Campbell said from Te Anau today. He said the company had already received advance bookings worth about £lO,OOO. The envisaged motels had not even been built.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19660528.2.245
Bibliographic details
Press, Volume CVI, Issue 31071, 28 May 1966, Page 22
Word Count
122FIORDLAND TRAVEL Press, Volume CVI, Issue 31071, 28 May 1966, Page 22
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.
Log in