Radio Hauraki Ready For Listing
(N£w Zealand Press Association) AUCKLAND, May 27. An extraordinary general meeting of Radio Hauraki (N.Z.), Ltd, today passed amendments to the company’s articles, to clear their way for the company to apply for official listing.
The chairman and managing director (Mr D. J. Gapes) told the meeting that the company would be applying to the stock exchange for listing immediately. The stock exchange might require the company to make a call on shares making them fully paid, before listing is granted, he said. This call would not be before the appeal against the broadcasting warrant issued to the company was decided by the Supreme Court. This appeal is set down for June 16. Answering informal questions after the completion of business, he said that if the company’s warrant was up-
held by the Court transmission could possibly •start around September-December. He said that although the company was not in a position to place firm orders for any equipment at this stage, arrangements had been made for early delivery of some items once the decision of the Court was known. ' The company has already arranged advertising worth about $70,000, he said, in preparation for the start of transmission, if the company’s warrant was upheld. INDICES
New Zealand.—Financial Research and Management dally index: base 100. January 31.
1957: May 20 . 313.47 May21 . . 314.42 May 22 .. 315.65 May 25 .. 317.85 May 26 .. 315.61 May 27 309.90 Sydney —Sydney Stock Exchange (July. 193 . Jtlne. 1939. equals 100) May 21 325.26 366.93 508.34 May 22 . 322.33 363.62 501.74 May 25 . 320.56 359.77 496.32 May 26 . 315.17 352:35 482.74 May 27 . 313.22 345J02. 473.96 London —Financial Times. (Industrials 1935. Government 1926. Gold 1955. equals 100.) Indust. Gvt Gold May 20 . 329.4 68J27 51.8 May 21 .. 327.3 68.16 50.8 May 22 . . 329.3 68.25 51.6 May 25 Bank Holiday. May 26 316.0 67.94 48.7 New York.-—Dow lones. Rails Ind. Turnover Mav 20 142.30 676.68 13.020.000 May 21 140.67 665.25 16,710.000 May 22 139.98 662.15 12,500,000 May 25 133.87 641.36 12.660,000 May 26 131.50 631.16 17,030,000
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19700528.2.165.3
Bibliographic details
Press, Volume CX, Issue 32308, 28 May 1970, Page 18
Word Count
342Radio Hauraki Ready For Listing Press, Volume CX, Issue 32308, 28 May 1970, Page 18
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