NAURU AGREEMENT
COMPANY SHAREHOLDERS AP- . PROVE THE BARGAIN. CReo. July .IC, 7.50 p.m.) London, July 15. The Pacific rhosphate Company's shareholders have approved the Nauru and Ocean Island bargain. \_ questioner asked why .£3,500,000 had been ac cepted, complaining that the company gave the' Government many millions. Hie chairman replied that a fair price was obtained by peaceful negotiations; arbitration would probably have resulted in a worse bargain. The directors were guided by tht most competent advice and consulted nine-tenths of the, shareholders before bargaining. The purchase price was based on the average profits of the six best years before the war. The company voted ,£150,000 as compensation to the directorsUnited Service.
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Dominion, Volume 13, Issue 251, 17 July 1920, Page 7
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111NAURU AGREEMENT Dominion, Volume 13, Issue 251, 17 July 1920, Page 7
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