ARMSTRONG WHITWORTH COMPANY
UNABLE TO PAY DEBENTURE HOLDERS. (Rec. December 12, 5.5 p.m.) London, December 10. An expert committee’s recommendations to save the firm of Armstrong Whitworth, which is unable to pay its debenture holders, include a request that holders of 6| per cent, second mortgage debentures,- holders of three years 5f per cent, notes, and holders of per cent, consolidated mortgage debentures should grant a five-year moratorium, profits in the interval paying interest on securities, in which connection holders give the company time to recover. ’The company pays no dividends until all interest under the scheme is paid.
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Dominion, Volume 20, Issue 67, 13 December 1926, Page 9
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99ARMSTRONG WHITWORTH COMPANY Dominion, Volume 20, Issue 67, 13 December 1926, Page 9
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