AUCTION DIARY

Dominion, Volume 29, Issue 139, 7 March 1936, Page 12

AUCTION DIARY

TO-DAY. 115 Park ltd., Miramar. 1.30 p.m.—Contents of house (McKennas). 50 Laings Rd.. Lower Hutt, 1.4 a P->“ — Household furniture and effects (H. L. Leighton). MONDAY. Brandon Hall Rd., Bulls, 12 noon.-Hn-reserved clearing sale a/c. S- acswimming (Dalgety and Co.). Johnsonville store and dairy stock sale, 1° 30 P ra.—lBoo sheep and 130 cattle (Wright. Stephenson and So). 8 Wllleston St., 1.30 p.m.—High class household furnishings (E. Johnston and Co.). TUESDAY. Pahiatua sale 11.30 a.m—2500 breeding ewes and 1000 m.s. lambs. 12 Hantana Square, Lower Hutt, 1-30 p.m. Superior household furniture (E. Johnston and Co.). Levin stock sale. 1 p.m.—Mixed stock. 4 and P. Show Grounds, Palmerston Nth.. ' ’ j p.m.—Timber and galvanised iron (Dominion Auct. Co.). 13 Panama St., 2.15 p.m.—1177 acres Ohaiitl Valley (Levin and Co. and Harcourt Matawhero yards, Gisborne —Cattle fair (P.B. Stockbrokers' Assn.),

Skippers Limited

Skippers, Limited, has issued a circular to shareholders setting out the reasons for the issue of 170,000 preference shares of 1/- each. Lack of water owing to the continued drought has held up operations on the claim. The proposed hydro-elec-tric scheme to provide the necessary power has been approved by the Government departments concerned and the company’s application to the Unemployment Board has resulted in a subsidy of £4OOO being made available, conditional upon an equivalent amount being spent by the company. The work is now well in hand, and the first payment of £lOOO on account of the subsidy has been received. A certain amount of preference capital has been subscribed, but a further sum of £2500 is required to enable the work to be completed and provide a reasonable amount of working capital for carrying on operations when the hydro-electric plant is operating.