A Peculiar Case.
For some time pact Messrs Watson, licensees of the Grand Hotel, Dunedin. have been attempting to save their property from behiu. lost to them, and tboy have at last succeeded. There was a mortgage on the property to the Colonial Investment Company of £15,000, and when Mr Dobson Wtvs appointed to realiee tno company _ investments au attempt was mado to form a syndicate to secure the Grand Hotel . property, the price being £6000 but the ground landlord gave another fioOO, and the mortgage passed into his hands. he Sade application for the transfer of the Ucense to him, but it in understood that he ice-eing committee decided to refuse the transfer on the ground that they oon-iaered £ Watson had been l«__ly de-lt «rtj. and were entitled to e-nsideration. wb cv could only be otained by their retaining the license It i« believed that the compaction which thus resulted has been removed by the re . u lt of a private meeting of creditors, at which, after «»• *«»"* expressions concerning the action o.Mr iJnbson and the ground landlord, it.was Solved toa-ept 2- Gd in the £1, Mr Sidey the landlord, on his part agreeing to waive his claim on account of arrears ot rent.
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Bibliographic details
Daily Telegraph (Napier), Issue 6739, 22 April 1893, Page 3
Word Count
204A Peculiar Case. Daily Telegraph (Napier), Issue 6739, 22 April 1893, Page 3
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