THE FINANCIAL CRISIS.
» I UNITED PBESB ASSOCIATION.! 1 (Received July 28, 11.10 a.m.) ' London, 27th July. ' The amended scheme for the rcconstruct:on of Goldsbrough, Mort, and Company provides that tho capital is to bo in 900,000 shares of £1 15s. Each is to be credited w.th 3s paid, and a call of JS is to be made cm tho old shares. Holders of old shares taking two now shares for each old , ono will havo discharged tho old liability when they havo paid £\ on each new share. All tho creditors except holders of current accounts are to tako new 5 per cont. debonturos, repayable in 23 years, or earlier by leave. Ton per cent, of tbe total doben1 tures is to be repaid each year from 1898. I Ihe half-yearly drawings are to be not loss 1 than .£IO,OOO each. Current accounts are ' made repayable in a year.
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Bibliographic details
Evening Post, Volume XLVI, Issue 24, 28 July 1893, Page 2
Word Count
148THE FINANCIAL CRISIS. Evening Post, Volume XLVI, Issue 24, 28 July 1893, Page 2
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