WAIHI GOLD MINING CO.
PROPOSAL TO MAKE CASH PAYMENT.
<BI TEtEQRAPH,-PBBSS ASSOCIATION.) AUCKLAND, This Day. A reduction of the company's capital by returmng 5s ca s h per share to|. Kders wf% a,dvocated by several sha I Waim Gold Mining Company, Ltd. held m London on 1211? Mayf according to a cablegram received by (he local difector! stated "Thde"j- T W cahH™™ father WH " T factors would have preferred postponing a return of capital™til 1931 when the Horahora debentures London to qvery shareholde? on both tK the report of proceed sigs and a postcard Wing whether he desires a return o f capital as soon as possible, 'or desires postponement until 1931-» , ihl>lL?l rf lOtßl d, ebent««« are shown on the last balance-sheet available at £159 - 535 but the text of. the -cablegram would seem to indicate that the directors have no intention of realising on S payment of 5s per share to all shareholders would abgorb £125,000, and, failprobable the amount would have to be drawn from investments, the market vaue of which was shown' in the 'last £319 382 received in New Zealand at
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Bibliographic details
Evening Post, Volume CIX, Issue 118, 22 May 1925, Page 6
Word Count
186WAIHI GOLD MINING CO. Evening Post, Volume CIX, Issue 118, 22 May 1925, Page 6
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