KAWARAJ GOLD

Evening Post, Volume CXIII, Issue 141, 16 June 1932, Page 14

KAWARAJ GOLD

DISPOSAL OF ASSETS

(By Telegraph.)

[Sp.ecial to "The Evening Post.") - DUNEDItf, This Day,

The report of the directors of the Kawarau Gold-mining Company for the period 81st March, 1031,-* to 16th May, 1932, states that since the previous report Amalgamated - Kawarau Gold«mining Company, Ltd., has'been registered, but it was not until April last that the actual assignments of the company's mining privileges were executed in favour of the new company. The debts of .the company, both jon its own account and on account of claim-holders, have all been settled.. Apart from a small cash balance required to see the company through the process of liquidation,, the qnly asset left consists of the right to "fully-paid shares in.the new comp.any,. When the fully-paid shares in the new company are received they will be distributed amongst ■ shareholders of this company in proportion to their holdings. Shareholders will thus become shareholders, in the Amalgamated. Kawarau Company, and the Kawarau Company will then Have distributed all its assets. There is, therefore, no^object in deferring liquidation of the Kawarau Company. / • The book value of the assets acquired by the Amalgamated Company in consideration of fully-paid shares to be allotted is £20,518 Cs 9d.