MERCANTILE FINANCE.
A proposal is to be submitted to shareholders of the Mercantile Finance Corporation, Ltd., Christchureh, on March 30 that the company should bo wound up voluntarily and that a liquidator should be appointed for the purpose. The company was formed in 1925.' For the year en Jed June 30, 1932, a profit of '£263 was earned-. This was absorbed on preference dividends, leaving only £25 to be carried forward. . Paid capital is £49.733. including 3925 £1 cumulative preference shares". Ordinary shares have not received any dividend since 1927, when 7 per cent, was distributed.
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https://paperspast.natlib.govt.nz/newspapers/EP19330324.2.11.13
Bibliographic details
Evening Post, Volume CXV, Issue 70, 24 March 1933, Page 3
Word Count
96MERCANTILE FINANCE. Evening Post, Volume CXV, Issue 70, 24 March 1933, Page 3
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