A BIG PAPER DEAL
x;The agreement .was signed on September 30 between the Bondholders Committee of Price Brothers, ■of Canada, and Bowaters Paper .Mills, .whereby, t he latter acquire the -assets and undertakings of Price ■Bros.' It is - understood that the figure, involved is approximitely : 4,000,000 dollars.(£Boo,ooo,at par). ;. ' . Price Bros, and Co. earned on the busii ss of pulp and paper manufacturers, and owned or controlled over 07 (10 square miles of timber limits,, together with nulls, water powers, and other property. Ine share capital is 60,000,000 dollars ($12,000,000 at par),, of which 48,975,200 dollars has been issued and paid. . In.addition,.there are 11,832,400 6 per cent, first mortgage gold bonds outstanding- .■■■•' ■ i.' ■■■.■;.''.
The capital of Magnus Motors, Ltd., Wellington, has been reduced from £75,000 to £39,475, in 3950 preference shares of £1 each fully paid, 36,050 ordinary shares of 10s fully paid, and 35,000 ordinary shares of: 10s each with 5s paid up thereon and 5s uncalled.
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https://paperspast.natlib.govt.nz/newspapers/EP19331110.2.161
Bibliographic details
Evening Post, Volume CXVI, Issue 114, 10 November 1933, Page 10
Word Count
157A BIG PAPER DEAL Evening Post, Volume CXVI, Issue 114, 10 November 1933, Page 10
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