TIME-REPAYMENTS INCREASE.
"W. H. Paling and Co., Ltd., the Sydney music and radio warehouse, will submit to shareholders a proposal for repayment of 2s per share on the subscribed capital, reducing the paid-up value from 20s to 18s per share. The amount to be'repaid is £43.258. The directors explain that repayment moneys received from time-payment customers have increased the company's surplus funds to such an extent that a return of capital has been decided upon. The proposal entails a reduction of capital from £525.000 in £1 shares to £472,500 in 525.000 shares of 18s each, to be effected by returning 2s per share to the holders of the 432,579 paid-up shares, and by reducing the nominal amount of all shares from 20s to V"
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https://paperspast.natlib.govt.nz/newspapers/EP19350723.2.142.26
Bibliographic details
Evening Post, Issue 20, 23 July 1935, Page 12
Word Count
124TIME-REPAYMENTS INCREASE. Evening Post, Issue 20, 23 July 1935, Page 12
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