AMALGAMATED ZINC
MAY BE WOUND UP
At the annual meeting of Amalgamated Zinc (De Bavays), Ltd., Melbourne, on April 30, shareholders unanimously agreed to a motion empowering the directors to take up 150,000 shares in Associated Pulp and Paper Mills, Ltd., which was formed recently to manufacture paper at Burnie, Tasmania. . The chairman (Mr. Harold Cohen), in discussing the formation of an investment company to hold the shares in the new paper company on behalf or Amalgamated Zinc, hinted that the parent company might be wound up. He said that the whole of the shares in the proposed investment company would be held by Amalgamated Zinc, and the directors of the latter company would be the directors of the investment company. "When the liquidation of other assets makes it practicable a course as to the winding-up of this company may be undertaken which will return some assets to the shareholders and will enable them to become holders directly in the investment company," Mr. Cohen f aid-, He added that the directors hoped before long to discontinue the London office and register. It was believed that it would be possible to continue the payment of dividends until the directors were able to indicate whether they recommended some return of capital, a continuance of dividends from reserves, or otherwise
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https://paperspast.natlib.govt.nz/newspapers/EP19360506.2.140.8
Bibliographic details
Evening Post, Volume CXXI, Issue 106, 6 May 1936, Page 14
Word Count
217AMALGAMATED ZINC Evening Post, Volume CXXI, Issue 106, 6 May 1936, Page 14
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