UPPER WATUT GOLD
TQ LIQUIDATE
The Stock Exchange rAsso'ciaition of New Zealand has-received today cabled advice-.from ;'the^ Upper.... Watut. Gold Alluvials -Company: that, the ;;directors of thatUcompany; regret to announce that :they MVe been compelled to; place the company in liquidation in consequence of the unexpected issue of writs by two New Guinea creditors. The difference between revenue and expenditure since November, was met by finance arranged by the directors. Liquidation is necessary to preserve the assets, intact. If the investigation reveals posibilities of reconstruction an effort will be made to give the shareholders rights to participate, v
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Bibliographic details
Evening Post, Volume CXXIII, Issue 143, 18 June 1937, Page 8
Word Count
98UPPER WATUT GOLD Evening Post, Volume CXXIII, Issue 143, 18 June 1937, Page 8
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