R. AND E. TINGEY & CO.
PREFERENCE SHARE ISSUE
An issue of 6 per cent, cumulative preference shares was announced by R. and E. Tingey and Company, Limited, Wellington. The company was incorporated in 1904 to take over the business of oil and colour, -glass-and wallpaper merchants, which _ had been established in Wanganui in 1865. The company has long been a family concern. It has nine branches in various parts of New Zealand, and includes a manufacturing department: It is understood that the issue was- over-sub-scribed. The successful applicants number about 140. This issue means the application of, £50,000. of New Zealand capital to the extension of a New Zealand commercial and industrial undertaking. Steps are now being taken for listing these shares on the Stock Exchange. The new capital is to be used to extend the business of existing branches, open new branches, and extend the manufacturing side. The proposal wa's investigated/by Mr. J. S. Barton. The new capital is to be used for development of the business and extension of its branch system. The company is to build-a new factory at Miramar, open several new. branches, and extend its operations at Auckland.
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https://paperspast.natlib.govt.nz/newspapers/EP19371102.2.139.15
Bibliographic details
Evening Post, Volume CXXIV, Issue 107, 2 November 1937, Page 12
Word Count
193R. AND E. TINGEY & CO. Evening Post, Volume CXXIV, Issue 107, 2 November 1937, Page 12
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