MOUNT MORGAN MINE
LAST STAGE OF LIQUIDATION Press Association —By Telegraph—Copyright. MELBOURNE, April 28. (Received April 28, at 10 a.m.) The last stage m the liquidation cf tho Mount Morgan Gold Mining Company of Queensland was reached when the liquidators obtained from shareholders permission to destroy tho books of the company and to pay to tho Walter and Eliza Hall Trust an unexpected balance of £4OO. The liquidator (Mr Naill) said tho distribution of 23s 10Jd on each 20s share in tho company was satisfactory He added that tho closing of the great industry was wholly clue to lack of vision and co-operation on the part of Labour, and to lack of available capital This had rendered compulsory the abandonment and ultimate sacrifice of a vast potential asset amounting to 8,000,000 tons of payable ore, valued at £10,000,000, and plant which cost £I,OO-1,000.
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Evening Star, Issue 20778, 28 April 1931, Page 9
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143MOUNT MORGAN MINE Evening Star, Issue 20778, 28 April 1931, Page 9
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