WELLINGTON PARK STUD COMPANY
Telegraph Press Association. Copyright Auckland, This Day, At tbe annual meeting of the Wellington Park Stud Company to-day the report disclosed a loss of £14,988, equal to nearly two thirds of the Company's capital. The Chairman, Mr Mitchelson, said that mismanagement and expensive working had contributed to the loss, and liquidation was the only thing left. The loss at the end of January, 1905, was £4264. The loss entailed by the sale of mares and stallions at the dispersal sale was £7450, and losses arising from T. Morrin's irregularities, £1,940. Writing off preliminary expenses £613 ; the working loss on the year was £707. The amouut for distribution on liquidation would be about £8,500, less legal expenses. A dividend of 7s in the £ is therefore probable. It was resolved to liquidate, and Mr W. B. Morrison was appointed liquidator.
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https://paperspast.natlib.govt.nz/newspapers/FS19060227.2.11
Bibliographic details
Feilding Star, Volume XXVII, Issue 179, 27 February 1906, Page 2
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142WELLINGTON PARK STUD COMPANY Feilding Star, Volume XXVII, Issue 179, 27 February 1906, Page 2
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