ISLAND BAY PARK COMPANY.
Wellington, July 3. The balance sheet of the Island Bay Park Company shows a total indebtedness of £730, and with liabilities for ensuing year of £490 gives a total of £1220. The only available asset being £120, leaves a deficiency of £1100. The directo.s consider some scheme should be adopted to preserve the property, which has already cost the present sh areholders £9000. The directors recommend an increase of capital by £5000 N m £1 shares. The annual meeting lapsed for want of a quorum.
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Bibliographic details
Marlborough Express, Volume XXIV, Issue 141, 4 July 1888, Page 2
Word Count
89ISLAND BAY PARK COMPANY. Marlborough Express, Volume XXIV, Issue 141, 4 July 1888, Page 2
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