LOAN COMPANY REORGANISATION.

Marlborough Express, Volume XLVI, Issue 116, 14 May 1912, Page 2

LOAN COMPANY REORGANISATION.

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WELLINGTON, May 13. The New Zealand Loan and Mercantile Company has received advicefrom London indicating that the legal formalities in connection with the reorganisation scheme are. not likely to be completed in London before the "long vacation." The sanction of the Coui't cannot therefore be asked until later in the year. Shareholders will thus be granted a conveniently longer time to decide their opinions and arrange for meeting calls. They will probably not be required to- pay the first instalment earlier than November or December next.