WHAKATANE PAPER MILLS, LTD.
Dbllb.VLUliK issue:. 'Phis company, incorporated in New South Wales, lint operating pulp and paper 111 i I Its at, Whakafanc, Now Zealand, is inviting public subscription for £117,000 in 51 per cent per annum, lirst mortgage debenture slock, issued at par, and repayable September 30. 1953, or earlier after September 30, 1941, on the company giving three months’ notice. Allotment of these debentures will not lie made to non-share-holders until the minimum number of debentures applied for totalis not less than .£150.000. Payment of interest will he halfyearly in Australian currency. r ! he company" will accept Now Zealand currency tor a limited amount of the dehorn lire issue only. The mill commenced operations in March last, and the anticipated profit on the first year’s operation is £60.000 or more than five limes the annual amount of the debenture interest. If tiro assets arttaken at valuation, the debenture issue has an asset backing of £7 10s to £l.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19390612.2.38.13
Bibliographic details
Manawatu Standard, Volume LIX, Issue 163, 12 June 1939, Page 5
Word Count
161WHAKATANE PAPER MILLS, LTD. Manawatu Standard, Volume LIX, Issue 163, 12 June 1939, Page 5
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