Westport Coal Co. Bill
duced and read for the first time in the House of Representatives yesterday, the Westport Coal Company Bill provides for the dissolution of the Westport Coal Company and the vesting' of its assets and liabilities in the Crown. The bill is largely a machinery measure to enable the agreement to be completed and the Government to take over the shares which have not already been vested in the Crown, as the mine was taken over by the State some time ago. / The shares were purchased for £2
each and all the -100.000 shares have
i been acquired except 3046. which are | held by nine shareholders and in all but one case are held by deceased estates. j The Minister of Mines (Mr Mci Lagan) stated that each presented a j peculiar difficulty: In some cases the ! trustees themselves had died and in i one case the owner- could not be | traced.
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Bibliographic details
Northern Advocate, 16 July 1948, Page 4
Word Count
155Westport Coal Co. Bill Northern Advocate, 16 July 1948, Page 4
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