LONDON FINANCE COMPANIES.
By Telegraph.—Press Association.—Copyright.
London, January 15. A meeting of shareholders of the London Finance Association agreed to voluntary liquidation. Mr. Wright said a plan of reconstruction was being prepared, and that all creditors except one had agreed to accept £485,000 in payment of all obligations. The directors were arranging to raise half a million by sale of the company's interest in the Baker-street railway. Lord Dufferin has resigned the chairmanship.
A hitch ha 3 occurred in connection with the London and Globe Company's arrangement with its creditors, -some refusing to accept the composition, which, it has transpired, is only 10s in the £.
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Bibliographic details
New Zealand Herald, Volume XXXVIII, Issue 11553, 17 January 1901, Page 5
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105LONDON FINANCE COMPANIES. New Zealand Herald, Volume XXXVIII, Issue 11553, 17 January 1901, Page 5
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