OIL CORPORATION.
COMMONWEALTH BUSINESS Australian and N.Z. Cable Association. (Reed. 8 p.m.) LONDON. Auc. 21. Meetings of debenture-holders and shareholders in the Commonwealth Oil Corporation will be held on August 29 to consider a modified scheme of the arrangement by which Mr. John Fell will undertake the management for ten years, at a salary of £4000 per annum. Mr. Fell will surrender his option for purchase, receiving instead 1,000,000 shilling preferred ordinary shares, fully paid. Mr. Fell and the corporation will divide the profits equally. The prior lien issue will be for £100.000 at 6 per cent., instead of £200,000. ,i i
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19190823.2.47
Bibliographic details
New Zealand Herald, Volume LVI, Issue 17246, 23 August 1919, Page 9
Word Count
102OIL CORPORATION. New Zealand Herald, Volume LVI, Issue 17246, 23 August 1919, Page 9
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in