COMPANY'S HEAVY LOSSES.
VOLUNTARY LIQUIDATION. • ...: ;.-. i;- ..'.;. ,••.■,;;.;-■'':-.. '.'.■..•■..■ [by association.] - ' . WELLINGTON. Tuesday. A company known as the New Zealand '',""■ Merchants' Association has resolved to 2° . .'" into voluntary liquidation. The capitalwas £5000, and debentures amounted to £2800. The balance sheet showed a -loss • of; £6782 for less than two years' working.':; Some of .; the shareholders expressed dissatisfaction with the state ;of affairs. Mr. Thorpe, the manager, said the corn- - : .'- pariy had some of the finest prospects in .the Dominion, and,that it held excellent • agencies, but had not received proper sop-, ..., ; port j from .the-shareholders. Oilier mem- ■•_, bers contended. thai too mu'-'h had been : . paid in the first instance Mr. ThorW \ when the 1 -present company took over t|W . business from him,' " :: :s^>.'':;^-y:v-':.;^;J , ':v':-;'i;v:.\:.;::' ; .''-- : -:.'.-. :-\; : ':< : ?i:s;:M&:£ :■-■;■ '.'■•,-V;'>V^-.v./;-.^v:;:-.^-.:v;- ; .-:^.: : :v:, : ; .-,:- ::-:t-'<■';£;&%%s,
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https://paperspast.natlib.govt.nz/newspapers/NZH19231017.2.58
Bibliographic details
New Zealand Herald, Volume LX, Issue 18532, 17 October 1923, Page 8
Word Count
124COMPANY'S HEAVY LOSSES. New Zealand Herald, Volume LX, Issue 18532, 17 October 1923, Page 8
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