TOTALISATOR AT HOME.
NEW COMPANY PROPOSED.
ACQUISITION OF RIGHTS. Australian anrl N.Z. Press Association. (Received August 13. 8.5 p.m.) LONDON.. Auk. 12. The prospectus has been issued of a now company, entitled, Totalisators, Limited, which is being formed to purchase the British and Irish rights of Mr. G. A. Julius, the Sydney engineer, who invented the machine. The capital of the company is to be £250,000, and preferred shares at 10s each are to be issued. The consideration to be paid to the Australian company is £IOO,OOO in cash, plus a royalty at the rate of ono-eighth of one per cent, of the money passing through the machine. The Financial Times says the venture is necessarily speculative, even if the Control Board adopts it.
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Bibliographic details
New Zealand Herald, Volume LXV, Issue 20024, 14 August 1928, Page 9
Word Count
124TOTALISATOR AT HOME. New Zealand Herald, Volume LXV, Issue 20024, 14 August 1928, Page 9
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