NEW SYDNEY HOTEL.
PREFERENCE SHARES OFFERED. Preference shares in a Sydney hotel arc being offered to- New Zealand investors by Hotel Savoy, Limited. The building, which is now nearing completion, is a ten-storey structure, at the corner of King and Castlereagh Streets, Sydney. The capital of the company is £200,000, but only 25,000 cumulative preference shares at 9 per cent, are being offered to New Zealand investors. These shares are free of income tax. Mr. Eliot Davis, a director of Hancock and Company, Limited, has consented to act in an advisory capacity to the company in N<jw Zealand.
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Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20554, 3 May 1930, Page 7
Word Count
98NEW SYDNEY HOTEL. New Zealand Herald, Volume LXVII, Issue 20554, 3 May 1930, Page 7
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