WAIHI GOLD SHARES

New Zealand Times, Volume LIII, Issue 12394, 13 March 1926, Page 5

WAIHI GOLD SHARES

RETURN OF CAPITAL; NEARLY £BO,OOO FOR SHAREHOLDERS. (By Telegraph.—Special to “Times.”) AUCKLAND, March 12. The reduction of capital of the Waihi Gold Mining Company by the return to shareholders of five shiHings per share as agreed upon at the meetings held in September and October last, has ranee received the sanction of the Supreme Court, and is now being given effect to. Circulars have been issued to shareholders enclosing warrants for the amounts accruing to them and, advising them that payment will be made on or after Auril 9th. As there are on the New Zealand register of the company 236,269 shares, the total amonnt that is thus being distributed in New Zealand is £59,067 odd. A feature of procedure is that while distribution is in progress all documents issued from the company’s office are headed: “The Waihi Gold Mining Company t Limited, and Reduced,” and the inscription in the window of the secretary’s office is amended in the same way. This, It appears, is the form insisted upon by the court in all cases of reduction of capital. As soon as the process of readjustment of capital is completed, the two final words in the amended title will he dropped.