MEETING OF CREDITORS.
Dujtedix, March 2L At a meeting of the creditors of Messrs J. and J. Watson, of the Grand Hotel, waa held thia afternoon, at which there waa a large attendance. The report of the Committee appointed to investigate the affairs connected with the estate was considered highly satisfactory to tho creditors, and it waa resolved that tho property bo vested in three trustees, to bo carried on for the benefit of the creditors. The Messrs Watson are to act aa managers of the business. It was resolved that debentures, bearing 8 per cent interest, be Issued for the purpose of carrying on tho affairs, such debentures to be paid off as the funds come in. Jt was stated that, after very careful examination of the books, it was gathered that the profits of the business amounted to 14500 a month, and there should, therefore, be no doubt of ita being very shortly put on a satisfactory footing, and paying 20s in tho £.
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Bibliographic details
Oamaru Mail, Volume IV, Issue 1322, 22 March 1884, Page 3
Word Count
165MEETING OF CREDITORS. Oamaru Mail, Volume IV, Issue 1322, 22 March 1884, Page 3
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