THE WHOLESALE CLUB.

Oamaru Mail, Volume XXXIX, Issue 10764, 12 May 1911, Page 4

THE WHOLESALE CLUB.

(I'ek Press Association;) . Christchureh/May 11. An informal meeting of creditors of the Wholesale Club was lield 'this morn- ; irig.- A' number of -creditors were present, and"tlie procSedings-tvere conducted in private. It is understood that after some discussion it was decided that the coriipany should go into liquidation. From the figures submitted to the meeting it would appear that the dividend that will be available for unsecured creditors will be a slender one. It is stated that a good deal of indignation was expressed by several creditors, and it is considered probable that interesting developments may arise in the near future.