THE STOCK EXCHANGE CRISIS.
Press Association—Ey Telegraph—Copyright. LONDON, January 15. (Received Jan. 16, at 8.42 a.m.) The shareholders in the London and Globe Finance Association have agreed to Hie voluntary liquidation of the concern. Mr Wright stated that a plan of reconstruction was being prepared, and that all the creditors except one had agreed to accept £485,000 in payment of all obligations. The directors are arranging to raise £500,000 by the sale of the company's interest in the Baker street railway. Lord Dufferin has resigned the chairmanship. (Received Jan. 16, at 9.26 a.m.) A hitch has occurred over the London and Globe Finance Association's arrangement with their creditors, some of them refusing to accept the composition, which, it has transpired, is only 10s in the pound,
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Otago Daily Times, Issue 11943, 17 January 1901, Page 5
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126THE STOCK EXCHANGE CRISIS. Otago Daily Times, Issue 11943, 17 January 1901, Page 5
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