AUSTRALIAN MORTGAGE AND AGENCY COMPANY.
LONDON, April 27. At a meeting of (he Aualraliaa Mortgage and Agency Company it was stated that the assets were sufficient to pay nil debts and leave the shareholders a considerable balance. It was unanimously decided to wind up and reconstruct. The new scheme proposes to reduce the preference stock and shares to 70 per cent. in the new Sh per cent, slock, while ordinary £8 shares become £2 and ordinary £2 shares become 103 shares in the new company. The general manager in his remarks declared that the condition of Australasia was not so gloomy as some English critics would endeavour to have the public believe. . *—-—
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Bibliographic details
Otago Daily Times, Issue 12648, 28 April 1903, Page 4
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112AUSTRALIAN MORTGAGE AND AGENCY COMPANY. Otago Daily Times, Issue 12648, 28 April 1903, Page 4
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