N.Z.L. AND M.A. COMPANY.
Press Association— By Telegraph— Copyright. London. June 8. It ia improbable that any action will be taken against the New Zealand Loan and Mercantile Company directors in connection with the payment of dividends out of capital.
Auckiand, June 9. The general manager of the New Zealand Loanand Mercantile Agency Company (Limited) for New Zealand reports that the response to the call by New Zealand shareholders has largely exceeded expectations, the payments being considerably greater than the amount required to ensure the success of the scheme of reconstruction. Advice has also been received from Australia that a similar result has beep obtained there. It may therefore be anticipated that in a few days the Loan Company will resume its nsual business.
It is interesting to learn that the whole of the Otago shareholders in the New Zealand Loan and Mercantile Agency Company have taken up their full complement of shares in the reconstructed company ; and as the same confidence seems to exist at other centres, it is likely that we shall shortly hear that the new company has started business.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OW18940614.2.13
Bibliographic details
Otago Witness, Issue 2103, 14 June 1894, Page 5
Word Count
183N.Z.L. AND M.A. COMPANY. Otago Witness, Issue 2103, 14 June 1894, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.