The Wellington Times Sold-
\Vklmn<;tov, last night.— Promoters of a new newspaper are negotiating with Captain Baldwin for the purchase of the New Zealand Times. It is understood that satisfactory terms have been arranged and the purchase is likely to be concluded within a day or two. Captain Baldwin is retiring from the newspaper business on account of ill health. A considerable amount of capital has been subscribed for the purpose, one gentleman alone in Dunedin having put in * The sale of the New Zealand Times was concluded this evening. The price is £4,500, exclusive of book debts. About £7,000 has teen subscribed so far, of which Sir W. Builer provides £2,000. No difficulty is an. ticipatcd by the promoters in obtaining all the capital needed.
Loaves of bread are beiug distributee! among tbe Melbourne unemployed.
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Bibliographic details
Poverty Bay Herald, Volume XIX, Issue 6293, 13 February 1892, Page 2
Word Count
136The Wellington Times Sold Poverty Bay Herald, Volume XIX, Issue 6293, 13 February 1892, Page 2
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