TIMARU BREWERY SALE
AGREEMENT CONFIRMED The agreement entered into on April 29 by the directors for the sale, subject to the consent of the shareholders, of the old-established business of the Timaru Brewery Company to New Zealand Breweries, Limited, for approximately £73,000, was confirmed by a special general meeting of shareholders on Monday. It was explained that the approximate price of £73,000 would be the return to shareholders after all the company’s liabilities had been discharged. A first payment of 11s 6d on 10s snares was expected to be available on July 1, total value of shares as a result of the sale being estimated at 15s.
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https://paperspast.natlib.govt.nz/newspapers/PBH19360527.2.206
Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19025, 27 May 1936, Page 16
Word Count
107TIMARU BREWERY SALE Poverty Bay Herald, Volume LXIII, Issue 19025, 27 May 1936, Page 16
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