BAWRA
FINAL DISTRIBUTION OF FUNDS. Melbourne, May 6. At a general meeting of contributors to “Bawra,” Sir John Higgins said it had been decided, if nothing unforeseen occurred, to distribute on November 15 next the sum of 13/6 per share, representing a final capital payment of 1/- a share and a liquidation payment of 12/6 per share. This would mean that the liquidators would make the first liquidations distribution on account of the association’s assets, amounting approximately to £8,000,000. Sir John Higgins remarked that when the new distribution was made the profits of the payments on the Imperial wool and sheepskins contract would exceed £35,467,000, which is in excess of the contract price of 15£d per lb of greasy wool.—A. and N.Z.
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Bibliographic details
Southland Times, Issue 20172, 7 May 1927, Page 7
Word Count
122BAWRA Southland Times, Issue 20172, 7 May 1927, Page 7
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