OLD CALEDONIAN G.MCOMPANY. Auckland, December 15.
An extraordinai y general meeting o* shareholders in the Old Caledonian G.M« Company was held this afternoon in the New Zealand Insurance Buildings for the purpose of considering the advisability of winding up the Company and selling the assets to a new company to be foimed. There was a full quorum present, and Mr J. M. Lennox presided. Jt was resolved " That the directors of the Old Caledonian Gold Mining Company be empowered to sell to a new company the assets of the New Caledonian Company, comprising mining and bat r ery properties, for the consideration of the present liabilities, amounting to £1,200, or thereabouts.'^ The following were agreed upon as the terms upon which such new company shall be formed :—: — The new company to have a capital of £6,000 divided iuto 24,000 shares of 5s each, 3d per share to be paid upon application, and 3d upon allotment. (2) Thateach shareholder in thepresentCompany whosecalls havebeen paid, shall be entitled upon application to two shares in the new Company for each one shaie now held by him.
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Bibliographic details
Te Aroha News, Volume VI, Issue 326, 19 December 1888, Page 4
Word Count
183OLD CALEDONIAN G.MCOMPANY. Auckland, December 15. Te Aroha News, Volume VI, Issue 326, 19 December 1888, Page 4
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