LOSS EXCEEDING £170,000
MACKY, LOGAN, CALDWELL ! ' - i-' '
AUCKLAND COMPANY’S POSITION)
LIQUIDATION DECIDED UPON.
By T«l®rraph.—Pr®s« A««oeiation.
Auckland, Last Night.
A. meeting of shareholders of Macky Logan Caldwell, Ltd., to-day decided the company should go into ■ voluntary liquidation. The chairman of directors, Mr. ■ T. Macky, said the directors viewed with concern the continued losses which had been incurred during the past half-year. A net loss had been -sustained of £39,212, .which with the loss carried forward made a total loss of capital at July 31 of £172,632. After making provision for payment of £587,557 due to bank, depositors and sundry creditors and for the accumulated losses amounting to £172,032, there was an apparent surplus of £351,626 available towards the satisfaction of the amount due to shareholders in respect to share capital. This is book value and taken as a going concern.
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Bibliographic details
Taranaki Daily News, 5 November 1932, Page 9
Word Count
140LOSS EXCEEDING £170,000 Taranaki Daily News, 5 November 1932, Page 9
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