GOLD-MINING
TROUBLE WITH DEBENTURES. [Special to Pbess Association.] : LONDON, Jtxn» 2. The Stock Exchange is indignant at the withdrawal of the Mount Lyell Company's debentures after they had beea underwritten, and the brokers have decided not to deal in the Company's shares in consequence. London banks informed the Australian offices that the debentures were hypothecated in anticipation by the underwriters, Litigation will probably eOeue over the matter. SYDNEY, June 3. The directors of the Mount Lyell mine I state that the negotiations for the sale of debentures through a London syndicate were finally closed before the debentures were offered for issue in Melbourne $ that they were closed became the London syndicate demanded une^tia factory terms, and that the debentures were not in any waj; hypothecated. ! v PERTH, June 3. AiriMmportant discovery i 9 reported from a locality forty miles north-west of Coolgardie, where Menzies and a party of prospectors found four reefs running parallel, and intersected by a cross-reef. This country has hitherto been untried. The croßß-reef ia i very rich. : ' '
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Bibliographic details
Star (Christchurch), Issue 5274, 3 June 1895, Page 3
Word Count
171GOLD-MINING Star (Christchurch), Issue 5274, 3 June 1895, Page 3
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