HUDDART PARKER LTD.
IMPORTANT REORGANISATION
(Unitod Press A.ssociation.-r-Copyrighti)
Received; December .9,-1.5 a.m
MELBOURNE, December 8
A company has been formed to tako over tho assets and liabilities of tho Huddart-Parker Company Proprietary, Ltd., entitled Huddart-Parker, Ltd. The authorised capital is a million and a-lialf, comprising 750,000 each of cumulative 6 per cent, preference and ordinary shares.of £1 each.- The first issue is 500,000 of each denomination^ oi which 375,000* of each are to be taken bj» the vendor company in payment oh properties transferred. The reasons for creating the new organisation are that business and individual interests have outgrown the scope of a proprietary concern. Expanding trade calls for additional vessels. The intention of t rh-3 directors is to order one or two new steamers early in the year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19111209.2.23.13
Bibliographic details
Wanganui Chronicle, Issue 12840, 9 December 1911, Page 5
Word Count
129HUDDART PARKER LTD. Wanganui Chronicle, Issue 12840, 9 December 1911, Page 5
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