Wellington Park Stud

Waihi Daily Telegraph, Volume V, Issue 1424, 7 September 1905, Page 3

Wellington Park Stud

To Be Sold

Significant fiemarks by Ilia Chair-

By Telegraph.—Press Association, Auoklani), this day. Tiiv shat'oboldors in tho Wellington Park Stud Company have authorised tbo dirrc" tors to dispone of their proporty. Tho Chairman (Mr. Milchelson) said Hint since the company took tho businosa ovnr tho losset had amounted to 14694, Besides this thero wos an insutauoe of iGfjOOO on stallions with ■ tho International Horso Agency, which that company refusod to pay ou the ground that Thomoß Morrin, as agent, had failed to romit to London the insurance premiums, They were taking legal steps to recover the money, but whatover loss accrued under this head must be added to an amount itbovo tho sum of 8193 d standing to Mot rin's susponso mconnt; but as ho was a lurge shareholder, there would nqt be & serious loss on this head if thoj bad a good brU. The company hud been very unfortunate since entering o,i tho venture, havinglosl stock, cbiolly brood wares, to tho valuo of £2400, bosides writing off £1751, reduction in value of mares,