TIMBER AND WOOD WARE COMPANY UNDER LIQUIDATION.
Dunedin, This clay
The report of tho liquidation in Guthrie and Larnach's New Zealand Timber and Woodwarc Factory Company was presented at a meeting of shareholders yesterday, and the meeting was adjourned for a week to consider the report. The shareholders are to receive a dividend of 5s per share. The assets have realised very badly. Assets shown in the ledger accounts as worth £162,630 realised only £28,250, showing a deficiency of £134,380. The book debts stood at £50,688, but were over-estimated by £12,058. Besides the ascertained deficiency of £13*,380 there is a probable depreciation of unsold assets of £37,998.
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https://paperspast.natlib.govt.nz/newspapers/DTN18831031.2.19.9
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Daily Telegraph (Napier), Issue 3835, 31 October 1883, Page 3
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107TIMBER AND WOOD WARE COMPANY UNDER LIQUIDATION. Daily Telegraph (Napier), Issue 3835, 31 October 1883, Page 3
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