SHAW, SAVILL CAPITAL
Shareholders of the Shaw, 'Savill, and Albion Company, Ltd., London, have approved a special resolution dealing with the remuneration of the directors and the capitalisation of the reserves. The capital is being raised by £100,000 to £800,000, by the issue of 20,000 ordinary shares of £5s each, ranking pari passu with the existing ordinary shares. It is understood that this step has been taken in order to bring the amount of ordinary shares issued more into line with the capital at stake in the business, states a London shipping journal, so that when dividends are resumed the rate of distribution will not appear so abnormally large as it would on the present small capital.
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https://paperspast.natlib.govt.nz/newspapers/EP19331101.2.173.3
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Evening Post, Volume CXVI, Issue 106, 1 November 1933, Page 14
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117SHAW, SAVILL CAPITAL Evening Post, Volume CXVI, Issue 106, 1 November 1933, Page 14
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