Financial Crisis.
THE N.Z. LOAM AND MERCANTILE COMPANY TO BE WOUND UP. (PER PRESS ASBOCIATION). London, July 21. It is likely litigation will be resorted to, to decide whether eighteen hundrod thousand pounds worth of debentures of the Loan and Mercantile Agency Company, not converted into debentures stock, will have a first charge on tho uncalled capital, with thirteen hundred thousand of converted debentures. It has been found impossible to frame a scheme of reconstruction until Mr Young has completed his examination of the Company's affairs. Justice Williams granted an order for the compulsory winding up, and expresses the hope that a more detailed statement of assets would be made. The Judge also formally sanctioned the London Chartered Bank's scheme.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18930722.2.9
Bibliographic details
Feilding Star, Volume XV, Issue 19, 22 July 1893, Page 2
Word Count
120Financial Crisis. Feilding Star, Volume XV, Issue 19, 22 July 1893, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in