Loan and Mercantile Company.
(PER PRESS ASSOCIATION). London, May 12. Mr Stewart, the Official Receiver, intends to advise that prompt steps be taken to recover from tho Directqrs of the Loan and Mercantile Agency Company the amount of dividends paid out of capitalIt is probable that a question will be raised as to the liability of the late Board for dividends paid out of capital. The Statist and Economist concur in the opinion that Mr Muudella should resign from the Government, and assert that his position is untenable, Auckland, May 12. The general manager of the New 2ealtmd Loan and Mercantile Company has received a cablegram from London confirming the press announcement of the new company, and stating that the board of directors bad met to sign the necessary documents for taking over the old company.
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Bibliographic details
Feilding Star, Volume XV, Issue 313, 14 May 1894, Page 2
Word Count
136Loan and Mercantile Company. Feilding Star, Volume XV, Issue 313, 14 May 1894, Page 2
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