Collapse of the Londonderry Gold Mine.
(PR a PBES9 ASSOCIATION). London, April 6. Lord Fingall's telegram re the shoot of gold of the Londonderry tuipe giving out was received on April Ist, but owing to the absence of the directors the news was nob published till the oth, although the shares began to fall on the 2nd. Col. North offers to deposit in tbo hands of tbe trustees cash to the amount of his net profits, the shareholders receiving the income until the company bus earned ten per cent on the capital for two years. He hopes that the other vendors wi'l take similar action. The papers consider the Colonel's offer a very fair one, and states that the London directors throughout have acted in good fuith. April 7. Shares in the Londonderry mine are quoted at 12s 6d. Colonel North explains that the cash and shares he has deposited will become the propert3 of shareholders unless the dividends named are paid. : .
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Bibliographic details
Feilding Star, Volume XVI, Issue 238, 8 April 1895, Page 2
Word Count
162Collapse of the Londonderry Gold Mine. Feilding Star, Volume XVI, Issue 238, 8 April 1895, Page 2
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