A Mis-managed Company.
(Per Press Association). Melbourne, This Day. The liquidators of Ohaffey Bros', state the collapse was due to the meagre proportion of paid up capital received in cash which burdened the company with a dead weight of interest, and made it practically impossible for it to succeed. It further stated the eagerness to obtain money at any cost was a sign of recklessness. In attempting to escape the necessity of liquidation it in one case paid 18 per cent to float a loan and in another as high as 68. * .
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Bibliographic details
Feilding Star, Volume XVII, Issue 254, 1 May 1896, Page 3
Word Count
92A Mis-managed Company. Feilding Star, Volume XVII, Issue 254, 1 May 1896, Page 3
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