Hew Zealand Times Company.
(Per Press Association). Wellington, April 5. The report presented at tho annual meeting of the New Zealand Times' shareholders, stated that in five years £3641, about half the capital, was lost. This, however, inclnding some .£I2OO for brokerage, of which the Company had never had the nse. The plant and machinery were old and obsolete, and though the circulation had increased from 2000 to 5000, and the business was good, the paper could not be carried on by a company without more capital. The report and balance sheet were adopted, aud resolutions passed to sell the paper to the new Company at a price to be fixed by arbitration, rucli price to cover all liabilities aud yield the shareholders not less than 10s or more than 15s per paid-up share 41. The purchasers to bind themselves and assigns to carry on ihe paper for six years in the Liberal interest. It is understood the new company will contain not more than ten shareholders and the capital will be £25.000 as fixed above the price paid for the paper, which represents between £8000 and £9000.
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https://paperspast.natlib.govt.nz/newspapers/FS18970406.2.37
Bibliographic details
Feilding Star, Volume XVIII, Issue 234, 6 April 1897, Page 3
Word Count
188Hew Zealand Times Company. Feilding Star, Volume XVIII, Issue 234, 6 April 1897, Page 3
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