New Zealand Loan and Mercantile Company.
(Per Press Association.) Meujouene, Jane 7. Mr Elder explains that the New Zealand Loan and Mercantile Company 'g business in the colony is cirried on by means of trust accounts, specially pro* vided for in the memoranda of association. With regard to the two aud a half millions of debentures and shares can* celled, he says that a million of this will ultimately acorue to benefit those interes. ted by means of certificates for the million held by the trustees against the now pre. ference shares, should the recovery in tin present realisable value of pastoral securities take place, and interest will "be paid thereon in the meantime if earned by the Company. ___^^______
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Bibliographic details
Feilding Star, Volume XVIII, Issue 289, 9 June 1897, Page 2
Word Count
119New Zealand Loan and Mercantile Company. Feilding Star, Volume XVIII, Issue 289, 9 June 1897, Page 2
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