NEW WHALING COY

Hokitika Guardian, 24 December 1930, Page 8

NEW WHALING COY

N.Z. LICENSE. ily Teleriiaph- Per pri.^Association ' ; DUNEDIN, December 22. Mr R. Nichol, of the firm, of Moore Moore and Nichol, received by the last English mail confirmation of the news previously published in connection with the new whaling, company that originated in Dunedin. Its title is the British Antarctic Whaling Company. Tne capital is £225,000. A very strong Board of Directors has been secured in London. Provision is made in the articles of association for the appointment of local boards. The company is to take over and acquire from. Mr John N. Neil all the rights of a license to be granted by the New Zealand Government to operate two whaling vessels for a. period of twenty-one years, from September 1931, in New Zealand mandated waters, including the Ross Sea, with the use of the Ballany Islands as a base and the benefit of an agreement entered into with the ArmstrongWhitworth Company for building a vessel for £350,000 and five chasers for £105,000. Delivery of these six vessels to be within eleven months from acceptance of the contract. The necessary financing of the company has been arranged. The firm of J. G. Neil and Company is appointed managers of the company for a period of five years.