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SOUGHT FROM SHAREHOLDERS. WILTON COLLERIES CIRCULAR. (Pei Press Association —Copyright). AUCKLAND, October 30. A circular ha s been issued to tho shareholders of Wilton Collieries, Limited, asking them to subscribe £20,000 in preference capital to enable the company to continue operations. The circular announces that negotiations with Renown Collieries, Limited, for amalgamation have failed, and that the two companies are again operating as separate entities. The directors express confidence that with the additional capital the company can carry on. They propose to issue 25,000 £1 preference shares bearing a cumulative preference dividend of 6 per cent. Each of the directors has promised to subscribe for 500 shares. No allotment will he made unless a total of 20,000 shares is applied lor.
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Hokitika Guardian, 31 October 1933, Page 5
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123EXTRA CAPITAL Hokitika Guardian, 31 October 1933, Page 5
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