Page 2 Advertisements Column 4

Manawatu Herald, Volume III, Issue 4, 14 September 1880, Page 2

I Creditors and their Dividends,— A first and final dividend of one penny and nineteen-twentieths of a penny in the pound has just been declared in the liquidation by arrangement of the affairs of Edward Parker, of Sheffield, law stationer, nlso lately carrying on business in co-patnership with William Booth (now deceased), Joseph Croft, Joseph Angus, Francis Day, Humphrey Turner, Benjamin Jones, and James Booz Cave, as manufacturers of iron and steel, under tho style of " The Cardigan Imn, Steel, and Wire Company." We happen to kuow a case in which, the deb: being 10s, the trustee liberally gives tho creditor the benefit of one-twentieth of a penny, and transmits by post a dividend warrant for one penny. And if the fortunate creditor nhould be unable to make personal application, the dividend will be remitted by post at the oost of yet another penny. To puy this dividend, at> actual expenditure of doublo its amount is thus incurred, even if we take no account of stationery, &o. The matter deserves to be chronicled among the ouriosities of liquidations. — Sheffield Independent.