WELLINGTON AND MANAWATU RAILWAY COMPANY.
Wellington, Yesterday
The final report and balance sheet of the Wellington aud Manawatu Railway Company was presented at the annual meeting held at noon to day. The chairman stated that after allowing tor all outgoings there were balances in Wellington and London totalling ,£430,400.
The shareholders still had freehold lands at Thorndon taken in at ,£10,260; balances due by land purchasers on mortgage, £26,284; deposits and accrued interest, £36,542 ; Wellington Corporation debentures, £9700; which, together with cash balances referred to, made the total assets, £513.187.
The only liabilities other than share capital were : Sundry creditors, £6,263 ; the estimated cost Of liquidation was set down at £2OOO. The position disclosed bv the balance sheet warranted the announcement that an early distribution by liquidators of 55s per share should be made and provided ; the remaining assets could be realised upon on satisfactory terms. A further dividend of 4s 6d, or possibly ss, per share might be looked for.
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https://paperspast.natlib.govt.nz/newspapers/MH19090320.2.22
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Manawatu Herald, Volume XXXI, Issue 453, 20 March 1909, Page 3
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161WELLINGTON AND MANAWATU RAILWAY COMPANY. Manawatu Herald, Volume XXXI, Issue 453, 20 March 1909, Page 3
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