CAPITAL INCREASE
PROPOSAL BY DONAGHYS Donaghy’s Rope and Twine Company, Ltd., has received advice that the Minister of Finance has authorised the company to increase its nominal capital from £125,000, divided into 125,000 £1 shares, to £250,000, divided into 250,000 £1 shares. The directors will call a meeting on January 19 and if the shareholders approve this increase in the nominal capital, the board proposes issuing 62,500 £1 shares at a premium of 20s per share, which was fixed by the Minister of Finance. The issue will be made to existing shareholders by offering one share for every two shares held, 20s payable on March 1. and 20s on April 1.
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https://paperspast.natlib.govt.nz/newspapers/ODT19471210.2.100.3
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Otago Daily Times, Issue 26640, 10 December 1947, Page 7
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111CAPITAL INCREASE Otago Daily Times, Issue 26640, 10 December 1947, Page 7
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