Then we come to the intimation thnt the balance of the unallotted Shares are to be offered to the Shareholders ; applications for which must be made on or before the Ist of June —next Wednesday. But where ? How ? With whom ? How is it proposed that they should be paid for ? What is the deposit (if any) required ? This is the first time we have heard of there being a “ balance ” of the 9000 odd unallotted shares, and we hope it is the last time we shall have to complain of the imperfect information received, from time to time, in regard to this business Possibly the next mail may bring explanations that will set things right, but the transactions of a public company, that are perpetually requiring adjustment on account of existing flaws, are not reconcilable with the fitness of the Directors for their work, nor with their desire to create confidence in the minds of the Shareholders.
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Poverty Bay Standard, Volume IX, Issue 947, 28 May 1881, Page 2
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157Untitled Poverty Bay Standard, Volume IX, Issue 947, 28 May 1881, Page 2
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