BAWRA LIQUIDATION
ASSETS FOR DISTRIBUTION By Cable. —Press Association.—Copyright MELBOURNE, Friday. At a general meeting of contributors to Bawra, Sir John .Higgins said it had been decided, if nothing unforeseen occurred, to distribute on November 15 next 13s 6d per share, representing the .final capital payment of Is a share and a liquidation payment of 12s Od per share. This would mean that the liquidators would make the first liquidation distribution on account of the association’s assets, amounting approximately to £8,000,000.
Sir John remarked that when the new distribution was made, profits, of payments on Imperial wool and sheepskin contracts would exceed £35.467,000, which is in excess of the contract price of 15id per lb of greasy wool. —A. and N.Z.
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Sun (Auckland), Volume 1, Issue 38, 7 May 1927, Page 4
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121BAWRA LIQUIDATION Sun (Auckland), Volume 1, Issue 38, 7 May 1927, Page 4
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