OVER £14,000,000
SIR G. ARMSTRONGWHITWORTH LOSSES ARAPUNI CONTRACT HELPS (Australian and N.Z. Press Association) LONDON Friday. A drastic reorganisation of the finances of Sir W. G. Armstrong, Whitworth and Company has been announced. It involves writing off losses amounting to £14,117,536. The ordinary shareholders will receive a shilling sharo for each £2 now held. The new capital w will consist of 4,962,812 shares, and £1.036,014 of loan capital.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290209.2.77
Bibliographic details
Sun (Auckland), Volume II, Issue 584, 9 February 1929, Page 9
Word Count
68OVER £14,000,000 Sun (Auckland), Volume II, Issue 584, 9 February 1929, Page 9
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