THE STUD COMPANY.
At the annual meeting of the Stud Coinpuny tlic directors, in their report, stated that the yearling sale possibly exceeded the directors' expectations, although they were cognisant of the fact that good prices would he obtained for • Musket stock. -The directors propo r e shortly to reduce the liability o£ shareholders from £2 10s per share, their present liability, to £1 per share, of which 10s shall be deemed paid up. The financiwl position of the company will then bo as against £18,129 capital p»iid up ; assets : Sylvia Park Hill paddock, Clydesdale and thoroughbred horse stock, Tramway Company shares, and debits due to company, £60,1 i) 3 ; as against liabilities amounting £31)450 ; balance in favour oC company £*20J743. The outlook for fnt'ire opeiations on the whole nny bo regarded as satisfactory, and the company arc in a position to hold its own and make a profit for shiuoholder-'.
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Te Aroha News, Volume IV, Issue 196, 26 March 1887, Page 2
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151THE STUD COMPANY. Te Aroha News, Volume IV, Issue 196, 26 March 1887, Page 2
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