THE TIMBER SYNDICATE.
Airnn^emonts arc concluded for purchase of the Auckland timber bu^ho^ and mdl* by a Melbourne syndicate, nnd the li-t of timber companies an 1 firms who have a^r^ed to dispose of thoir properties is n e:\rly ofunpictn. Amon^^t the repre=ontativrs of tin 1 kaori imhi'try thf proposition i^ to floot company with capifal of L 1,000,000., 000,000. nnd of thi« «siun from LfiOO.OOO to L7.")(),000 will he ox ponded in buy in? out fiio present owners ; the le v ms .ire on f- fourth c.i^h nnd balance within 12 months, bearino; interest at the rate of 5 per cent per anmnn. Tt i^ understood that Mr Blair, senior, of Melbourne, wlio i 1?i 1 ? here just now, and Mr G, Ilohhhip will act ns managers of the syndicate for the pre-ent. Shares in tlie Union Sa^h and Door Company liave changed bands to-day at 2s fid ; an impression however prevails that after di^ehavrrincr nil liabilities there will bo a balance of 5s to 8s per share.
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Te Aroha News, Volume V, Issue 270, 6 June 1888, Page 2
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169THE TIMBER SYNDICATE. Te Aroha News, Volume V, Issue 270, 6 June 1888, Page 2
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