JAMES LAING AND SONS.
CRIDITOXS' PETITION TO WIXD V l
London, March 25.
Tlx Barclay Company of Banker", <Wta are creditors to the extent ot IJttSOfIOO, are petitioning for the comjjulsory winding up of the shipbuilding flrm of James Toting and Sons. Btrciara allege that the halano.'thtet of 1008, shoving a large profit, Indus*! them to advance £IOO.OOO. lAingn then immediately paid a dividend of 5 per cent. Baretav« in Tilly ln-l advanced another £IOO.OOO and £SOOO more la.u febniary l-ainiF su-pended nork Ihree day after the la»t payment. Lainjr allege that their position teas But to unexpected losses exceeding ; .£200,000, which the Bank knew of. The hearing of the case is proceeding
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https://paperspast.natlib.govt.nz/newspapers/TDN19080327.2.19.17
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Taranaki Daily News, Volume LI, Issue 83, 27 March 1908, Page 3
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113JAMES LAING AND SONS. Taranaki Daily News, Volume LI, Issue 83, 27 March 1908, Page 3
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