JAMES LAING AND SONS.
WXNDIXG-UP PROCEEDINGS. Received 28th, 4.40 p.m. London, March 25. is connection with James Laing an<l Co.'» winding-up proceedings, after Hugh Lung's {rank and explanatory evidence, Uw Barclay Company of Bankers have Withdrawn their application for conipul•orily winding up, and have agreed to voluntary liquidation.
Hm Barclay Company of Bankers ptre creditor* to the extent of £230,800 is the estate. Barcays alleged that Iha balance-sheet of 1900, showing a big* profit, induced them to advance iXIOOJMW. Lungs then immediately paid • dividend of 5 per cent. In July last Ifeey advanced another £IOO,OOO, and UE6OOO more last February. Laings ■uspended work three days after the last payment. Laings alleged that their position was due to unexpected losses MWSding £200,000, which the Bank fcamr ot
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https://paperspast.natlib.govt.nz/newspapers/TDN19080330.2.12.28
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Taranaki Daily News, Volume LI, Issue 85, 30 March 1908, Page 3
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126JAMES LAING AND SONS. Taranaki Daily News, Volume LI, Issue 85, 30 March 1908, Page 3
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