SENSATIONAL LOSSES.
uuAKA.\m:i.\c; HOTELS AND BUKVVKUiKs.
by Cable.—Press Amoeiatioa.—CoyyrljflH Received li, 10.13 ji.ni. London, December 0. Tlio Law Guarantee, 'i iu i uiiti Ace.item Society lias sulTcred sensational losses over" breweries and hotels, j«riiculariy in connection ivith .lie unnouuti » system of guaranteeing inWtsagc» nil'l t debentures.
.Mr. Jin in.-, chairman, estimates that properties originally worth t4,tf12,j!!0 are now worth only £1,703,173. The accounts show that nil, the capital is lost, while there is a further deficiency of £200,000. Some shareholder* arc pitying 40 shilling* p.r share in >rder to escape the unpaid liability. The majority of the shareholders are bar-.il ters, solicitors and their clerk*. An influential committee propone v limitary liquidation. "
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Taranaki Daily News, Volume LII, Issue 258, 7 December 1909, Page 2
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112SENSATIONAL LOSSES. Taranaki Daily News, Volume LII, Issue 258, 7 December 1909, Page 2
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