THE MERCANTILE BANK.
TO BE TAKEN OVER BY A TRUST. By Cable.—Press Association.-Oopyright London, July 15. A Melbourne trust proposes to acquire the Mercantile Bank assets for, inter alia, £24,086, payable by the issue to the Mercantile Bank of 120,330 trust shares enabling a distribution of nine fully-paid four-shillings shares for each pound share. The trust also proposes to issue by way of dividend new debenture stock representing to a considerable extent the difference between the trust's share capital and the value of assets after the Mercantile Bank has been absorbed.
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https://paperspast.natlib.govt.nz/newspapers/TDN19100718.2.39
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Taranaki Daily News, Volume LIII, Issue 84, 18 July 1910, Page 5
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91THE MERCANTILE BANK. Taranaki Daily News, Volume LIII, Issue 84, 18 July 1910, Page 5
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