A WESTRALIAN RAILWAY.
RECONSTRUCTION SCHEME. By Cable.—Press Association.—Copyright London, September 21. The Midland Railway of Westralia has issued a reconstruction scheme for redeeming; Government debentures, prior liens, and 5 per cent, debentures. The holders of 6 per cent, will receive 5 per cent, first mortgage debentures in respect to 62 per cent, of their holdings, the balance being satisfied with new unified ordinary stock. The liability of the present stock will be cancelled. Fifty-six pence will be written off, and the remaining 4s 6d exchanged for unified ordinary stock.
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https://paperspast.natlib.govt.nz/newspapers/TDN19100923.2.39
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Taranaki Daily News, Volume LIII, Issue 141, 23 September 1910, Page 5
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89A WESTRALIAN RAILWAY. Taranaki Daily News, Volume LIII, Issue 141, 23 September 1910, Page 5
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