COMPANY'S FAILURE.
MR. BALFOUR LOSES £60,000. By Telegraph.—Press Assn.—Copyright. Received Dec, 2, 7.35 p.m. London, Dec. 1. The newspaper Truth states the directors of a carbonizing company which was formed in 1912 to utilise Scottish peat for fuel purposes is to wind up its affairs. The* paper sayß hundreds of thousands sterling have been lost. Mr. A. J. Balfour, a member of the Cabinet, was the largest individual shareholder. He invested nearly £60,000. His brother, Mr. Gerald Balfour, who was chairman, was also a large shareholder.—Aus.N.Z. Cable Assn.
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Taranaki Daily News, 3 December 1920, Page 5
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88COMPANY'S FAILURE. Taranaki Daily News, 3 December 1920, Page 5
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