OVERSEA HOLDINGS
SHARES IN NEWSPAPER COMPANY. EXTENSION OF TIME FOR CONVERSION. (By Telegraph—Press Association.l AUCKLAND. This Day. In response Io representations made direct to the ■■Herald'' and "Weekly •Times.'' from Melbourne, by the Auckland Stock Exchange, that company has agreed to extend the date by which New Zealand holders of shares can lodge application for renunciation of rights. Recently this Melbourne company issued new shares, under which shareholders were given the right to take up the new issue, in the proportion of one shave lor tour of the old shares already held, and it was in dealings in these rights that the Auckland Stock Exchange was concerned. Permission had not been received in Auckland from the Reserve Bank of New Zealand to deal with, those overseas securities until it was nearly too late to reach the Melbourne market "by the closing date. August l(i. and had nothing been done Auckland shareholders would have lost all rights under the new share issue.
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Wairarapa Times-Age, 9 August 1940, Page 6
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161OVERSEA HOLDINGS Wairarapa Times-Age, 9 August 1940, Page 6
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