A BUILDING SOCIETY IN TROUBLE.
(By Telegraph Press Association.) Abckmnd, Wednesday. The Committee of the Auckland Permanent Cooperative Building and Investment Society has issued a circular to shareholders stating that infesting shareholders, holding more than half of the Saoiety'a paid up share capital, having given notice to withdraw, tho Committee feel that the jjocietv'a business can no longer be carriet) on wjihout danger and they therefore intend shortly to convene a general meeting of members, and propose that the Society be dissolved, Thecircul&r proceeds to say ''depositors epd Other creditors will have a first claim upon all assets of the Company. If no seriouß losses beyond tefcjeslimated to arise in realising IMHtoJhero Bhould be funds pay all liabilities, PHMHMi return to the investing HSffirders the money they paid into Bpocietv. The realisation must, jKoTer.be proceededmlh deliberately KB without undue haste."
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Wairarapa Daily Times, Volume XV, Issue 4381, 29 March 1893, Page 3
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140A BUILDING SOCIETY IN TROUBLE. Wairarapa Daily Times, Volume XV, Issue 4381, 29 March 1893, Page 3
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