C. L. INNES & COMPANY
NEW IBSUE OF SHARES Messrs C. L. Tnnes and Company, Limited, brewers. Auckland and Hamiiton, is issuing the balance of its authorised capital amounting to 7506 £1 shares, the object being to finance business expansion. These are to be offered to shareholders in the proportion of one for six held at a premium of 2s 6d a share. The directors state that a dividend of 8 per cent is assured for the current year, which ends on June 30.
The issue will increase the paid capital to £50.000. At the end of 1937 the authorised capital was increased to £50,000 from £35,000, and bonus shares were issued in the proportion of one share for two ordinary shares and one share for every 12$ preference shares held.
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https://paperspast.natlib.govt.nz/newspapers/WT19380513.2.41
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Waikato Times, Volume 122, Issue 20497, 13 May 1938, Page 6
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130C. L. INNES & COMPANY Waikato Times, Volume 122, Issue 20497, 13 May 1938, Page 6
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