Wellington-Manawatu Railway.
THE SHABEB ALL COVBREDw
;(Reuter's Telegrams.) - London, June,^6.°! The Wanee of the UL^fott4d shares of the Wetlirigtod^'jj^B^riaK watu Railway Company m the market -to-day and Imfy 'cov^ r ere J d.' ' ; ■■■' ■ . . ■ . ' ' : -'~ l: -.. . " -' : :\i:
Per United Press Association. ': ; Wellington, June 7. [./? The Manawatu Railway Company . to-day received a cable from -Sir '£$+, -l>\ Yogel, announcing that their deberii^ tures t amounting to £200,000 hay» been taken up by a London syndic v i cats. The' debentures bear 5. p|rnu cent, interest, but the Directors! re^*^ fuse to state at what price they hav&> v been disposed of, beyond the general ; statement that it is a satisfactory one. By the Act they cannot sell afc a price which will give the i pur-, chasers more than 6 per cent, ; The ; reserve of 400,000 shares has also; '.':. \* been taken up m London on tb« iame^ : j terms as the shares; held m the co- *; -■■ lony. The Direciprs iibyv intend tp}'-^ push on the construction of the linev" {$■ wifeh the greatest possible rapidity. : -,
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Manawatu Times, Volume VIII, Issue 283, 8 June 1883, Page 2
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170Wellington-Manawatu Railway. Manawatu Times, Volume VIII, Issue 283, 8 June 1883, Page 2
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