Wallachian Petroleum Company Extraordinary Shareholders Meeting
The Wallachian Petroleum Company calls an extraordinary general meeting to consider issuing 4,000 new £10 shares with 7.4 percent preference and to grant 4,000 grantee shares. Directors argue capital expansion, higher revenue from wells, and no extra calls required, while grantees give up half profits until 5 percent dividends.
MENTIONED IN THIS ARTICLE
Wallachian Petroleum Company
Straordine Neral
Spe Lnaeeey Oe
Ooh Tee Ag
Pisin
Prowas
London Lave
Aequamr
America
Capellini
Schwann
Cusack Roxay
Charles
Glass
Hle
Ney Haw
Deean
Mtss
Local Meeting Votes on Tank Supply and Dividend Cut
A meeting debated tank suppliers Birney Bellamy and Fraser as security for private liability. The chairman took on the risk. Gibbs’s statements were dismissed. A second resolution reducing future dividend withdrawals was carried, with thanks to the chairman as the meeting closed.
MENTIONED IN THIS ARTICLE
Birney
Bellamy
Fraser
Peninsular and Oriental Steam Navigation Company Report
Directors report profits and assets for year ended Sept 30 show total assets £3,581,168 9s 5d and surplus £457,726 13s. The dividend policy includes 34 per cent plus 14 per cent and 2 per cent special payment, with new vessels Surat Mongolia and Tanjore under construction. Cyclone at Calcutta caused property damage but no ship losses. Nubia and Hindostan damaged but repairs underway. mail service adjustments with Mauritius subsidy and Australia line terms discussed.
MENTIONED IN THIS ARTICLE
England
Calcutta
Bombay
Hong Kong
Singapore
General Reserve Fund
Alexandria
Southampton
Messrs. Scott
Greenock
Messrs
Surat
Messrs. Scott and Co
Mongolia
Thames Iron Works and Ship Building Company
Garden Reach
Bengal
Suez
Australia
Mauritius
Reunion
Messageries Imperiales
Also Mentioned on This Page
Peninsular and Oriental Steam Navigation Company