L.C. GITTINS (_Acting Manager of the Woods Department_).
SHARE CAPITAL.
The original shares of the Company were L10 each. It was decided in 1897
to reduce them to L7 fully paid, which placed the capital at L612,500.
Shortly afterwards each L7 share was converted into seven shares of L1
each.
In 1906 the shareholders authorised the creation of L200,000 of fresh
capital, which was issued to them in two blocks of L154,000 in 1906 and
L46,000 in 1907.
Fresh capital was authorised in 1908, viz., L187,500, of which L161,608
was issued in 1909, and further lots have since been issued, bringing
the total amount of authorised capital to L1,000,000, and of issued
capital at 30th June, 1910, to L982,347.
An issue of L50,000 Six per Cent. Debentures was made in January, 1904;
and the whole amount was redeemed on the 1st July, 1909.
BAZAN LANDS.
Part of the area sold to the Company consisted of a block of
approximately 88 Spanish leagues, or 530,000 English acres, which became
the subject of negotiations and lawsuits between this Company, the
Provincial Government of Santa Fe, and other parties, lasting for more
than twenty-five years. The area in question lay to the West of the Rio
Salado, and, at the time when this Company was formed, was supposed to
be included in the Province of Santa Fe.
Pages:
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61