Solomons Development Co.
p. 16 · Read in the full issue
Shareholders in Solomon Islands Development Co. Ltd. have been asked to agree to proposals by the directors that the capital of the company be reduced from £100,000 in shares of £100 each, issued and paid up to £95, to £50,000 in shares of £50 each, paid to £45.
It is to be suggested that the reduction be effected by cancellation of paid up capital, which has been lost or is unrepresented.
The company paid a dividend of 2 per cent, in March, 1932, when its planted area comprised 3*92 acres under coconuts and 190 acres under rubber.