Steamships Trading New Issue
p. 17 · Read in the full issue
A PREMIUM of 10/- a share is imposed by directors on the issue by Steam ships Trading Co., Ltd., of Papua, of 66,666 £1 ordinary shares.
Ordinary shareholders will be offered the new shares at the rate of one new share for every share held on April 24.
In 1948, when the company made its last issue of new shares, the premium was 13/- a share.
Major John Brown Reid, of Madang, New Guinea, who has been on furlough in Australia for the past six months, left Sydney by air on his way back to the Territory during the second week in March. Mrs. Reid will join the Malaita for the Territory later in the month.