1819), indicative of a lack both of paper money redeemable in specie and of coins in circulation.
It extended its "replevy" law whereby debtors could redeem their property following a foreclosure sale, to one year if the creditor agreed to accept notes of the Bank of Kentucky and to two years if the creditor insisted on being repaid in specie (Western Monitor 15 Feb.
As part of the scheme, OAC will make a special net cash dividend payment to OAC shareholders for each share held by them, and also make a dividend in specie
of existing Great Eastern Holdings shares held by OAC.
The LionOre Australia shares received by Capricorn (representing about 26 percent of LionOre Australia) will simultaneously be distributed in specie to Capricorn's shareholders and, as the final stage of the transaction, LionOre Australia will be listed on the Australian Stock Exchange ("ASX").
Through its small shareholding in Capricorn, LionOre will receive approximately 1 percent of LionOre Australia, via the in specie distribution, taking its total holding to just over 75 percent.
This will allow Metex to distribute a significant proportion of shares to Metex shareholders on a pro rata basis, as a distribution in specie
in satisfaction of the reduction of capital.
GHMC-CDN) ("Golden Hill") announces that the Board of Directors has recently resolved to declare dividends in specie of the shares of two wholly owned subsidiaries, Global Discovery Corp.
Following the declaration and distribution of these dividends in specie, it would be the intention of management to pursue various business opportunities which may become available to Global Discovery Corp.
Financial Limited has declared a dividend in specie
of 2/5th of a Common Share of Perle Systems Limited on each of its outstanding Class A and Class B Shares to Shareholders of Record at the close of business on May 10, 1996 to be payable on the 31st day of May, 1996.