The Newry Telegraph Limited (agreement)

NMM:2003.7.H.4.001

Copy memorandum stating that Alexander Fisher of Newry agrees to purchase the Newry Telegraph Limited in trust with James Adams with object of formation of a Limited Liability Company; Fisher to hold 600 shares of £1 each and Adams to hold 300 shares of £1 each. In addition, Fisher will provide £450 in cash and...

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Copy memorandum stating that Alexander Fisher of Newry agrees to purchase the Newry Telegraph Limited in trust with James Adams with object of formation of a Limited Liability Company; Fisher to hold 600 shares of £1 each and Adams to hold 300 shares of £1 each. In addition, Fisher will provide £450 in cash and agrees to loan a further £150 to the company; Adams to supply machinery and plant for business and agrees to give his time to operate the concern with remuneration of £75 per annum with bonus earnings. As a company director, Fisher will receive £50 per year and Adams a payment of £25 per year. John Thompson is appointed to supervise company accounts on a salary of £25.