Show ilnrietta Cos New Debenture LONDON Aug 11 Murietta Co who became so deeply involved in various speculations spec-ulations recently that it was necessary to change the firm into a limited liabilities company to raise the money needed to tide it over its difficulties now proposes to issue t is-sue 1000000 new capital in second debentures deben-tures bearing 6 per cent interest The value of these debentures is calculated vaue upon an estimate of the assets of the company com-pany The new concern will have a margin mar-gin of 1400000 after providing for the first debentures and its annual profits will amount to fully J 2000oO No provision is mde for the redemption of the second debentures but the company reserves the right to exchange for fully paid up preference prefer-ence shares Subscriptions td the new Issue will be invited privately among leading financial firms and it is rumored that these invitations have been somewhat successful This afternoon a financial paper of this city advises the public not to invest in tho debentures It says the statement state-ment that during the last five years the average yearly profits of the firm have 0 been 500000 may be correct but that this does not afford the slightest guidance n to the future results |