DUNLOP RUBBER LOSSES.

Auckland Star, Volume 55, Issue 1, 2 January 1924, Page 5

DUNLOP RUBBER LOSSES.

A SERIES OF WRITS. FEES TO THE DIRECTORS. (Received 10 a.m.) LONDON, January 1. f'he Dunlop Rubber Company, in a circular, states that as- a result of counsel's advice, writs have been issued agahist the president of the company (Arthur Ducros) and some others. last and present directors of the company lm\e also issued a writ against Arthur Ducros and James White, claiming relief in respect of transactions in which they were Individually concern id. Arthur. Alfred and George Ducros have issued writs asking that their agreements with the company be declared binding. Under his agreement Arthur Ducros is drawing £12,000 per year free of tax.

Counsel say that only live directors— namely, Sir Eric Geddcs, Mr. Gecrge Beharrell, Sir Guy Grant, and Messrs. Szarvasy and Tait are entirely unaffected

The committee's report states that Mr. Beharrell is now acting as managing director.

The profit for nine months to March, 1923, totalled £000,000. The board recommends that details of the report should not be made public, as some past and 'present directors have made proposals for settlement, and the board is encouraging settlements in all cases, because it is better for the claims of the company to be adjusted without litigation if possible.—(A. and N.Z.)