COMPANY AFFAIRS.

Auckland Star, Volume LXIV, Issue 74, 29 March 1933, Page 4

COMPANY AFFAIRS.

NEW REGISTRATIONS. The following new registrations have been made:— Private Company. Supreme Motor Repairs, Ltd.—Capital, £250 in 250 shares of £1 each. Subscribers: Auckland, D. M. Appleton 125, G. Appleton 125. Objects: Deal in motor vehicles, etc., and incidental. Kaingaroa Development, Ltd., to carryon the business of a land development company in all its branches, etc. Capital, £6000 in 120 shares of £50 each. Subscribers: Alexander Manson, 58 shares; P. A. Spurdle, 57 shares; G. S. Johnston, 5 shares. Public Company. Central Shotover Gold Mining Coinpan v, Ltd., Dunedin.— Capital, £11,000, divided into 220,000 shares of 1/ each. The subscribers are: Messrs. A. D. Edgar, H. B. Hart, G. Thompson, W. A. Miteon and E. Varcoe, of Dunedin, Mr. F. L. Weddell. of Shotover, and Mr. W. D. McLeod, of Manderville, all 1000 6hares each. Increase of Capital. Tung Oil Securities (N".Z.), Ltd.— Capital increased to £20,000 by creation of further 19,000 shares of £1 each. Wholesale Supply Stores, Ltd.—Capital increased to £1000 by issue of 850 shares of £1 ea-ch. Milton a-nd Co. (N.Z.), Ltd.—Capital increased to £.5000 by creation of 4000 additional shares of £1 each (ord.). Reduction of Capital. Faparoa Coal Co., Ltd.—Capital reduced from £63.820 into 63.820 shares of £1 each to £47,865 into 63,820 shares of 15/ each. Companies Winding Up. Walton (R.), Ltd., Auckland.—H. Walton, Auckland, liquidator. Whitworth Engineering Co., Ltd. —T. Davies. Fernleigh Avenue, Auckland, regd. liquidator. PROTECTION FOR INVESTORS. It has been announced by the Sydney Stock Exchange that a new Companies' Bill of a comprehensive character is being prepared, and will be brought forward during the next session of the New South Wales Parliament. The existing legislation is a consolidation of measures going back to 1840. Though amendments have been made from time to time, the statutory provisions on the whole are regarded by both legal and commercial interests as being hopelessly out of date. The proposed new legislation is expected to follow closely on recent English and Queensland enactments, and on becoming effective, should furnish much-needed protection to investors.