THE LOAN AND MERCANTILE COMPANY.
Presi Aseoclatlon— By Telegraph— Copyright London, November 15. . Mr Justice Williams has stayed- the proceedings against the old Directors of the JSew Zealaud Loan and Mercantile Agency Company on the grounds that the new Company would be commercially injured. In giving hie decision Mr Justice Williams said ie would be proved in. the long ruu whether it was preferable to suppress the truth and prevent further disclosures. Eight never did harm, even in commercial affaire. He hoped the decision would not injure anybody. He was satisfied that the old Company did not) deeire to shield their Directors and he stopped the action solely in the new Company's interests. It was most reluctantly he did this; for it was unfortunate and regretabie from every point of view that the charges should remain unsettled. The new Company cousented to pay the costs. November 16. The Financial News says .Mr Justice/Williams' judgment in the Loan and Mercantile Company's case was sound. He had personally forced on the action against the Directors, and now admitted he was wrong.
CABLE NEWS.
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Press, Volume LI, Issue 8953, 17 November 1894, Page 7
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181THE LOAN AND MERCANTILE COMPANY. Press, Volume LI, Issue 8953, 17 November 1894, Page 7
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