WINDING UP A COMPANY
PROVISIONS OF SPECIAL BILL
(From Our Parliamentary Reporter.J
WELLINGTON. November 15.
Provisions for the winding up of the First Mortgage Freehold Security Company of New Zealand, Ltd., are contained in the Companies • (Special Liquidations) Extension Bill, which was introduced in the House of Representatives to-day by GovernorGeneral's message. In explaining the bill, which is a short measure of two clauses, the Minister for Finance (the Hon. W. Nash) said that the legislation of 193435 gave power to the Public Trustee.to act as liquidator in the case of a number of companies inside what was known as the McArthur group. The Public Trustee, however, was appointed only as a receiver in the case of two companies—Wynwood Investments, Ltd., and the company referred to in the present bill. Wynwood Investments, Ltd., had already been wound up in a different way, but the purpose of the bill was to empower the Public Trustee to act as liquidator for the other company. The bill was read a first time.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19371116.2.90
Bibliographic details
Press, Volume LXXIII, Issue 22251, 16 November 1937, Page 10
Word Count
169WINDING UP A COMPANY Press, Volume LXXIII, Issue 22251, 16 November 1937, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.