Finance company denies charges
Five alleged , infringements of the Reserve Bank of New Zealand Act, 1964, in regard to the level of Government stock it held, were denied in the District Court yesterday by a Christchurch finance company. The company, Burbery Finance, Ltd, faces five charges of failing to comply with provisions of the Finance Companies (Investment) Regulations in that it failed to hold, and have registered in its name, an amount of Government
Stock at least equal in nominal value to 20 per cent of its investments. The charges relate to each of the five months from September last year to January this year, inclusive. Mr D. I. Jones, who appeared for the company, elected trial by judge alone and entered not guilty pleas to all charges. Judge Pain adjourned the charges to July 27 for a defended hearing. Miss K. P. McDonald appeared for the Crown.
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Press, 2 June 1984, Page 4
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148Finance company denies charges Press, 2 June 1984, Page 4
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