Bankers hold talks
PA I Wellington mThej Jptock Exchange is holding) discussions with the bankers of Napier stockbroking firm, Wall and Associates, which was declared in default earlier this year. The iNapier office of accounting firm Touche Ross • last Friday completed an assignment as special manager of Wall and Associates. 11 Touche Ross was appointed to manage the
firm and investigate its financial position after defaults by several clients led to financial difficulties for the broker. | I The broking firm’s principal, Mr Sam Wall, woujd n[ow work under) the supervision of the [Stock Exchange inspector so that the position of all creditors can be [fully assessed and an appropriate arrangement can be prit to all interested!; parties, exchange executive director, Mr [Roger Gill, said.
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Press, 24 March 1988, Page 34
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124Bankers hold talks Press, 24 March 1988, Page 34
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