AN UNNECESSARY ACT.
WAGES PROTECTION AND CON, ' .',.■- TRACTORS' LIEN. ;■ ,;'. ;. Pointed remarks were made at a bankruptcy meeting yesterday'by the Offioial. Assignee (irr A. Simpson), with regard to tho working of the Wages Protection and Contractors'• Lien-Act ■ 190 S. He said, that the sooner .the Act was .repealed the better it would be.for the business community. At prosont it. was merely an attraotion to.merohauts to give credit. It should really apply, to. wages only. ; Every contract that came into the assignee's office now had haU-n-dozeii.linns on: it. .Unfortunate oreditors who had ceased to give supplies before the bankruptcy were, unless, they applied for protection within 30 days, liable to lose the whole amount owing to them,-.while smart busi-ness-men could sooop the pool. Mr. Simpson did not think that the Act ; was intended to go so. far, , "and: if it.were repealed merohants would bo fttf' more .careful in dorilins., with mea of straw, who were, profossing to beoon.traotors, *■ . ...
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Dominion, Volume 2, Issue 412, 22 January 1909, Page 7
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156AN UNNECESSARY ACT. Dominion, Volume 2, Issue 412, 22 January 1909, Page 7
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