VICTORIAN COMPANIES BILL
Prohibition of Share-hawking The Victorian Companies Bill, which is now before the Legislative Assembly of that State, proposes what amounts to total prohibition of share-hawking. The relevant clause reads; “No person shall, whether by appointment or otherwise, go from place to place offering shares for subscription or purchase to the public or any member of the public.” The Bill thus follows the recommendation of Mr. Justice Haise Rogers, of New South Wales, and prohibits the hawking of shares and debentures. It is much stronger than the New South Wales Companies Act, which makes it unlawful to offer shares from house to house, but adds a definition of “house,” which provides several loopholes for the share salesman. Legal opinion is that, offices, shops, and the shop portion of a shop and dwelling are not covered by the Act, and that in the case, for example, of a grazier l or farmer, who uses part of his house for office purposes, it may be a question of degree to be decided on the facts whether an offence has been committed.
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https://paperspast.natlib.govt.nz/newspapers/DOM19370805.2.173.7
Bibliographic details
Dominion, Volume 30, Issue 265, 5 August 1937, Page 14
Word Count
181VICTORIAN COMPANIES BILL Dominion, Volume 30, Issue 265, 5 August 1937, Page 14
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