GOLDMINING COMPANIES.
To the Editor of tha Daily Southkrn Ckoss. Sir, — You will confer a benefit on the community if you would call the attention of the shareholders and directors of the various goldinining companies, haring calls in arrear, to the very objectionable and ruinously expensive mode to some people, by ■which summonses against defaulting shareholders are procured — viz., instead of the legal managers applying for the same, when unavoidable, in which case the amount of ai-rears and the Court fees only would have to be recovered, there is now the expense of one guinea unnecessarily added to each summons as "solicitor's fees," and where probably the whole call in arrear is only a few shillings ; thereby, in numerous instances, increasing the demand beyond the means of the unfortunate debtors to pay ; in which case the said guinea, &c. , must be paid by the solvent shareholders of the company suing. Summonses for calls in arrear are now being sent here in numbers from the Court at the Thames, with the said guinea " solicitor's fee" added, to be served on parties by the bailiff, and it will be readily perceived to what an extent |this abuse may be carritd if not promptly checked. — I am, &c, S. February 9, 1870.
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Bibliographic details
Daily Southern Cross, Volume XXVI, Issue 3892, 11 February 1870, Page 5
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209GOLDMINING COMPANIES. Daily Southern Cross, Volume XXVI, Issue 3892, 11 February 1870, Page 5
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