PRIVATE COMPANIES.
DISQUALIFCATION OF COUNCILLORS. A remit before the Municipal Conference to-day was one that might have aroused more discussion than it did. It concerned the private or "family" company, and was couched 1 in the following terms: — •"That the disqualification mentioned in section 42 sub-section (h) of ' The MuniiCipal Corporations Act, 1908 ' shall apply to every shareholder in a priva-te company." Mr. A. H. Hindmarsh, in moving the remit, differentiated between a private and a public company. What they objected to was the "family company' 1 established to circnmveot the Act. The question was an important one involving a, principle of great seriousness?. "Take the grandmother or the mother-in-law into the company and there you have it," concluded Mr. Hindmarsh. The motions Jwas carried.
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Bibliographic details
Evening Post, Volume LXXX, Issue 5, 6 July 1910, Page 8
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125PRIVATE COMPANIES. Evening Post, Volume LXXX, Issue 5, 6 July 1910, Page 8
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