INSPECTORS AT WORK

Evening Post, Volume CXVIII, Issue 35, 10 August 1934, Page 10

INSPECTORS AT WORK

SECRECY PRESERVED

(By Telegraph—Press Association.)

AUCKLAND, August 9.

An, investigation of ■ tho affairs of the Investment Executive Trust of New Zealand, Ltd., and its subsidiary companies was commenced in Auckland today by the four inspectors appointed by the Executive Council under , the Companies (Special Investigation) Act passed by Parliament last night.

, The offices of the companies are grouped in three city buildings—Yorkshire House- in Shortland Street, the National Bank Buildings in Fort Street, and the Colonial Mutual Buildings in Queen StTeet. It iB understood that the inspectors visited the various offices at 9 o'clock and informed representatives of the" companies that investigation would commence an , hour later, when documents giving them the necessary authority to proceed with their task would bo lodged with the Supreme Court at Wellington. On the occasion of the first call representatives of the companies were warned that no documents relating to the affairs of the various companies must be removed or destroyed.

The investigation was later commenced, and tho inspectors were employed for the greater part Of the day. No information as to the progress of

the investigation or its possible duration could be obtained from the newlyappointed officials.