Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

THE NATIVE LAND COMPANY.

Our Auckland correspondent wires that a special extraordinary meeting of the Native Land Company was held this afternoon to consider the advisableness of giving the directors power to realise the assets of the company, and of increasing remuneration of the directors. Mr Kissling, one of the liquidators, stated that the object of the resolution was to give the liquidators the power of compromising instead of forcing people into bankruptcy, but not with the view of showing leniency. Mr Clark proposed and Mr Campbell seconded—"That the liquidators may exercise the power of compromise under the 221st section of the Companies Act." This was carried. It was also resolved that, in addition to the sum of LIQO voted to each liquidator on the 4th August last, tne remuneration be increased by L2OO, to be divided between the liquidation as they arranged, to cover the charge for olerical worjs, and that in the event of landed eatate being realised by liquidators the remuneration for the sale shall be 1| per cent, on the amount of the sale. A resolution was also passed requesting the Bank of New Zealand to allow the liquidators sufficient time to rsalise landed property and recover as much as possible of the shareholders' money.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890615.2.12

Bibliographic details

THE NATIVE LAND COMPANY., Issue 7934, 15 June 1889

Word Count
209

THE NATIVE LAND COMPANY. Issue 7934, 15 June 1889

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working