A COMPANY'S AFFAIRS
[Per United Press Association.] WELLINGTON, March 19. The affairs of Norrow and Co., mail order agents, were further inquired into yesterday by the Official Assignee. A statement was received from the Official Assignee in Sydney giving details of the investigation of" the company's affairs. Their estate there was sequestrated in June, 1912. The liabilities amounted to-£1,047, and the assets to £336. The Official Assignee here stated that he approached the Justice Department to have Rowe (Wellington manager and a partner) brought back, but so far nothing had been done. A creditor remarked: "I will spend up to £SO to bring the man back." The Assignee said nothing could be done without an order of the Court. That was the worst of the Companies Act. He had recently wound up a small company, and it cost £BOO in expenses. It could have been done for £lO under the Bankruptcy Act. It was finally resolved—"That the Justice Department be. asked to take the case up, seeing that at least 96 people have been done out of their money, and 1,737 persons had paid deposits on goods and they had received neither goods nor deposits back."
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https://paperspast.natlib.govt.nz/newspapers/ESD19130319.2.45
Bibliographic details
Evening Star, Issue 15137, 19 March 1913, Page 6
Word Count
196A COMPANY'S AFFAIRS Evening Star, Issue 15137, 19 March 1913, Page 6
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