STEWART GOLD COMPANY
HOW IN LIQUIDATION MEETING OF CREDITORS A meeting of creditors of tlio Stewart Gold Company, in liquidation, which was ordered by tlio court to bo wound up on September 8, was held before the Official Assignee (Mr J. M. Adam) to-day. The meeting was called to consider the appointment of a liquidator in place of the Official Assignee and to decide whether the creditors wanted a committee of inspection appointed. The meeting decided that no application be made to the court for a liquidator, and also that no applications bo made for a committee of inspection to act with the liquidator. Liabilities of the company, an unregistered one. were set down at £1 ,GB3, and wages and salaries £426. Assets, whch were composed wholly of mining machinery and plant at Waikaka, were estimated at £2,175. There were 22 members of the company, holding 750 £lO shares all fully paid up Creditors discussed with the assignee the question of the liability of these shareholders, the assignee stating this matter would have to bo decided later. It was decided to leave the disposal of the plant and machinery in the hands of the assignee,' who will inspect it before coning to anv decision concerning the method of sale.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19411002.2.8
Bibliographic details
Evening Star, Issue 24005, 2 October 1941, Page 2
Word Count
209STEWART GOLD COMPANY Evening Star, Issue 24005, 2 October 1941, Page 2
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.