A Company Scandal.
STARTLING REVELATIONS. MANIPULATION OF SHARES. By Telegraph—Press Association—Copyright London, July 27. . Mr Barnes, the Official Receiver, lias made startling revelations in connection with the London and Globe Financo Corporation handing shares to a BritishAmerican Corporation, with the view of recovering indebtedness prior to the publication of the balance-sheet in December last. lie instanced tho transfer of two hundred thousand of the Westleroi Mining Company’s shares at par, cx dividend. Tho Westleroi had five undeveloped claims costing 38,000 dollars, representing issues of capital to tho extent of 437,000 dollars. Secondly, tho London and Globo Corporation paid the BritisfhAmerican Corporation 200,000 dollars by giving a half-interest in five claims which cost 35,000 dollars. Mr Barnes has been invited to liquidate tho London-Globo Corporation, in conjunction with a committee of inspection. The Westleroi is an American Company. It was registered in 1898 to purchase from tho BritishAmerican Corporation twelve claims in Kootenay district.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19010729.2.20
Bibliographic details
Gisborne Times, Volume VI, Issue 169, 29 July 1901, Page 2
Word Count
153A Company Scandal. Gisborne Times, Volume VI, Issue 169, 29 July 1901, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in