B.A.W.R.A.
PURCHASE OF SHARES, BY CABLE—PBESS ASSOCIATION—COPYBIGHT. Received 11 a.m. to-day. MELBOURNE, April 28. Objection has been taken by members of the Melbourne. Stock Exchange to the statement in the annual report of the B.A.W.R.A. that shareholders should consider a suggestion to vote .£500,000 for settlement and research purposes. The committee f of tlie Exchange instructed its chairman to state that when members had been asked for advice. by clients they had been careful to warn them that, the distributable funds might be reduced in the event of an adverse judgment in impending litigation. The delay in the distribution of funds and other contingencies which were reasonably possible for the vendor and investor to foresee were considered, but they could not possibly have foreseen the course of action which would, in many instances, eliminate a large portion of tlie margin of profit, on the possibility of which the shares were bought in good faith by clients.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19260428.2.49
Bibliographic details
Hawera Star, Volume XLVI, 28 April 1926, Page 7
Word Count
156B.A.W.R.A. Hawera Star, Volume XLVI, 28 April 1926, Page 7
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