Correspondence.

Hawke's Bay Herald, Volume XXX, Issue 10093, 7 September 1895, Page 3

Correspondence.

the Editor does Dot hoirt himsolf roßponaiblo ror opinions expressed by correspondents. THE NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY. SIR, — 1 aeo in your Issue of thia date the followitß tehgrnm t— " Charles J. Tavlor, formerly a colonial director of the New Zealand Loan aj/d Mercantile Compauy, la bankrupt. The comp my ia a creditor to the extent of £64,695." Can you inform the shareholders whether the word " formerly " meana that the person in question was one of the'ipW directors ? I would fain hope that thU waa the case. The shareholders will, I am hure, anxionsly await further information upon the following points : — l. Upon whai) security was so large a snm advanced ? 2. Which Board— the "old" or the " now "— is responsible for advancing it ? 3, What steps do tho present directors Intend to take in the mitber? I can assure them that thpy .will best) cun-.mlb the Interests of the company by taking the ahareholders fully into their coufidencp. The company is on its trial.— l am, &c, H. H. Murdoch. [We cannot give the information asked, except that as it waa seated tbat Taylor waa a colonial director, it mnat have been before the mar»gßment was removed to London— Ed 11.8.H]