MINING SHARES
ioF EX-PREMIER OF QUEENSLAND
3.5 •- (Australian Press Association.)
BRISBANE, May 9.
Evidence of Mr W. McCormack’s interest in mining ventures was given to-day at a Royal Commission whicl. ‘s inquring into the sale 'df Mungana leases to the Queensland Government n 1921. At the- time Mr McCormack was Premier. It was stated that the Government paid £40,000 for leases 'and that Mr McCormack held a considerable number of shares, or indeed far more than he admitted owning. Duncan Mac Diarmid gave evidence that Mr McCormack had 388 shares .allotted in his own name while 2,688 were transferred from Frederick Reid who was .interested in these leases, to Mr McCormack’s three sisters. Dividends amounting to £13.328 were subsequently paid to Mr McCormack and his sisters. Receipts for the money payable to his sister Miss Mary McCormack, “were obviously in McCormack’s handwriting,” he said. MacDiarmid,- who was formerly secretary of the Mungana Company, said he had no reason for sheltering Mr McCormack. Cheqves due to Mr McCormack’s sisters were probably sent “care of Mr McCormack, Premier’s' Office Parliament House. '
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Hokitika Guardian, 10 May 1930, Page 6
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179MINING SHARES Hokitika Guardian, 10 May 1930, Page 6
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