COMPANY SCANDALS AT DUNEDIN.
that m such cases directors shall not receive fees ; that where no dividend h« been paid out of profit, no vendor or bonus shares ahall be allowed to make profit in liquidation, directors not to ac. cept contracts beyond acfcoal oaidiiD catlu feu witbottt consuiitog the sfiarefc&toa
that inaßmtch as in many companes aSwuTbta* utUisedforpuiposes other SS_fS£lfc?w_tth the nublic , subscr £ ed ifc the meeting demands that the local «iyo __*«, frir a Commission to be JSK instigate grave charges Sdnring the past half-year: and that S^accSnte of a_ public dredging coniV the Government Auditor.
(From our Special Correspondent.) WELLINGTON, July 29. With a view to avoiding the recurrence of some mining scandals which have ap. cnrred doting the past year the Government is having inserted in bir J.u. "Ward's Companies Bill now before the li_islative Council a clause preventing direotors who have not paid their own calkTfrom enforcing the calls of defaulting shareholders.
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Bibliographic details
Nelson Evening Mail, Volume XXXV, Issue 171, 30 July 1901, Page 2
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156COMPANY SCANDALS AT DUNEDIN. Nelson Evening Mail, Volume XXXV, Issue 171, 30 July 1901, Page 2
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