A QUESTION.
To the Editor of the Hebald. am a shareholder in one of the present numerous miDing companies ; it possesses twelve men's ground, divided into four hundred shares, and I understand a question has arisen whether all shareholders must not hold minors' rights. It seems to me absurd, but as an impecunious Government cannot bo expected to adhere strictly to equity, I should feel obliged by being favoured with your opinion on the subject. Supposing the four hundred shares were to bo held by four hundred different parties, are they to pay £400 per year for the privilege of working twelve men's ground ? Or, supposing I were bankrupt and had fifty creditors, mutt they, before they cau participate in the profits of my Bingle share, be taxed £50 per annum ? If so, and hundred were to become bankrupt, each with fifty creditors, the Government would indeed have found a payable gold-field, for what they sold in the first instance for £12 per annum would produce them £20,000 a year—not a bad spec in theae hard timeß.—l am, &c:, In-qttihee. Auckland, May 30, 1868.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18680602.2.29
Bibliographic details
New Zealand Herald, Volume V, Issue 1417, 2 June 1868, Page 5
Word Count
184A QUESTION. New Zealand Herald, Volume V, Issue 1417, 2 June 1868, Page 5
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.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in