COMPANIES BILL.
MOVE FOR MODIFICATION.
MEASURE MAY EE DROPPED
SYDNKY. March 10. The Now South .Wales Parliament has been adjourned until April 25. The Companies Amendment Rill, which provides that ordinary shareholders are not to dispose of assets v. ithout. the consent of preference shareholders, was allowed to stand over in the Legislative Council after a petition praying for its modification hurl lieen presented and counsel heard at the liar of the House on hehalf of Messrs. R. Parker end 1). Packer.
Counsel explained the financial position of certain newspapers affected and asked the House to say that it- was not a place to deal with matters of such grave importance to companies. The Sydney Morning Herald says it is learned in Parliamentary circles tint the Ministry has decided to drop the hill a.s It would be defeated in flic Council, arid it is rumoured that Mr. J. Concannon. tion. Minister, threatened to resign if 1 lie Dovernment went ahead with the measure.
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New Zealand Herald, Volume LXIX, Issue 21137, 21 March 1932, Page 10
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163COMPANIES BILL. New Zealand Herald, Volume LXIX, Issue 21137, 21 March 1932, Page 10
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