COMPANIES' OVERDRAFTS
NATURE OF GUARANTEES CRITICISM IN WELLINGTON [by TKLKGRAI'H —rKESS association] WELLINGTON. Tuesday A serious view is taken by the Wellington Chamber of Commerce of the giving of joint and several guarantees to banks as collateral security for overdrafts arranged for limited liability, companies. At to-night's meeting several speakers spoke in strong terms against the practice. A resolution was passed supporting the statement made that the giving of such guarantees was fraught with results not conducive to sound business practice.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19340321.2.161
Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21755, 21 March 1934, Page 13
Word Count
81COMPANIES' OVERDRAFTS New Zealand Herald, Volume LXXI, Issue 21755, 21 March 1934, Page 13
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in