STATE POLITICS
ARBITRATION AMENDMENT NEW SOUTH WALES BILL. SYDNEY, March 18. The Arbitration Amendment Bill, after being in the Upper House for 12 months, was returned to the Assembly accompanied by a message containing 109 amendments. It is understood that Cabinet will not accept the Bill as amended by the Council. Ministers say that the Government’s Bill has been emasculated. The Government was defeated in the Council when the Large Estates Taxation Management Bill was referred to a Select Committee. THE COMPANIES ACT. AN AMENDING BILL. SYDNEY, March 18. The Assembly, after a long sitting, passed through all stages a Bill amending the Companies Act to protect preference shareholders by providing that ordinary shareholders shall not dispose of a company’s assets without the consent of the preference shareholders. Mr Lang said the Bill would be retrospective to enable the shareholders of Smith’s Weekly (who had, he alleged, been badly treated in connection with the sale of the Daily Guardian) to institute legal proceedings for the recovery of their money.
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Bibliographic details
Otago Daily Times, Issue 21598, 19 March 1932, Page 11
Word Count
169STATE POLITICS Otago Daily Times, Issue 21598, 19 March 1932, Page 11
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