THE BRUNNER MINE.

Otago Witness, Issue 2304, 28 April 1898, Page 9

THE BRUNNER MINE.

! THE DEBENTURE-HOLDERS' INTEREST. Wellington, April 19. la consequence of the judgment of the Supreme Court in the Brunntr cases steps have already been taken by the debentureholders to protect their interests. The Greymouth Point Elizabeth Coal Company's capital is chiefly debenture oapital. It is secured by a first mortgage on the property, and Messrs Bell, Gully, and Bell, acting on behalf of the mortgagees, have pub Mr Piloher (secretary to the company) in posseMion of the property. Further instructions are being awaited from England, where Mr M'Dougali, the general manager, now is. He went Home some time ago for the purpose of reconstructing the com- j pany and securing further capital, bubthenego- ; tiations were interrupted to await the issue of I

the actions just decided, The qncetion |>?<wtically is whether the property is worth the amount given in judgment; against the company. The point wil> probably be argued at the Court of Appeal's coming session as to whether the plaintiiir- in the notions enn step* in before the debenture-holders fco satisf jjadgment. April 20. 5 AppJfcaiioa was mvte Uii? ca.o-altig for at> injunction to prevsnr lha GrF.yoacuih-Poiiit Elizabeth Company working or disposing of tha mine, and to ayp<:iab a receiver for tbe safe custody of the plant and profifca. Mr Bell said that the debenture-holders were now in possession, but undertook that the plant should not be removed without an order of the court, and that a strict account would be kept of the receipts pending the decision of the Court of Appeal on the question of priority of claim as between the plaintiffs in the recent actions and the debenture-holders, whereupon the motion was adjourned till the Appeal Court's decision ia known.

AN AOTIKB JXJOSiE AW'fiOTK^ Tbe Groverniasfc* hay* tppchTMd Ijt VAva&W Pecarfith^, fr>!s>i»V ps-h-ite smowsi to mt fVas. hi %9 "mzij'GfUiVv.jxids-i duiingtht a'bj.ni'sft 'A Sfi:- J&siice Williams. Frederick W. PauaefatLer, 8.A., LLD., younger son of Edward JPentiefather, Q.O ol Dublin, xvi,- born on April 29, 1852, and educated at Trinity College, Cambridge, where ha graduated B.A. 1874, LL.M. 1877, LL.D. 3891He entered at Lincoln's Inn in December, 1874, and was called to the bar in November, 1877. Ha went the south-eastern circuit, and was called to the Irish bar in 1878. He was private secretary ™Js W - Jervoia in South Australia from 1881 to 1883, and in New Zealand from 1883 to 1886. Ha was one of the commissioners for New Zealand at the Colonial and Indian Exhibition in 1886j was appointed lecturer on laws in the University of Adelaide in 1887, and professor of laws in 1899 He is the joint author of "Pennefather and Brown on the Civil Code of New Zealand."