OVERSEAS SALES AGENCY.

Otago Witness, Issue 3523, 20 September 1921, Page 22

OVERSEAS SALES AGENCY.

ORDERED in WIND UP. AUCKLAND. September 9. In the Supreme Ccurr. the Bank of New South Wales petitioned for the compulsory winding-up of the < ‘verse:,s Sales Agency (Ltd.). Auckland The liabilities were stated at £75,000 and the asrec- at £7OOO. It w.-ie alleged that the company is indebted to the bank in £37,232, iv ic-peci of a bill of exchange accept* I by ire mpany which had been disko:u;>- -’ >i •• .* 36:1i August. 1921. It was tiu-th *r a ’ey that the only two shaiehohje " c ti * company wore Robert Frederick V. -re nnerly of Auckland), moi'aha, :ii;n Da:-y \\ ii -on, hi- wife. These two -har-a, Ta: Sydney held a meeting- on An r *-r .’ ). 1920. and passed a resolution to v. u-d v,p volt,r>tarily. which iHo petitioner.- c-iiiremdcd was n* t in the interests of ilia v. hole of ike creditors. Mr Ju -f it e A - - - - ot*d< r winding up the company i:n '-rounds that it could not pay y- debt-. The judge slated that the withdrawal of charges of fraud was only for the pn. of Ue petition, and not an adtui-siou that th re was no fra lid.