COMPANY INQUIRY.

Pahiatua Herald, Volume XLII, Issue 12732, 24 August 1934, Page 7

COMPANY INQUIRY.

SOLICITOR’S ASSURANCE. ACCEPTED BY COMMISSION. Electric Telegraph—Press Association AUCKLAND, August 22. Evidence concerning the Transport Mutual and General Insurance Company, Ltd., one of the companies mentioned in the interim report of the Company Promotion Commission, was tendered at a sitting of the commission at Auckland by Mr M. G McArthur, solicitor. The hearing was held following a request from two officials of the Auckland District Law Society, who appeared before the commission and stated they knew Mi. G. McArthur as a man of integrity and a practitioner who enjoyed the confidence and respect of the legal profession. They were perturbed lest the publication of his name in the interim leport should be misinterpreted by the general public to his professional detriment. Mr McArthur indicated to the commissioners that had he been informed that evidence was being taken in relation to the affairs of the Transport Mutual and General Insurance Company, Ltd., on June 7, he would have been perfectly willing to attend and give all the information in his power. The commissioners accepted this assurance. It was subsequently stated by the commissioners that they were satisfied with Mr McArthur's explanation of his connection with the transaction. They desired to state that the inclusion of the names of individuals in the interim report did not necessarily imply any moral criticism.

SITTING IN SYDNEY. SYDNEY 7 , August 22. "When the Royal Commission which is examining the affairs of a number of investment trust and other companies resumed under the presidency of Mr Justice Hal.se Rogers, assisted by Mr Monahan, H. C. Glasson, secretary of tlie_ Investment Executive Trust of New Zealand, Ltd., was examined regarding entries in the company’s 19.33 balancesheet.