MARCONI’S DISPUTE
SHAREHOLDERS IN COURT (Australian and N.Z. Cab-e Association., LONDON, Nov. 8. There was a heated scene m the High Court, when a section of the Marconi shareholders, following up their former decision, opposed a petition to reduce the capital to £1,625,(XX). Incidentally they accused -Marconi of .speculating in tlie company’s shares to the extent ot 150,0CX) ordinary and 38,000 preference. Marconi’s counsel pointed out that Marconi was seriously ill and it was impossible for him to appear to answer a charge of fraud, hut lie had tiled an affidavit denying the charge, and other directors would give evidence fully on the matter. The hearing was adjourned.
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Poverty Bay Herald, Volume LIII, Issue 16493, 10 November 1927, Page 7
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108MARCONI’S DISPUTE Poverty Bay Herald, Volume LIII, Issue 16493, 10 November 1927, Page 7
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