SHAREHOLDERS’ PETITION
SOUTHLAND WOOLLEN MILLS LIQUIDATION SOUGHT Press Association DUIsEDII's, Tuesday. Four shareholders, claiming to represent the holders of more than half the shares in the Southland 'Woollen Mills, Ltd., petitioned the Supreme Court for the winding up of the company on the grounds that is was not a sound commercial investment; that the directors had abused their privileges by hurriedly entering into a contract for machinery; that the capital subscribed was insufficient, and that the mill now proposed to be erected is widely different from the original proposition. The case is proceeding.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19281128.2.56
Bibliographic details
Sun (Auckland), Volume II, Issue 528, 28 November 1928, Page 6
Word Count
93SHAREHOLDERS’ PETITION Sun (Auckland), Volume II, Issue 528, 28 November 1928, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in