COMPANY “SOLD”
TASMANIAN GOVERNMENT ACCUSED LEGAL ACTION PENDING (Australian and N.Z. Press Association J (United Service) Reed. 10.43 a.m. LONDON, Monday. Allegations of misrepresentation by the Tasmanian Government were made at a meeting of the Australian Commonwealth Carbide Company, Mr. F. A. MacQuisten, K.C., M.P., who presided, said they often heard of Governments being taken advantage of by private individuals, but the Tasmanian Government had reversed the procedure. “The Government has sold us works and a business on misrepresentation. They were selling to us a going concern, which prospered in their hands and was equipped with new and costly machinery. They produced figures to substantiate these things. Their assurance was all untrue. The business had not prospered and was not a going concern. “In the year before they sold it to us, iff winch they stated they had made a profit, they made a loss. All their statements were untrue. They sold the company a liability instead of an asset.” The company is proceeding against the Tasmanian Government.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290820.2.91
Bibliographic details
Sun (Auckland), Volume III, Issue 746, 20 August 1929, Page 9
Word Count
168COMPANY “SOLD” Sun (Auckland), Volume III, Issue 746, 20 August 1929, Page 9
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