CLAIMS FOR CALLS.
[Per Press Association.! !■ AUCKLAND, August 27. At the Magistrate's Court to-day cases for non-payment of calb in the Bank of New Zealand came before Mr Northeroft S.M. The first heard was the Bank of New Zealand v. William Bassett Williams The defendant resides at Lake Takapuna. This was a claim to recover .£sl and interest being the third instalment of call in respect of forty-five shares held by defendant. Mr A. Hanna appeared for the Bank of New Zealand. Defendant appeared in person. In answer to his Worship defendant said that he had a paralytic stroke and could not work He had paid two calls, all that he could. He had no means, and was seventy-four of age. He had saved up and invested in the shares to make provision for his old age. Mr Hanua said that the Directors were compelled to take proceedings against all defaulting shareholders in justice to those who had paid up the call. It was not a case of persecution. Mr JN'orthcroft said that at one time it was looked upon as fortunate to have shares in the Bank of New Zealand; now it was looked upon as unfortunate. He had no alternative but to give judgment for £53 11s 4d,-with costs £5 Bs. In a second case, Bank of New Zealand v. Mrs Madeline Gilmour, of Parnell, defendant did not appear. The plaintiff bank claimed .£33 6s Bd, being first and second call and third instalment of call in respect of ten shares held by her in the bank and interest. Judgment was given for .£35 7s 10d with costs .£3 Is. In other cases judgment was confessed, and they were struck out.
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Bibliographic details
Star (Christchurch), Issue 5655, 28 August 1896, Page 4
Word Count
283CLAIMS FOR CALLS. Star (Christchurch), Issue 5655, 28 August 1896, Page 4
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