MARCONI AFFAIRS
HEATED SCENE IN BRITISH HIGH COURT. • —~ i ALLEGATIONS OF FRAUD. AFFIDAVIT OF DENIAL. I (Received Wednesday, 7.45 p.m.) LONDON, November 8. There was a heated scene in the High Court when a section of the Marconi shareholders, following up a previous decision, opposed a petition to reduce the capital to £1,625,000. Incidentally, they accused Signor Marconi of speculating in the company’s shares to the extent of 150,000 ordinary shares, and thirty-eight thousand preference shares. Signor Marconi’s counsel pointed out that his client was seriously ill, and it was impossible for him to appear to answer the charge of frau-d, but he filed an affidavit denying the charge and said that other directors would give evidence fully on the matter. The hcsTing was adjourned.—(A. and N.Z.)]
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Wairarapa Age, 10 November 1927, Page 5
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127MARCONI AFFAIRS Wairarapa Age, 10 November 1927, Page 5
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