GOVERNMENT SALE
MISREPRESENTATION ALLEGED A TASMANIAN CONTROVERSY [Australian Prase A*an.J LONDON, Aug. 19. Allegations of misrepresentation by the Tasmanian Government were made at a meeting of the Australian Commonwealth Carbide Company.
..Mr F. MacQuisten (member of the House of Commons) who often heard of Governments being taken advantage of by private individuals, but the Tasmanian Government had reversed the procedure. ‘‘The Government sold us the works and business on the misrepresentation that they were selling us a going concern which had prospered in their hands and was equipped with new and costly machinery. They produced figures to substantiate these things, but the business has not prospered. It was not a going concern. In the year before they sold to us in which they stated that they had made a profit, they had made a loss. They sold the company a liability instead of an asset.”
The company is proceeding against the Tasmanian Government.
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Bibliographic details
Wanganui Chronicle, Volume 72, Issue 198, 21 August 1929, Page 7
Word Count
153GOVERNMENT SALE Wanganui Chronicle, Volume 72, Issue 198, 21 August 1929, Page 7
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