UNUSUAL CASE

Wanganui Chronicle, Volume 77, Issue 209, 4 September 1934, Page 6

UNUSUAL CASE

SHARES IN A COMPANY. APPLICATION GRANTED. [Per Press Association ] DUNEDIN, Sept. 3. An unusual case before Mr. Justice Kennedy at the Supreme Court this 1 morning was an application by Alfred Emanuel Smith to have his name removed from the register of shareholders of Hatton’s Confectionery Co. in respect of 500 shares, the applicacant claiming that he had been allotted 1500 shares instead of 1000 applied for. Counsel said that nc scrip had been received by Smith, but he had a receipt for £lOOO for 1000 shares. There was no acquiescence by applicant in respect of the other 500 shares. Counsel added that the matter was not contested. Efforts had been made by solicitors to obtain access to the share register of the company, but this was not available. One director, counsel said, denied that he was such, and the secretary denied that he held that, position. Meantime the bank had put in a receiver. Tn reply to the Judge, counsel said that he had a list of shareholders, which showed that the largest holder, Oswald M. Smith, had paid only two shillings per share on 9423 shares, while applicant had fully paid up for 1000 shares. The Judge ordered that the register of members be rectified by '(he removal of applicant’s name as the holder of 500 shares, leaving him registered as the holder of 1000 fully-paid shares.