BANKING LAW IN NEW ZEALAND
: TO ;DR. iINDLAY. ■ ■■; - (BI; TEIiIaBAPH— PRESS'ASSOOUmoK.)' ■ .-V '■ I :: ' V : Auckland, February 3;, -.',. A deputation, from : the Chamber of Commerce Mvaited.on;Dr.'Findlay.rthis afternoon with, the object .of bringing under his notice an anomaly, in the New; Zealand banking law. .It was.pointed out that, under the'.present lawiia private.,company could register as a limiteahabjlit'y company and give bentures securing. a creditor to the loss and injury of;all other, creditors. .The deputation sought.to have, these debentures'placed on the same-footing as an ordinary bill of sale which must : be; registered within 21 days' and could be 'challenged .within four months.' A case .was;cited of what was described as fraud committed by legal means; -Dr. Findlay promised-to.go into the whole matter ' He said that.,the question was a very-diffl-" cult one,; but. it was possible that, some new' de&mtion of fraudulent representation would meet,tho.case.'vHe i also promised to consider'i the question of.-an amendment of the Bank-ruptcy-Act.;:;:; :'••■•■:'. .■.:■':.'■ ■:'•■■■ .■■ :.-,•■■'■■:■■■; .■-■■■ ■■ I
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Dominion, Volume 2, Issue 423, 4 February 1909, Page 6
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154BANKING LAW IN NEW ZEALAND Dominion, Volume 2, Issue 423, 4 February 1909, Page 6
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