CALLS ON SHARES
A MORATORIUM SUGGESTED. In the House of Representatives on Thursday, Mr. A. M. Myers' (Auckland ■Bast) gave notice to ask bhe Prime Minister, "Whether, in. view of the-pos-sibility of many people of slender means suffering great hardship • through the forfeiture of shares in limited compaaies,- owin" to their inability to pay the calls made since the declaration of war, the Government will take into consideration the necessity of affording these shareholders some , measure of protection, and make provision whereby no shares in limited companies shall be forfeited or sued for during the"continuance of the present war, or for,' Bay. six months thereafter, in the event of the shareholders being unablo to pay the calls made by the said companies since the outbreak of war? ,, "A provision of this nature is especially desirable in the case of gold-mining companies at the present time," Mr. Myers added by way of explanation. "A large number of shareholders in the gold-mining companies of the Auckland province are business people in a small nay, and many ofthom now find themselves in difficulties because, they are unable at the present juncture to pay calls'made by certain companies since the commencement of the war. Several companies have issued notices that the shares will be forfeited unless payment is made by a certain date. In view of the trade depression caused by the war, these shareholders should bo protected until trade and commerce become more normal."
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Dominion, Volume 7, Issue 2259, 19 September 1914, Page 8
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241CALLS ON SHARES Dominion, Volume 7, Issue 2259, 19 September 1914, Page 8
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