Loan and Mercantile Company.
[per press association.! London, April 22 In bis evidence before Judge Williams, Mr Thomas Russell said that a rise of 3d in wool would quickly restore the New Zealand Loan and Mercantile Agency Company to a sound position. \ Mr Larkwortby was eccentric in bis behaviour, and he did not trust his judgment. Witness denied tbat be would be personally ruined if tbe Company were not assisted to resume business. He i would still be able to pay the interest on the principal without undue personal sacrifices. The Waikato properties were of enormous extent. He was not aware that the 1888 prospectus was misleading. The Judge, referring to the various circulars that had been issued, said tbe ' Company had always seemed to be oppressed by the fear of telling too niueb. The Company had allowed Mr Russell an excessive amount of influence in arranging the Waikato transaction. Mr Russell, however, denied that this was the case. Mr C. J. Hegan aud Mr W. W. Oswald have joined the Board of Directors of the company.
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Bibliographic details
Feilding Star, Volume XV, Issue 296, 24 April 1894, Page 3
Word Count
177Loan and Mercantile Company. Feilding Star, Volume XV, Issue 296, 24 April 1894, Page 3
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