THE LONGBURN FREEZING COMPANY.
TO THE EDITOR OF THE STAIt. Sm, — Now that the Longburn Freezing Company's cases against some of the shareholders have been decided by the S.M. m the local Court, I think two very important points have been brought out as to the relative positions and liabilities of companies and shareholders respectively. The first is that companies are not bound by, or are responsible for, statements made by their canvassers, be they true or false, so long as the statements are not contained in the prospectus then issued by the company or companies. The second point is that if a shareholder is dissatisfied with the prospectuses or position of the company he is about to or has invented in, and wishes to repudiate any further liability in the said company he must take steps to repudiate at once, and apply to have his name removed from the share register list. I expect this is what may be called sound law, but, being a Scotchman, I can hardly see the justice of it. I am, etc., Jxo. P. Cowif. Makino, March 27th, 1890.
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Feilding Star, Volume XVI, Issue 229, 28 March 1895, Page 2
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185THE LONGBURN FREEZING COMPANY. Feilding Star, Volume XVI, Issue 229, 28 March 1895, Page 2
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