McARTHUR GROUP
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Power of Public Trustee SHORT BILL BEFORE HOUSE
(By Telegraph— 1
WELLINGTON, Last Night. ' Provisions for the winding up of the First Mortgage Frechold- Se'Curity Comany of New Zealand, Limited, are contained in the Companies (Special Liquidation) Extension Bill, which was introduced in the House of Representatives to-day by Governor-General's message. ' ; ■ J - : In explaining the Bill, which is a short measure of two clauses, the Minister of Finance (Hon. W. Nashj, said the legislation of 1934-35 gave power to 'the Public Trustee to act as liquidator in the case of a number of companies inside what was known as the MeArthur group. . However, the Public Trustee was appointed only' as receiver in the case of two companies — Wynwood Investments, Limited, and the company referred to in the present iBll. Wynwood Investments, Limited, had already been wound up in a different way, but the purpose of the iBll was to empower the Public Trustee to act as liquidator for the other company. Ihe Bill was read a first time.
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https://paperspast.natlib.govt.nz/newspapers/HBHETR19371116.2.11
Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 45, 16 November 1937, Page 3
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172McARTHUR GROUP Hawke's Bay Herald-Tribune, Volume 81, Issue 45, 16 November 1937, Page 3
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