EXCHANGE SENSATION
Xl'llbSAli, EX-CHAIR.MAN MISSING
(United Press Association—By Electric Telegraph—Copyright). LONDON. Jan. 16. A Stock Exchange ,sensation was created by tlu* (directors of Nersag Limited announcing publicly that tlx* whereabouts of Braudeth, late Chairman and his wife who was a director, could not 'lie traced and they had not fulfilled promises to supply information to a meeting on January lltli. The new Chairman. iSir J. 11. Biles, ship designer, concerned in Connolly's Australian fast ship project, announced that it mast lie concluded that Brandcth's accounts were unreliable; therefore it was not proposed to pay a final dividend or distribute a bonus on the shares. Braudeth has had a remarkable career. He lagan making supports for a mattress on the smallest scale in a tiny home at Ilford. The business stall' and premises grew and grew, and a hiimltvd thousand sterling company was formed in 1927, the pound shares of which reached LG.
The Nersag Overseas Company was formed last year with a capital of a |imiTcr of a million. Its shares advanced rapidly, hut consequent on today's -announcement, dropped from 13s fid to Ms.
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Hokitika Guardian, 18 January 1929, Page 5
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184EXCHANGE SENSATION Hokitika Guardian, 18 January 1929, Page 5
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