NO SUCH THING
ABRIDGED PROSPECTUS
WELLINGTON, May 15
.Sir Michael Myers, Chief Justice, in his 'judgment, E. M. Bundle v, J. O. Davies, 11, I), Forbes James and ,\. Pierhard, made some important comments on the issue of so-called abridged prospectuses, Plaintiff (for whom judgment was given) made applications for shares “in terms of the abridged prospectus,” and allotments were made oil those applications. His Honour said : “It may be stated that there is no such thing known under the Companies -Act in New Zealand as an ‘abridged’ prospectus, The only ‘abridgment’ contemplated is that if a prospectus is published as a newspaper advertisement, it is not necessary to specify the contents of the memorandum of association or file signatories thereto, or the number of shares subscribed for by them.” I
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Hokitika Guardian, 16 May 1932, Page 2
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130NO SUCH THING Hokitika Guardian, 16 May 1932, Page 2
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