DAMAGES CLAIMED
FROM A DOMINION OIL COY ACTION BY SHAREHOLDERS. (Per Press A Copyright.) AUCKLAND, May 29. ' The hearing of a claim- for damages •arising out of the affairs of the Speedwell Oil Coy (N.Z.j Limited, was resumed in the /Supreme Court. The claim is for £4,633, and is made on behalf of George Ernest Smerdon, jeweller, <of Auckland, and 48 oth’dr shareholders in the company residing in various parts of the Dominion, against Harry Clinton • McElwain, company manager, of Auckland;-Mur-doch ! McKenzie Millikin, 4engineer'. of Auckland, 'each • former di»•rectors pf the | company., The hearing; which-is.^kpehted,-to fast: a. week, ~fdsj icompiknce'd ihiiDeceinber ■ lasi, ; bwing |to ifk : prqtrhc'tedlaiature it' \vas /at;: jthq IjGhVistmaiu .vacation. ‘ if 'H j {lll The plaintiffs sensations in'(the prospecnl|r; Speedwell Oil* Company (N.Z.V'timit’edV'isslted' by [the defendants', were un-; true; that tl|ey ,UrereiMiade with ‘the ;£nteittiaft i( »of Receiving the public; and* that the company did not obtain the full minimum subscription of £6OOO within ninety, prospectus. Individual claims range from £ll'to£22l. i -—' ' •'* defeiicjej is a . ftU;;ofritUo. nliegntiQ^^ftef' ocp??|deV able evidence, '} the cimomA | i • \ , r-/ H 3 I 1 W&SfSSS .. :
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Hokitika Guardian, 30 May 1933, Page 5
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181DAMAGES CLAIMED Hokitika Guardian, 30 May 1933, Page 5
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