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COLONIAL MUTUAL SOCIETY.

•cINVESTIGATI.ON OK AFFAIRS. B.v 'IV]»'!:v;il)ll- I'rcs-- i.»n . ( 'op.M'flit Melbourne, Tlujisd:iv. hi thi! House oC Assembly, the Premier, introducing a bill providing for r.n investigation of the aiTairs of I InColonial Mutual Life Society,, t;aii! the charges against (!i; Society wem grouped under throe headings- ■i.thmii irregularity fraudulent practice;, in regard to an election, and dial, (lie Society got into a financial position amounting almost (o insolvency. The proposed procedure was unparalleled, but the position xvan .-lis i unparalleled. The di>vel,ora of the Society, without legal authority, had been administering afi'oiia in whie.h upwards of a hundred thousand p.-oplo wore interested, involving assets of over three millions. The Dill provided for a special in!-.pei>|,i,n;tl investigation and suppression of tin- Hoard of Directors, a l.cinporat y donnl being appointed while the inquiry wan proceeding. Ho moved that (,1m directors bo hoard at the bar of the llorii'n to-day. The debate wan a Ijourntul.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/KCC19120928.2.28

Bibliographic details
Ngā taipitopito pukapuka

King Country Chronicle, Volume VI, Issue 504, 28 September 1912, Page 5

Word count
Tapeke kupu
154

COLONIAL MUTUAL SOCIETY. King Country Chronicle, Volume VI, Issue 504, 28 September 1912, Page 5

COLONIAL MUTUAL SOCIETY. King Country Chronicle, Volume VI, Issue 504, 28 September 1912, Page 5

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