Rangitikei Fibre Company.

Manawatu Herald, Volume III, Issue III, 13 May 1890, Page 2

Rangitikei Fibre Company.

i • MEETING OF CREDITOES. A. meeting of creditors in the estate ot the Rangitikei Fibre Company v. Limited) was held at the ffiees of Messrs .Trayer3 and Izard ou Thursday afternoon. After much discussion. Mr Richards moved, and Mr Nathan seconded -That the creditors of th« Rangitikei Fibre Company, Limited, do hereby nominate and recommeud to his Honor the Judge Mr T. K. Macdonaid, of" Wellington, as liquidator that the liquidator be diree'ed to employ Mr Jellicoe, solicitor. Wel'ingtou, to publicly examine Dr New man, and such other directors as [ the liquidator may think necessary, i for the purpose of investigating the deal ; ngs and affairs of tht Company ; that proceedings be taken to compel I r Newman aud Messrs Harcourt and Z'-hrab to restore to the Com |>ariy moneys that they have pos i se.ssod themselves of belonging to the Company, and to pay for their s'.ai'tts, and to take such other proceedings as m.iy be defined nece.se ary to mt aside the mortage ex* i ecuted to the i\ew Zealand Loan and Mercantile Agency Company, and to make tho directors respon j sibl» j for wrongfully partiug with the Company's property by the said security, and for issuing va ueless ch'-ques and for reckless trading. This was cairi'd, Mr Richmond protesting. In thu noui'se of his r- ma ks Mr J' llicof s id undovibtedly the transaction with the Agency Company was btst explained by a letter written by Mr Smith, of that com pany, on the 19th March, 1890. The lwttev ran as follows : — '• New Zealand Loan and Mer C'liitile >. yency Company, Welling* ton. VTarch 10th, 1800. J. King, Esq Dear Mr King, — I have completed wilting Mi- odd at length r« the K. F. Co. Mr Zohraf and rayie f

are coming up on Fridajr next i* th? R. F. Oo's interest, meantime I • . would ask you, in the interests of Mi' Todd, to se»d down, consigned to the N.U and M. Co.. Ltd., as much baled fibre as availab c, and push the bali.-g along as much as possi le. The object in my thus wiiting is to let this Company get possession before you receive in* strucions to consign elsewhere. I would have wired you this effect, but thought it better to write on account ot secrecy. Yours in haste, E H. Smith/ P. S. — Pleas aot proxaptly.r—

Exchange.