An Appeal Case.
Wellington, April 16. Judgment was delivered this morning m the Supreme Court by Judge Richmond m the case of Wiiberfoss and Levy agaiust the Gold Mmmg r Com* pany. This was an appeal for a case stated before the Resident Magistrate at "Wellington, the question being whether forfeiture of shares umler section 54 of Mining Companys Act,1872, is absolute on non-payment of a call vrltlnn 21 days affcw its due date and default of the Company m taking effectual proceedings for its recovery • Avithin' the period limited by the Act. His Honor decided that though the Company loses its right of action for .a •particular call by not wieing within the time limited,yet it is optional with the Company whether the shares . ar& thereby forfeited, and that the Company can therefore recover subsequent calls. The appeal was dismissed.
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Bibliographic details
Manawatu Standard, Volume IV, Issue 121, 17 April 1884, Page 2
Word Count
141An Appeal Case. Manawatu Standard, Volume IV, Issue 121, 17 April 1884, Page 2
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