HAWKE'S BAY TIMBER COMPANY.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8810, 11 May 1907, Page 3

HAWKE'S BAY TIMBER COMPANY.

Par Press Association Wklungton, May 10. fl-is Honor Justice Cooper was engafjed : sft T hearing the petition of Mrs Jane Sn Mathews, o£ Hampden, Hawke's Z, John Pettit, of Bannevijke, and SLt Albert Barton, of Feildmg, for Sending up of the Hawke's Bay Liber Company, , ~ , 1 grounds of application were that u Company waa unable to pay its Skfo that accommodation had been -.nted various persons without conoration or in excess of what was due • the Company,- that payments in antif Li-ion of dividends had not been repaid raocounted for, that the Company's C'flj were over-valued on the, Company s IK, that there were bad Gs on the books of the Company, that ft?book value of the properties had been Km up by £13,288, and the increase Oas profit. Further petitioners IS that the fompany was unable to r2» on business, and the only persons (So would benefit by the Company conKing to carry on business were Fritz rLJ who was receiving a substantial KiLrai managing director, and other who were receiving -or had tired accommodation from the Coni-

frFritz Jansen, managing director, was Llledand cross-examined. He declared Kat all the financial proceedings had been Lrfectly straightforward, and that the Company's position was absolutely good. f The reading of affidavits had not coneluded when the Court adjourned.