MANY LAW HAS USES AND ABUSES

Sun (Auckland), Volume II, Issue 396, 3 July 1928, Page 1

MANY LAW HAS USES AND ABUSES

*. JULIUS HOGBEN’S VIEWS 10GRESS THROUGH THE YEARS "k to an advantage of company law a small investor can place his ■cney in such a way as to participate •an industry or a big business,” Mr. Hogben told the Karangahape Business Promotion Society to- & an address on the uses and {f 68 ir 0f com P&*iy law. Hogben reviewed closely the pro--88 of companies from their beginand stressed the many abuses of *law. to only vigilance and strict busif 8 Methods which will prevent these 'joes,” he declared. length of existence of some comwas touched on, Mr. Hogben reg that there were two insurcompanies in Auckland which had . ln business well over 200 years. 2*ay law was not recent, as many •pposed, but in actual fact went back '■wtoabethan days. Some of the most 'Jto® companies were formed by ;jcnant adventurers. The East India ..fjpany was notable, and the most nous, the South Sea Company. the gullible public deferring to the “South Sea Bubble,” yi»j? ealler remarked that public males were the worst abuses of ?Pany ] aw . investor in a company can own pockets and industry,” ' ; at a* ** o £ben. “Further, it is a Y advantage to a big business man nnc u Can av °id putting all his eggs ;it v e b *sket.” Continuitq and fie* ■-re * re Matures of companies, and *b£r a SF LSea not existin & in p art_ Ps - Finance was another advanC j nd a company could give charge stock-in-trade and aassets an ordinary business man could