ALTERATION OF MINUTES.

Te Aroha News, Volume VIII, Issue 490, 19 July 1890, Page 2

ALTERATION OF MINUTES.

The JVlaster of the Rolls came down rather heavily on the secretary of a compauy who had iusertod certain alterations in the minutes of the Board of Directors. What he had done was to insert in the resolution dates, making them the date* at which certain calls were to bo paid. “ Something happened with regard to that resolution,” said the learned Master of the Rolls, “whi el i I cannot help thinking was most dangerously irregular; for the secretary, either in consequence of some supposed power vested in him, or of some idea of his own, some time afterwards inserted in the minutes of the 18th certa’n dates as the dates of the calls. In my opinion, that was the most dangerous thing that could well be done. Minutes of Board meetings are kept in order that the shareholders of the company may know exactly what their directors have been doing, why it was done, and when it was done : and any shareholder, looking at these minutes as they now stand, would suppose tlte date 3 were agreed upon at the meeting, and were then filled in, whereas, in truth, no dates were agreed on by the directors afc all. The dates formed no part of tlte resolution, and yet here is the entry made as if they formed part of gfthe resolution then passed. I trust I shall never again see or hear of the secretary of a company, whether under superior directions or otherwise, altering minutes of meetings,, either by striking out anything or adding anything.”—Mercantile and Bankruptcy Gazette.