N.Z. LOAN & MERCANTILE.
{Examination of the Directors. Startling Statements* London, April 3. On the Queen's Bench. JjMsioiT Justice Sir ,Rolana has begun the examinatioVof the direc- - tors of the New Zealand Loan and Mercantile Agency CoiUaoy, Mr Falconer Larkworthy, formerly managing director, when in the box I admitted that oounsel-'opinion in 1879 was that the statements in the pro-'.; speotus re seourity wire not justified, •; and he himself was.alwayß of opinion. . that deberdtures/wereino •ohaieeon ■ assets.;: : The Boardp fcjNgj|| had < eanqjioued the >j - Eusflell against; ■)■.
Mr Bvtseell pledged ecourities of the value of, £56,000. The .London Board bad not investigated the advaniie, but had relied on tlio colonial directors, who, he said wera person'ally interested.
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Wairarapa Daily Times, Volume XV, Issue 4687, 5 April 1894, Page 2
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114N.Z. LOAN & MERCANTILE. Wairarapa Daily Times, Volume XV, Issue 4687, 5 April 1894, Page 2
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