N.Z, LOAN & MERCANTILE.

Wairarapa Daily Times, Volume XV, Issue 4695, 14 April 1894, Page 2

N.Z, LOAN & MERCANTILE.

fitr(kr Mime (]3y Telegraph,-Fress Association,) t-ONpoN, April 12, The examination of the directors was resumed to-day, Sir Edward Stafford said that at the meetings of the Board of Directors the most exciting discussions had taken place regarding the reports furnished by Mr Falconer Larkworthy and Mr David Elder, llojßir Edward) admitted that one:£hird tHhd siim divided in 1892 Was composed of unearned interest wbich had been placed to the credit of the profit account. He also admitted that he had failed in his duty as director in not enquiring into certain items' ih tjj'e' halairce-slieot,

1 " Historical Romances," laterSir Edward Stafford, in his evidence, said he regarded Mr Lark worthy'a reports as historical romances, His Honour said it was diffloutt to believe Sir E. Stafford had forgotten the Company's manipulations of its acooiiqtc;. lit MjJMQURijE, April 13, Mr David manager ; of the N.Z.L. and M.A, Coy., in Australia, writes to'the press reminding his friends that the Court' : at pr'eepijt sitting jnjjondoh is not vet lb 'pgasegajpij.' of 'tijl f,|ie facts of f|i6 ment in all matters where l his tiamo is mentioned, until the examination iB conoliiaed. He sayi that, if tlece«sary, hp crfullvexplsin ''matters