NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY.

Wairarapa Daily Times, Volume XV, Issue 4751, 19 June 1894, Page 3

NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY.

Ah will be seen by advertisement Jn anotliev column, the Loan and Mercantile Agency Company, has, after a battle with its financial dim'cultiesjsucceeded in li reconstruction scheme The old institution has once more entered the field, In the fact that, after what was feared by a great many people to be nothing short of absolute ruin, the Company has once more taken its place in the , business world,' there is much, very much, for admiration and congratulation. In the new articles of association the following clause is inserted, and to'ij> wo attention':'— '' . ' l '' • ■ : To sell or otherwise deal with on commission any live or dead stock, wool or other pastoral farm or agri- '. cultural produce, orany mei'chapiso of other p| bperticß of any description tipbn any terms as V remuneration, orfotjierwue that may seem expedi ; ent/anobiiicularly upon terms %\\ whereby the property in question, ; fnd tHo -not proceeds or balance )■*:■.... of net proceedsof any sale thereof ',';, ■ prober dealing'{herewith, or any fs. ' P ro Pf rt y representing tho same, 'ire 's';■■■'■'■'■■ iobeWdbytheObnipany'as trflsJ:"/; tees "for ite' BpeciaV abebuht, on I :x;': - ; the special behalf of.the" principals'. pi^Y- ; :■'ppd'firo'not; except tole"ptep;|i : ;oi |||g: ■: y.tMty'if tfytifyfyl&iiyl

subject ib^ahy■ obligations', 'dbbfa, W other liabilitieaiOf the-Compauy. \ A short coneiderationof this clause must show us significantly on what linos the now business is to be carried on, The business of. the company is exceedingly valuablo to all, and," given favourable circumstance, must raise tlie institution once more to the position which, it is admitted by all, it occupied before its suspension, totho position of one of the most influential business concerns in our midst, Much lias been said of tho duty, incumbent on persons who are in fiduoiary positions, of keeping trust accounts, This clause provides adequately for the discharge of that duty. The company has our good wishes for its future prosperity.