A COMPROMISE.
(Received December 6, 11.30 a.m.)
Melbourne, December 6. The liquidators of the Freehold Investment and Banking Company have applied to Court for permission to accept a compromise in the action brought against Hon. James Balfour, an ex-creditor, to recover amounts of dividends and bonuses alleged to have been wrongfully paid. Balfour, while denying liability, offered to pay the sum of £5000 in settlement of the claim. Members of the Committee of Advice opposed the application, and complained that the directors had advanced the firm of Balfour, Elliott and Co. —a firm in which were the principal shareholders of the Bank— ■£59,0000n property which the Company had purchased for £2500, enabling them to receive a profit of £5000 each, and further, that no part of th© capital or Interest had been repaid,
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/AG18931206.2.15.2.9
Bibliographic details
Ngā taipitopito pukapuka
Ashburton Guardian, Volume XIV, Issue 3148, 6 December 1893, Page 3
Word count
Tapeke kupu
133A COMPROMISE. Ashburton Guardian, Volume XIV, Issue 3148, 6 December 1893, Page 3
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in