AN UNLUCKY COMPANY.
SENSATIONAL .LOSSES
(United Press Association —Copyright.)
Received December 6, 10.15 p.m
LONDON, December (j
Tha Law Guarantee Trust and Accident Society has made . sensational losses in breweries and hotels, particularly in connection with the unsound system of guaranteeing mortgages and debentures.
Mr Harris, chairman, estimates that properties originally worth £4,912,216 arc now worth £1,705,173. Accounts show that the capital has been lost, and that there is a further deficiency of £200,000. Some of the shareholders are paying 40s per share in order to escape unpaid liability. The majority nro barristers and solicitors and their clerks. An influential commit
teo propose voluntary liquidation
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Wanganui Chronicle, Volume L, Issue 12387, 7 December 1909, Page 5
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105AN UNLUCKY COMPANY. Wanganui Chronicle, Volume L, Issue 12387, 7 December 1909, Page 5
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