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Thursday, 25 October 1973
Page: 2775


Mr STALEY (Chisholm) - I would like to defend the character of my friend the honourable member for Warringah (Mr MacKellar) from the accusations made by the honourable member for Hunter (Mr James), who sits opposite. He has a character of such unblemished richness that the honourable member opposite would never, in his whole life.


Mr SPEAKER - Order! Is leave granted for that document to be incorporated? There being no objection, leave is granted. (The document read as follows) -

Registrar General's Office, P.O. Box 3281, Port Moresby, 1 May 1973

Stanley Louis Mowbray Eskell Esq.,

P.O. Box 127, Brickfield Hill, Sydney, N.S.W., Australia

Sir,

SANGARA (HOLDINGS) LTD and related companies

A searching examination of all documents filed relating to this group reveals an everworsening history of consistent and considerable non-compliance and breach.

I assess that since the respective dates of incorporation these provisions of the Companies Ordinance have been disregarded.

Section 9. An officer not to act as auditor.

34.   Copies of memorandum and articles to be available to members.

36.   Prohibtion against carrying on business with fewer than statutory minimum membership.

99.   Default in dealing with share transfers. 114. Maintenance of directorship strength. 124. Duty and liability of officers. 132. Secretarial action. 136. Annual General Meetings to be held within prescribed time. 138. Calling meetings by adequate notice. 148. Prescribed entry of minutes of meetings. 158. Lodgement of annual returns. 161. Accounts to be kept. 162. Profit and loss account and balance sheet. 163. Failure by a director to ensure accounts available. 165. Appointment of auditors. 167. Powers and duties of auditors as to reports on accounts. 195. Lodging of accounts of receivers and managers. 230. Lodgement of copy winding up order by petitioner. 376. Dividends payable from profits only. 374A-G. Offences by companies officers.

I now consider initiation of proceedings in relation to recent defaults.

Further occurrence or recurrence not rectified shall cause exercise of the most stringent measures available.

Yours faithfully

R.   A. BUTLER

Deputy Registrar of Companies

Copies for information to:

Current directors - Robin Adair Barnes, Douglas Street, Port Moresby; Bryan Kent, Devan Apartments, Boroko; Kenneth Crosby James, Box 34, Goroka; Annelies Else Pfeng, Geregere Ave, Boroko.

Past Directors - Mervyn Wallace Fishwick, 4 Santa Monica Road, Miami Beach, Queensland

Receiver Manager - Raymond Lord, P.O. Box 127, Brickfield Hill, Sydney

Official Liquidator- James Hardie Jamison, C/Coopers and Lybrand, A.N.G. House, Port Moresby.

Moresby; Hotel Management Pty Ltd, P.O. Box 5455, Boroko

Aggrieved Shareholders- Douglas R. Wylie, 62 Margaret Street, Sydney, N.S.W.; Keith H. Taubman, P.O. Box 20, Torrey Hill, 2084, N.S.W.; Jack L. Bloomfield, 18 Caley Crescent, Narrabundah, A.C.T. 2604; Joan Taubman and Christina T. Anderson, 27 Wentworth Street, Point Piper 2037, N.S.W.; Mrs Mavis Olive Dickson, 10 Grayland Close Collaroy Beach, N.S.W

Registrar of Companies - P.O.Box 370, Canberra A.C.T







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