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Wednesday, 18 November 1914


Senator KEATING (Tasmania) . - I move -

That the word final " be inserted before the word " dividend."


Senator Turley - Is not notice usually given of every dividend in that way


Senator KEATING - The declaration of a final dividend is totally different from the declaration of any 'other dividend. Nobody objects to receiving payment of dividends without notice, but to receive payment of a final dividend without notice is another matter. Before a trusteedeclares the final dividend it is only right that he should publish - a notice of his. intention in the Gazette, so that creditors may be afforded an opportunity of saying, '.' This should not be the final dividend. The estate should realize more." To my mind, a distinction should bedrawn between the payment of an ordinary dividend and the payment of a final dividend.







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