Level | Item |
Reference Number (click to see whole series/group) | C40/505 |
Extent | 1 file |
Title | INDUSTRY AND FINANCE (OTHER THAN BANKS): BANK LINE LIMITED - SINKING FUND |
Date | 1 Aug 1929 - 8 Oct 1930 |
Description | Failure of Trustees to apply year's instalment of Sinking Fund in purchase of stock; Freshfields and legal advisers of Trade Facilities Act Committee concur that this is in breach of the Trust Deed. Trustees formally agree that drawings should only take place if purchases in market cannot be effected at a price at or under par; matter allowed to drop. |
Original Reference | CCP218 |