CAP. 32]
[s. 135 cont.]
Power of company to appoint inspectors.
19 & 20 Geo. 5. c. 23, s. 137.
Report of inspectors to be evidence. 19 & 20 Geo. 5, c. 23, s. 138.
Companies.
(a) where as a result of the investigation a prosecution is instituted by the Attorney General, the expenses shall be defrayed by the revenues of the Colony; (b) in any other case the expenses shall be defrayed by the company unless the court thinks proper to direct, as the court is hereby authorized to do, that they shall either be paid by the applicants or in part by the company and in part by the applicants:
Provided that-
(a) if the company fails to pay the whole or any part of the sum which it is liable to pay under this subsection, the applicants shall make good the deficiency up to the amount by which the security given by them under the last preceding section exceeds the amount, if any, which they have under this subsection been directed by the court to pay; and
(b) any balance of the expenses not defrayed either by the company or the applicants shall be defrayed by the revenues of the Colony.
136. (1) A company may by special resolution appoint inspectors to investigate its affairs.
(2) Inspectors so appointed shall have the same powers and duties as inspectors appointed by the court, except that, instead of reporting to the court, they shall report in such manner and to such persons as the company in general meeting may direct.
(3) If any officer or agent of the company refuses to produce to the inspectors any book or document which it is his duty under this section so to produce, or refuses to answer any question which is put to him by the inspectors with respect to the affairs of the company, he shall be liable to be proceeded against in the same manner as if the inspectors had been inspectors appointed by the court.
137. A copy of the report of any inspectors appointed under this Ordinance, authenticated by the seal of the company whose affairs they have investigated, shall be admissible in any legal proceeding as evidence of the opinion of the inspectors in relation to any matter contained in the report.
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