FlightGlobal.com
Home
Premium
Archive
Video
Images
Forum
Atlas
Blogs
Jobs
Shop
RSS
Email Newsletters
You are in:
Home
Aviation History
1916
1916 - 0088.PDF
it had been well pointed out by Mr. Russell that the miscon duct of a company's directors in itself did not give any shareholder the right to succeed in a winding-up petition, because the remedy lay in the hand* of the shareholders, who could, by combination, get rid of a dishonest agent just in the same way as an individual carrying on business could get rid of a dis honest agent. The idea that because a manager or a director was dishonest one roust immediately wind up the company and throw away all prospects of doing business was absurd. It appeared to him that there was a complete answer to the suggestion that the company ought to lie left to adopt its own means for dealing with a dishonest person, because part °f tne contrivance by which they had been met had been to put it out of their power to do the very thing the power of doing which was the ground relied upon in dealing with dishonest directors. With regard to the con duct of the Board—and he meant, in fact, the conduct of Mr. Lawson, because he was the moving spirit throughout— he laid he did not think some of the directors ever did any thing which they believed to be contrary to good faith. He thought the funds of the company had been misapplied on several occasions, and that the company had the right to say, "Our directors liavr misapplied our funds, and the company is so con- siructed that the usual remedy in the hands of the shareholders has been taken from us becau-e we have been deprived of our right to vote, and it has been put into the hands of the very man against whom we make our complaint." The result of the evidence directed to the second point was in itself sufficient to enable him to make it right that he should grant a winding-up order, which was what he proposed to do. He thought it would not be right to embark upon the tedious process of holding a meeting to ascertain the views of tVie shareholders. He could not leave the case without referring to the circular of January 51b, 1916, to ihe shareholders, which he thought was most dishonest. There was no suggestion there that what had happened was that [he agreement with M. Bleriot had not been carried out and that it m the subject of litigation, and that this would be liiigation of a very doubtful character. The shareholders were invited to realise that there was nothing in the Bleriot type now, and that other and much better types had come into the market. It was suggested that they should turn their backs on the lileriot type and adopt other and better types. But when they knew the real facts of the case, it appeared that that circular was most dis honest. In his opinion the management of the company had got into dishonest hands, and he made the usual order for winding-up, and gave the petitioner the costs. Mr. Grant asked that the company should not have costs. His Lordship assented. ® ® (?) Fatal Accident in Yorkshire. WHILK flying at an aerodrome in Yorkshire, on the 17th inst., Lieut. Alastair Ross, R.F.C., met with a fatal accident. The weather was line and calm, and when the machine had risen to a Mod height, it suddenly crashed to the ground and burst into flames. Another Fatality, AN inquest was opened by the North-East Kent Coroner on January 19th on the body of Lieut. H. H. McFarlane Northcott, K.K.V.R., Wl» died from the effec's of an accident while flying with Flight Sub-Lieut. L. A. T. Pritchard, the machine apparently having side-slipped and fallen from a height of between 30 and 40 feet. The uupiest was adjourned for the attendance of the pilot. A Direct-Lift Aeroplane. MANY of our readers will doubtless remember the experiments with M orniihopter, or flapping-wing, machine, which were made by M. Passat in IQIO, and they will be interested to hear that, not having obtained the results anticipated, chiefly owing to mechanical difficulties in obtaining the wing movements, he has been working for some time on entirely different lines. With his latest machine, which may be described as being of the orthopter type—having revolving wings—he has obtained results which are distinctly encouraging. It is of course impossible to give full details of the invention, but it may be said that, instead of air-screws and planes as usually fitted, M. Passat employs a series of revolving wings, arranged in pairs and moving in opposite directions, so that the blades descend on the outward half of their path. By means of an ingenious cam arrangement each blade on its down stroke presents its full surface to the air, thus producing a lifting effect, while on the upstroke it is turned edgeways, i.e., "feathers," so that it offers a minimum resistance during its upward pas-age through the air. With the object of demonstrating his theories, M. Passat has built a model, which he will gladly interested if they will communicate with Wimbledon. show to anyone who is lim at 106, Durham Road, The THE MILE END "POLL." Hawk: " I might be useful at the top of it." duced by courtesy of the Evening News.) (Repro- The Air Election. AFTER a strenuous fight on both sides, the result of the Mile End election placed Mr. Pemberton-Billing second to Mr. Warwick Brookes by 376 votes, the figures annaunced on Tuesday night being : Mr. Warwick Brookes, 1991 ; Mr. Pemberton Billing, 1615. The air candidate scored well for a first attempt in securing an enormous amount of popularity during the contest. Like a sports man he took his defeat gracefully, saying, after the declaration of the poll, " I have lost the first round, but neither this war, nor my fight, is over." An Aeroplane Factory Opening. WE have particulars of a very suitable building in the Midlands (near Birmingham and Coventry) ripe for aeroplane construction, with room for extensions; river adjoining. Anyone interested we shall be pleased to place in communication with owners direct. Address "Factory," c/o. Editor, "FLIGHT," 44, St. Martin's Lane, London, W.C. ® ® € PUBLICATION Aeroplanes and Airships. By W. E. Dommett. London • Whittaker and Co. Price i.r. net. 5 <& RECEIVED. W. . . ® ® ® $ Aeronautical Patents Published. Applied for in 1»1.». Published January ijtk, 1916. 9,354. E. LAZARTE. Antiaircraft guns and mountings therefor. FLIGHT. 44. ST. MARTIN'S LANE, LONDON, W.C. Telegraphic address: Truditur, London. Telephone: 1828Gerrard. SUBSCRIPTION RATES. " FLIGHT " will be forwarded, post free, at the following ra'es .— UNITED KINGDOM. ABROAD. s. d. \ s j 3 Months, Post Free... 1 8 3 Months, Post Free 2 o ,£ " " •• n1 6 " » ••• 5 e W- " - - 6 6 M .. „ ... U 0 Cheques and Post Office Orders should be made payable to the Proprietors of" FLIGHT," 44, St. Martin's Lane, W.C.,and crossed London County and Westminster Bank, otherwise no resfionsibilitv will be accepted. " 88
Sign up to
Flight Digital Magazine
Flight Print Magazine
Airline Business Magazine
E-newsletters
RSS
Events
