Putaruru Pine and Pulp Company (NZ) Limited v MacCulloch - [1934] NZLR 639

Company — Remuneration of Directors — Article authorizing Payment to Directors as Remuneration of such Sums as Company might fix at General Meeting — Illusory Promise — Effect of Vote of Remuneration to Directors for Past Services — Whether Inference of implied Contract — Whether such Vote valid where Company has made no Profit.