Re the Wanganui Chronicle Company Ltd - [1936] NZLR s. 18

Company — Reduction of Share Capital — Petition to Court to confirm Special Resolution reducing Share Capital — Purpose of Reduction to redeem at par Preference Shares at a Premium — Discretion of Court to protect Minority and prevent injustice to Class of Shareholder — Dismissal of Petition — Companies Act, 1933 , s 68 .