SHAREHOLDERS, AWAKE !
[To 'the Editor of the SPECTATOR.] ". SIR,—I was much interested in the article by " A Student of Economics " in a recent issue. I was recently present at a shareholders' meeting where the chairman treated those present to a few grains of truth and a good deal-of dust, and the " circumnavigritsory answers" to the questions asked were certainly clever, but by no !newts enlightening.
It seems to me that the balance sheet should more clearly and fully represent the true position of the company and that there should be a sterner investigation by an auditor entirely independent. Perhaps appointed by Government ? The new Act is certainly a move in the right direction, but is insufficient, and the laissez-faire attitude of the shareholders is responsible for a good deal. Y. L. Y.
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