A
FOrPIFI 7 OCTOBE~ R 198.'
At my mc Iia. COII ferc-nIcc-to, wa s a sJ-: d if T vwould rta.' ease
the report s r~ o'ddto : me the M in ister fo( r 4in-nCe
M. 1r D a k ils oni C oo ol P t IL. td ( n 11ic.-i da t io r.
The, % linister sai d to me in his letter, ( copy attachcd-P
" Should vo-u, ever consider it a,, Dtroo,-riate or
ncC2sar'.:, I have no objectionr to the report
being; tabledf or pub_-lishecP.
Fol low inq niv mod l. a conrfe ronce Daw,-ns volunteerec to me
that th is off-er stood w-ithout cual ification. Accordi ncalv
aZ i nowl re01-casing the re-ports.
As w. ill be 2--; ecn, tiere is~ nothinjg i: those reports which \ l
cause any concern to irte or to the Mn iE: t c-
The on ly other thing that neecfs to be said 4-0t r ceea1t th1a t
t he Opp-. osi. tinn and the 1'. enber for O'Connor have behaved: in
a co-wardly fashion. If" he had anl ounce Of conv1, iCt ion,
the Memb. er f-or O'Connor ,. ould noprovice cetar.-Js of is comr~ ndi:
as ho has been colne rez 2eatedl\"' ao-d.
I. cr rouch Ross~ b C0, CnartajoA on Cuormo! ity. tc. ( In Liqui
2. Report by McLarcn St~ e.: arL, Ch___ tcerc Accountants, Pnr-;
on Coome~ nl Pt, 1 ( n yidtin
No te: At paragraph 12 of the iouch t Rcsls rep'oro rt erancci
is made rt c the reaisation~ o of thle Company's a'~; ssets. c
Purther details of the major2 t ransactiCn wre.
by the Liauicator on 6 October. This is Locumn-2.
Nate: 2 At tho f of p 1 of the 1' oucho Thos s wpo:: zh
reference to Forrestfic. 1d should be T'ireCstdal. c.
MINISTER FOR FINAr2CC
The Hon : R J r. Iiat'ke AC, AP
Prime : Minist: 2,-
Dear Primie M'inister
I enclose my reto o ptcuniLary in teres st
I have had preopared anid attach a
Touche kass and c. eut. nl incg . pit'
and benefi ts de ied ff'orn omCuoml
( in Licuidation) Fty. Ltd.~ i
I have done this because it L has come to my
notic: c tInt: cnqui: ncs arc being made abo0ut
transactions of Coonrl Pt. y Ltd. by pcrrscns
who may be politicaliv mo ivated.
Should ycu ever consxeei it aorcpriate tM
nc. c: ssor'v I ave no obi cc ion to ucC reoi
n t-; ilen or-~ ;, l. ishgdL
Yours 3 3 1) 0
CABINET 1N OoDIxIPDL111176 uiwRos & Co
Cliaac~ d AcccucinlrN
GP/ M[ 26th Jul. y 1.933
MsS r. s c 1. acT r e r.. z
Cha rI redl Accoz1, t,, nt s
39 Richa rd son t rvvi-At Lent ion Mr. K. on
WiEST PERTHi 600
Dear Sirs, COOMEL P'TY. LTD. 4N iAQ0'= [ O)
We acnoncwledge your reqluest for us Lo prerark~ a b'rief repcrL
in relation to moe hiS ory of Mr. John Sydavy Dawklins' interc Er in the
abovenamrod company rcm incorpra:. ion to the pru sent t iic wherein the
compaany is in the final stage of liquidation.
We hav'e uxani ned the records o f the company mde ibC L. O
us; and ext rac ted for our report detailIs as ditsclosedi on th ions
files nmintnined by; your off ice, howevur, have noc carried Uj.. in
kw. ay an audit of suen ecods
We rerpor1: as follows
1. Coooel Pty. Ltd was incorporated on 4th June 1964 with an Authur i sd
Capaul of F fi~ chiousand pounds, divideA into, 50.000 shares; of one
pound each.
2. One Subscribers shaire wa; s issued to each of Mr. Dawkins' pa~ rents.
3. Directors cf the comainy on incorpcrOtIou w. ere Mr. Dawkins' parernts,
Mr. Alec Lents Daw.. kins and Mrs. Muriel Da'. bliis.
4. The Socrotary t he compaany on irlcurpcraLi(' n wa5 Mr. KY.. . ornn
The objects of the ceopa'; on incoi jorin t1 included, inter atin
To carry an the business of pastrr: liL " ssr aZierS fa. rmrs.
sharef.. rmers p lanters arnd agri culturalIists of every ki nd.
( bS) To acquIire hold deal Q or dispose of shares stocks r ghts
new issues debjentu res debenture stock bonds oh Iigationt arc
sectiricivEs issued or gne: anterd by any c mp; ny and dC. et~ rc,
deb. ;; ure stock bond aobligatio'ns andi necurities issued or
guaranteed by any government nmi st .) lons publtic body or
allchoricy' supreme mutnici pal loca I or chri o
TO : ic1jui r0 by nUrCha~ e leaSe e~ chng or WOnr'~ i~ e land Sn:! ng
and he : edi ram: ens of anyv Lnul or deSCript ion and any estWCt
or inr eSt there in and any rights aver or conneCL~ d WithL . aL
such
6. The~ compaxny purchns~ d f reehiold property f. rorm Alec nnd hur i i ns
in JUne 1964 loCated at Armadale Forros: ici. YosE Prnh, anni
vs, FLOO R AM?~ uM : O 0r GORG~ cE! SAnWAR
: 43 ST GEaOGS TPACE FIRTH . tsRtRs AUSTNAL. A L020 ' r-PHAK 321 0922
CPO ! OtX 19Q P1. Tm : N AuURAMIA 6,. J a CiL1E 0MUCHERUST c IEZ / A 0325?
-2-
Since incorporation, the company has been in receipt of rent, dends,
farming income and capiti: al profits on the sale of real estate.
7. At the first rcetLing of Di. rectors of the company held on 26th June 1960
it was resolved to issue 10 Class ordinary and 1,000 Class
ordinary shares amongst the members of the Dawkins family. Mr. J. S.
Dawkins received 200 Class ordinnarv shares as a result of this issue.
On 1st July 1973, Mr. and Mrs. A. L. Dawkins transferred their Class
ordinary shares to thei:: sons and as a result Mr. J. S. Dawkins received
2 of these shares.
8. Due to the ill-health of the Chairman, Mr. A. L. Dawkins, a Director'
meeting was called on 26:. h August 1.973 to consider the appointment of
other family members as Directors. Mr. J. S. Daw.: kins was apooin:. ed as
a Director at that meecing, along with t.' o of his brothers. The re:. m aining
two brothers were appointed to tLh Board on 6th November 1973, and on
7th August 1975 . Mr. A. L. Dawkins died and Mrs M. Dawkins rticired on 9th
December 1975.
9. Appointment of Liquidator:
The company was placed in Members' Voluncary Liquidation on 2nd April
1978 with the appointment of Mr. Raymond Colin Gardiner of Messr: s.
McLaren Stewart as Liquidator.
Mr. Robert Weir Dunn was subsequently appointed Liquidator in his stead
upon the retirement of Mr. R. C. Gardiner on 23rd April 1981.
Purpose of the Liquidation:
The decision to wind the company up voluntarily follow. ed recc mmendations
made by Messrs. Peat Marwick Mitchell Co. on 28th November 1975, which
stated that in order to meet the varied individual requirements of the
family members the continued existence of the co: mpN; ny in prcsent fcrm
should be terminated.
The recommendations further stated that the company be liquidated and,
with the complementary distribution of assets, would provide all Lhe
family mc:. bers with a degree of independence and autonomy and per: mit
them to use the land at Lheir discretion.
The special resolution of members passed on 2nd April 1.978 stated
" That the Liquidator of the company be and is hereby authorised to
distribute in specie to the sharehdlders of the company such assets
of the company as may be conveniently so discributed."
11. The Declaration of Solvency signed by Directors of the company on 28th
February 1978 disclosed the following
Assets: Balance ac Bank 63,221
Deposits on call
Trade Debtors 1,000
Loans and advances 4,377
Stock in Trade 7,350
Freehold property at Armadale and Forrestdale 1,500, COC
Plant and Machincry 3,00C
F.. rniture, fittings, utensils, etc. carried forward 1,609,--5
lo 1 IV ( r kU.
brouighu forward 16,69,-08
L iabilities:
Trade accounts 2.500
Accrued expcnses 2,000 4, 500
0: 0maed su rp; lus ftter ajyiI ng dCbL in fll c$. 666,948
12. At that date the: e were ace ulaund losses for tax puropcss aof 0,978.
Folwn hi apjpaiintmunt the Liquidator arranged? for c ealia
of the cnmpany's a: s, c: x ludig igLie Forretalc iand. in accumcnrce
withthe wisbs nf shrchocers nd pursuant to a Deed f Ar'range:-
bet'qecn tho Liqutid. or and che cetribuccri. cs dated 25rh October 1 97F,
a pcciC c s& ribucior; was made oi the Forrestdale lani. This disc.-
ution couid not be made in' equal por tions niiwiads azcoripaxnic d by a
cash distribMLiari to balnnce the cn itcrhetts.
As a result of the above the di st ribuzion received by Mr. Dawkins
was as follow! s
Forrestdle~ land All of Wo 144 ini C/ T Vol. 2,68
Fol. 77 a: deem-ed value 152,000.0:)
Ca. sh distr i but ion 66,000.3
120,. 000. 00
Further cash distribut Ions have been made followi ng the Puog ress; ive
rcalisation K asseets : nd Mr. J. S. Dawkins has received $ 102,1J59.71
as his shmare of these.
13. ' ihe asse: c rermaIning at the present ti: ne are
Town Councr\' 3Hilding SciHLv
Savinegs Passbook aecoun L nu:-. bcr 507 72.3--0 $ 4,095.
( plus ac: crued interest fr: m In t N ovembr 1982)
b) National Australia Ban!,
Balance of trading' account : nu: br 1 428S9 635.51
Proceeds if successful fro: w da; iages claim as
decribed under ten 14 below.
14. The remainiing, it e de) ning the w; inuding Up Of the Caspany ASai
unrnsolvcd CdiMr agairnt tLK He~ ropoliw[ a k ater Supply Sew-~ rag'e , nd
Drai: age Board tO-CepCflS. aLj. on fo r damagc: suticre to thu Arnadule
property by VirLtie Cf the resUrplr. ion or use: of part of the pro; pprr
fOr the ontraltee to che i'unrong Tunnel . ind interferene WiQ La hc US,!
and onjoyment cf cha property Tho Liqu Lit or is currcrt ursiain.'
tho claim and c: xpe-cts; finafsr. Lion of this Mauttor by 31st Rocc: n: c:-
83whc will Han ennb. c the Lquidation to be finat ef.
Returns re q2u ir teandr the I ncome T'ax AssessaenL Act and the -c St O"
Aus tra 1lia ComnanniL s Act 1 961 haive been 1. oqg8ed by the Lica i t=
I A 111 1L11' 1
I tI ( C 11 t; I U 1 ~ U
Therc are no owsu; anding in! lcomlc' tax m5Soss. o1nrS;, rccqucst, fand
all appiicnblo S: t tescamp dulc:; hav: e been paid. The Aus~ rnl
Taxa irt on Ofrfice issud. a c learanulce to cQ Liquidator co pr: cccc to
final discribuic n an 13Mr SPtcrben'r 1978.
Should you rcquire any further parCiculars or explanation Afl
relation to the2 abovwontionedzi do nct hcsitace to contazt this offinc.
Yours faithfully,
L'ocitmc'. r 2
39 1'. C[ APSDS') N ST., ' EST F-ETM-, NVE; RN: PA'U SYRALIA
BO. C F-192, PEPRTH, 600fl
ThLYTr-II0% NE ( cY-321 5701
6 October 1983 TEEGRAY) 4S " KETD1JR" PERTH
PXPORT TO H3O". D. YIWKINS
Dea; x Sir
COOMEL PTY. LTD. ( IN LIQUIDATTON)
As rcquested by you I advise the following det~ ail,,, e~ iv to
the liquidation oñ the-abovenamc-ed comp~ any.
1. The co;-mpany wa5 placed i IM nrtnob cr3' VoluntaryLiud
ation on 2 1A-r-1 1978.
2. T he i au at I r R G -, rzdi ne r r et4.: ir ed C, i i2 p
1981 and T was appointed Liquidator on that date.
3. On 29 May 1970D the Liqaidator sold PortCion of Canningc
Lo-t-633. unider a conditional Contract of" Scale-for $ 680,000.
Byan emenctirv acjreernont datedr~ MD' 79 the sale Tpri.
' oa reducced to $ 550,000 and the contracC ' signeci uncconditional.
' fhc bal~ ance cue under the contract of ), 0
was securc: d by Ist Mrcq over the lanmd to be satisfied
by pe! riodical payie-nt and final payment C-1 1 July1.
The conditior~ s oj-re~ pav. rnent were mlet byk the l'ortcjacor andI
final payv~ lent received on 10 JTuly 29C1,
4. The Liq-aidator lodged Incor-. ne T Feturns during the Period_
of the liquidation in which full. and truie disclosure of
the :. alc ja d~ e. ' hccorilpany ha-s unrecounr-d locs!;
available to it at th-e pri~ ttime of $ 45 , bOO w" i11
not be recouped prior to the~ finalisation of the lAIqui.-
ation. The Tamation Po'-,: artmen-t gave clearannce to porCCU' to fina1
dis: tri'bution on 13 SepLemTher l971,1 ane, h-ave, berenr urovldeu
with taxation returns zind detail of the pos. tilon c h
liquidation annually since the d ate of liquidation:.
Yours faithfull
COO~ LPTY. LTD.
( 1I4 LIQUIDATION)
Rl. W. DUNN
LIQUI DATOR