NEW ZEALAND CO-OPERATIVE.
REDUCING CALLS,
The directors of the New Zealand Cooperative Dairy Company, Limited, have decided to reduce the annual call, or deduction for butter shares, as from June 1, 1929. The reduction from the previous figure of %d per lb butterfat to id means that the position of incoming shareholders is eased and they are given a longer period in which to pay up their share capital. The position of the original shareholders, who, by reason of holding fully paid butter shares, received their'sbareholders' bonus in cash, is duly safeguarded as, under the new system, they will receive, as ordinary payment, the due proportion of he amount they previously received as shareholders' cash bonus.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19290723.2.19
Bibliographic details
Auckland Star, Volume LX, Issue 172, 23 July 1929, Page 4
Word Count
116NEW ZEALAND CO-OPERATIVE. Auckland Star, Volume LX, Issue 172, 23 July 1929, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.