COMPANY AFFAIRS.

Auckland Star, Volume LXIII, Issue 234, 3 October 1932, Page 4

COMPANY AFFAIRS.

WAIRARAPA FARMERS. WRITING-DOWN PROPOSALS. An announcement that proposals are to be made for the writing down of the capital of the Wairarapa Farmers' Cooperative Association, Ltd., was made at the annual meeting at Masterton last week. The accounts for the year showed a loss of £16,188, making a total deficiency of £61,006. In reference to this, Mr. C. M. Bowden, managing director, who presided, said it would be many years before the arrears could be liquidated, and the shares again restored to a basis of paying regular dividends. In these circumstances the board proposed to introduce resolutions later, for capital readjustment by writing off the losses against capital. Proposals would be submitted when it was considered that the loss could be definitely calculated. Mr. J. Hunter said it seemed to him that the preference shareholders' capital had gone. He considered that the preference shareholders had not had adequate representation on the board. Mr. Hunter complained of the losses incurred iu the stock department.

Replying, the chairman pointed out that the company was not actively engaged in the stock business at the present time. At the same time there were advancc accounts on which any attempt to clear up the stock department business immediately would mean ruination for many farmers. The present board, he said, had no intention of extending stock operations." It was not quite correct to say that the preference share capital had gone, as there were various assets against that.

NEW REGISTRATIONS. The following now registrations have been made:— Public Companies. New River Alluvials, Ltd.—Capital: £3000 in 300 shares of £10 each. Subscribers: Turua, ]?. A. Jcuscn; Auckland. VV. J. Tait, F. A. Abbott, IT. .Rcstall, P Adams, H. Edgar, A. I<\ Weir, 1 share each. Objects: Mining, ctc., and incidental. Industrial and Agricultural Research and Finance Corporation, Ltd.—Capital: £25,000 in 15,000 pref. shares of £1 each, and 100,000 ordinary of 2/ each. Subscribers: Auckland, L. Hewitt, K. Grange, M. O'Neill, J. B. Rushworth, J. Hewitt, A. Grange, D. E. Lethcrland, 1 share each. Objects: Promote agricultural and industrial research, etc., and incidental. N.Z. Mining Estates, Ltd. —Capital: £100,000, in 100,000 shares of £1 each. Subscribers: Auckland, M. Worslcy, A. Taylor, N. Hockin, H. Goodwin, A. H. Gylbert, E. Armstrong, E. B. M. Thode, 1 share each. Objects: Mining, etc., and incidental. International Concessions, Ltd., to establish companies and associations for the prosecution or execution of undertakings of any description, whether of a private or public character, and to acquire and dispose of shares and interests in such companies or associations, etc. Capital: £50,000 in £1 shares. Subscribers:' J. R. Hetherington, A. J. Smith, E. L. Ansell, C. W. Leyland, G. C. Bromley, 11. Maxwell and T. H. Geraghty, 100 shares each. Private Companies. The New Remuera-Panmure Land Company, Ltd., Auckland, real estate owners and dealers in lands, etc. Capital, £4150, in £1 shares. Subscribers: R. H. Whitley, A. L. Whitley and E. G. Whitley, 800 p'Vi res held jointly; Maurice Harding and Alfred G. Lunn, 0(>0 shares each; Frank M. Winstone (merchants), Limited, 500 1 shares; G. Gower, 400 shares; G C Ormond and J. D. Ormond, 300 shares each; Ada M. Wilson, 200 shares; P. Harrison, S. Barry and E. G. Whitley, 100 shares each; A. V. Hay and Florence M. Kirkwood, 50 shares each; T. B. Arthur, and H. H. Dyer, 25 shares each. Foster's Pharmacy, Limited, Hamilton, wholesale and retail chemists and druggists, etc. Capital, £1000, in £1 shares. Subscribers: H. G. Foster, 900 shares; Ellen A. L. Foster, 100 shares. G. F. Oates and Son, Limited, Morrinsville, estate agents, etc. Capital, £500, in £1 shares. Subscribers: G. F. Oates, 400 shares; T. E. Oates and H. G. Oates, 50 shares each. Braden (H. G. R.), Ltd.—Capital: £1200 in 1200 shares of £1 each. Subscribers: Auckland, H. G. R. Braden, 1199 Rhares; D. M. Braden, 1 share. Objects: Deal in and repair, etc., motor vehicles, etc., •and incidental. Gray and Merrall, Ltd.—Capital: £1100 in 1100 F.P. shares of £1 each. Subscribers: Auckland, F. W. D. Gray, 550 shares; E. W. Merrall, 550 shares. Objects: Deal in furniture, house furnishings, etc., and incidental. Cooke's Ritz, Ltd.—Capital: £2000 in 2000 shares of £1 each. Subscribers: Auckland, W. A. Cooke, 1500 shares; M. G. Cooke, 250 shares; J. D. G. Farrell, 100 shares: I. Cummings, 150 sliares. Objects: Refreshment room proprietors, etc., and incidental. United Traders, Ltd.—Capital: £500 in 500 shares of £1 each. Subscribers: Auckland, C. W. Bryham, 2 shares; J. H. Southwick, .497 shares; G. R. France, 1 share. Objects: Wholesale and retail merchants, etc., and incidental. Dunsheath Machinery Co., Ltd.— Capital: £1000 in 1000 shares of £1 each. Subscribers: Auckland, B. J. Dunsheath, 500 shares; J. Dunsheath, 500 shares. Objects: Deal in machinery, etc., and incidental. Motion Picture Publicity, Ltd.—Capital: £100 in 100 shares of £1 each. Subscribers: Auckland, F. N. Todd, 1 share; N.Z. Campaigns, Ltd., 99 shares. Objects: General agency business, etc., financial agents, etc., .and incidental. ' Daffodilla, Ltd. Office: Roberts Road, Te Atatu, Henderson. Capital: £1000, into 650 preference shares of £1 each, and 350 ordinary shares of £1 each. Subscribers: Auckland—G. Heighway 650 pref. Wellington—A. J. Heighway 340 ord., J. W. Stanley 10 ord. Objects: To carry on business of orchardists, fruitgrowers and general incidental. Freeholds, Ltd., dealers in freehold land, general brokers and agents, financiers and capitalists, etc. Capital: £1000 in £1 shares. Subscribers: New Zealand Freeholds and Buildings, Ltd., 900 shares; the Town Cash Stores, Ltd., 10 shares. Increase of Capital. Ronaki, Ltd., Auckland, has increased its capital to £14,000 by the creation of 4000 new shares of £1 each. Companies Winding Up.. Dentists' Supplies (Australasia), Ltd.— F. T. Eyre, Auckland, public accountant, liquidator. The Hub, Ltd.—A. F. Leader, Auckland, company secretary, liquidator. New Era Milking Machine Company, Ltd.—H. E. Goodwin, Auckland, accountant, liquidator. Premier Amusements, Ltd.—A. J. Hayden, Otahuliu, company manager, liquidator.. Sanitas (Auckland), Ltd. —N. P. Carless, Auckland, public accountant, liquidator.