N.C. SHEEPFARMERS' FREEZING COMPANY.

Press, Volume LVI, Issue 17019, 16 December 1920, Page 8

N.C. SHEEPFARMERS' FREEZING COMPANY.

* » QUESTION OP INCKEASED DIKBCTOKATE. An extraordinary .general meeting of. utarein tho North Canterbury ' Shespfarm«rs' O>-cpera.tivo Preezing Export and Agency Co., Ltd., was heLd yesterday afternoon. " Mr G. D. Greenwood, chairman of directors, presided, and there wae an attendance of 25. The meeting jvas for tho purpoao of passing up 6p€cial rescilutions amendments and to the articles of association, including provision, for two additional directors. The chairman e«id thai it would bo. an ndvantsiiTQ to have certain dietricte from which* tho company was buying large quaritities of ftock represented on the '*sikectorat&, and it was for that rea?on that it was proTxeed to increeso the directorate. • Mr J. A. Henley (Lincola) euid that ft appeared to him that the directors were camouflaging the whole position. Hβ doubted if 10 per cent, of th-j shareholders knew that the. meeting was being held that day. Mr J. H. Blackwell (Kniapoi) took exception to the foregoing remark, and eacphuned that the directors, acting on the advico of Mr "Wilding, the company's solicitor, had toiken the proper steps for bringing about the amendments to the articles of association. A ehareholdec complained that eoverol shareholders had not received proiy forme, and Mi- Henley declared the directors were responsible for fhis. Mr. F. E. Jones said that iho zneetjng that day was a small one, and not representative of all the ehareholdetH. He therefore moved: "That a poll of the shareholders be taken." The chairman said that not a single prosy form had been sent out to directors or ehareholdeTs unless applied for. Any shareholder desiring a proxy form could obtain one from the office on application. The imputation that the directors' bad "jockeyed" the proxies wae- untrue. The Board would be only too pleased to welcome to the directorate representatives of outside districts, but, eo far, there had been no guarantee given that candidates would come forward to ■represent euoh districts on tho directorate. Mr J. C> C. Crebbie (Mohtkarar*) eeoonded the motion that a poll be taken. The chairman intimated that the eaHdtor, Mr F. S. Wilditi.fr, K.O. (who was sitting bosid© him) advised that a poll could not be taken unless it was demanded by five shareholders. Mr Wilding explained that the articles of association provided that if a poll was demanded the chairman of the meeting should decade tho time and place of the polL The voting pap9rs tould not be posted, out to shareholders, but proxy papers could. ' The chairman: It eeems beet, in the interests of the company, that this meeting should s be adjourned,' 0.-nd iha-t proxy forms bo sent otat to all ehareholdersy and, efter this meeting r.djourm*. the directore can consider the matter, and fix a oorrvenient date for tho, next meeting. Mr Wilding , teUe me that ho sees no legal difficulty in arranging waorde "Snd giving , an equal distribution of seats. That will, however ( necessitate further alteratione ii the articles of association. The directors will try to. meet the- wishes of shareholders in every way. It was aprrced to adjourn the meeting to Jamuvry 12th. •