COMPANY NEWS
FARMERS’ CO-OP. AFFAIRS Shareholders in the New Zealand Farmers’ Co-operative Association ol Canterbury, Ltd., have been advised by the directors to retain their share holdings in the meantime. At the annual meeting on October 12 last year, the chairman (Mr C. P. Agar) told the shareholders that the company was considering issuing Ihe balance of the unissued B preference and ordinary capital. He said that it was proposed to issue the new shares on the basis ol 10s capital plus a premium to be decided. Holders of all classes ol shares were to be given the oppor-, tunity to lake up the new shares’ but no rights would be attached to the issue. A circular sent to shareholders says that proposals to increase the capital will be submitted to shareholders during the current financial year. “In the opinion of your directors, the proposals which they arc considering j will be advantageous to shareholders and the board recommends sharchold- : ers to retain their holdings in the meantime.” says the circular British Tobacco.—Ex dividend date is' March 2. not March 1, as adviced yesteri day.—(P.A.)
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Bibliographic details
Press, Volume XCIII, Issue 27896, 18 February 1956, Page 12
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185COMPANY NEWS Press, Volume XCIII, Issue 27896, 18 February 1956, Page 12
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