C.F.M. Share Issue
Sir,—l am pleased to see that your financial editor has views similar to my own on this subject Why was it necessary for the issue to be underwritten, and if it had to be underwritten why go to Wellington? The affairs of
this company are of vital interest to the whole of Canterbury, and I feel that producers and customers, as well as shareholders, are entitled to an explanation of this very strange procedure.—Yours, etc. PRIME CANTERBURY. April 11, 1967. [The general manager of the Canterbury Frozen Meat Company, Ltd. (Mr R. D. Iles), replies: "The directors, after lengthy consideration, decided that it was in the interests of the company that the issue should be underwritten. The sharebrokers in question have been employed by the company to advise on financial planning by the company for a considerable period past”]
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Bibliographic details
Press, Volume CVI, Issue 31345, 15 April 1967, Page 12
Word Count
142C.F.M. Share Issue Press, Volume CVI, Issue 31345, 15 April 1967, Page 12
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