‘Outstanding support for Ravensdown issue’
Ravensdown Fertiliser i Company, Ltd, had had outstanding support by farmers in the Canterbury area, says the chairman (Mr P. Elworthy).
More than 3600 Canterbury farmers had applied for shares to enable the company to form its equity capital base to finance the takeover of Kempthorne Prosser and Company, Ltd, he says. The closing date for
receipt of applications fori shares in Ravensdown has been extended to June 15. “Farmers intending to I subscribe to Ravensdown should do so by that date. This would enable farmers to ensure their full participation in the benefits Ravensdown provided by cooperative control of five K.P. fertiliser works,” says Mr Elworthy. Referring to the attempted take-over of K.P., Mr El-1
[worthy says that there were J more than 7000 farmer! ! shareholders in Ravensdown. and with 200 share applications being received daily, I any doubt as to farmers' . preparedness to finance such a venture was removed. ; “With this level of farmer support, there was no ob- . stacle to Ravensdown com- ■ pleting the take-over of K.P., and forming a co-operative I equipment companies.” ■ I worthy.
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Press, 14 June 1978, Page 25
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184‘Outstanding support for Ravensdown issue’ Press, 14 June 1978, Page 25
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