WAIRARAPA FARMERS’ CO-OP.
Capital Readjustment By Telegraph—Press Association Masterton, May 21. A meeting of preference shareholders of the Wairarapa Farmers’ Co-operative Company yesterday unanimously approved a scheme of capital readjustment relating to preference shares, whereby preference shareholders agree to abandon their claims to dividends in nrrenr and to forgo their rights to a dividend until the debit balance in the appropriation siccmint is liquidated by future profits. Die meeting further resolved to amend Ihe rights of issue of preference shares by reducing the rate of dividend, applying thereto from 6 per cent, per annum cumulative to 3 tier cent, cumulative. and a further preference. not cumulative. of 3 per eent. per annum, the right of the cumulative at the rate of 3 per cent, to commence on .August 1. 1938.
A meeting of ordinary shareholders is tn he called tn approve the reduction of the ordinary shares (already reduced from £1 to (i/S) to (id.
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https://paperspast.natlib.govt.nz/newspapers/DOM19360522.2.131.8
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Dominion, Volume 29, Issue 201, 22 May 1936, Page 14
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155WAIRARAPA FARMERS’ CO-OP. Dominion, Volume 29, Issue 201, 22 May 1936, Page 14
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