THE WELLINGTON AND MANAWATU RAILWAY.
TO THE EDITOR OT THE EVENING POST. Sib— On Monday next the shareholders in the Wellington and Manawatu Railway Company will be called upon to confirm the articles of association, and when once confirmed, they must abide by the issue. A s one of the shareholders, I call attention to clause 57 in the deed of association, which empowers proxies to be reoeived ; and at the last meeting one gentleman said he had a pocket full ; therefore, it may justly be inferred that the proxy-holder can influence and regulate the meeting as he thinks proper. I call special attention to the Joint Stock Companies Act, which almost does away with proxies. Let it be thoroughly understood that the board of local direotors only receive the sum named in the articles of association when the whole Bum is floated either in England or the Australian Colonies, so that no proportion of the money paid be absorbed in outside or preliminary charges. Further, we require no London Board to heap up the charges. But let such men as Sir Charles Clifford, Sir Julius Vogel, and Sir F. Dillon Bell be asked to use their influence and appoint brokers in England, and with such name 3 and such influence it cannot fail. I am, &c, A Shareholder.
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Bibliographic details
Evening Post, Volume XXII, Issue 26, 30 July 1881, Page 3
Word Count
219THE WELLINGTON AND MANAWATU RAILWAY. Evening Post, Volume XXII, Issue 26, 30 July 1881, Page 3
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