NEW DIRECTORS
G. J. COI_£S AND CO., LTD.
A circular to shareholders of G. J. Coles and Co., Ltd., Melbourne, signed by Mr. G. J. Coles, chairman of directors, was communicated by cable yeaterday to the New Zealand Stock Exchange Association, reading as follows: "Your directors have been successful in obtaining the consent of Sir Walter Leitch and Mr. James Marchall MacXarlane to accept seats on the board of directors, and the directors are unanimously of the opinion that they ai'e eminently suitable and that the company should secure their services. Should you disapprove of the appointment of either or both of these gentlemen will you kindly ' communicate with the secretary at the registered office of the company to that effect not later than November 9 next.
"The remuneration to be paid to these.new directors, if appointed, will be at the rate of £400 per annum, the same as has been paid throughout to Mr; F. P. Derham during his term as director.
"I am pleased to inform shareholders that the mutual confidence which formerly existed between the directors has now been restored. The divergent views occurred purely on matters of policy, no allegation that either Mr. A. W. Coles or Mr. F. P.. Derham.were parties to any illegal or improper conduct ever having been intended."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19361020.2.146.16
Bibliographic details
Evening Post, Volume CXXII, Issue 96, 20 October 1936, Page 12
Word Count
216NEW DIRECTORS Evening Post, Volume CXXII, Issue 96, 20 October 1936, Page 12
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