STORAGE FOR BUTTER.
EXTENSION TO PROCEED.
FARMERS' FREEZING CO
Shareholders of the Auckland Farmers' Freezing Company, Limited, at a special meeting yesterday, confirmed the decision made at a special-meeting last month to amend the articles of association to enable file dairy companies to subscribe the capital required to provide further storage accommodation equal to 100,000 fcoses of butter at the King's Wharf works, together with the necessary facilities. As a result the company is now in a position to proceed immediately with the proposals outlined at the initial meeting. After allotment of the new shares, which will be made at once, the New Zealai.d Dairy Company will have the right to appoint one director, and the other dairy companies, jointly, will have a similar right. In 1932 the latter companies will have the right to appoint a second director. At present the dairy companies are represented by one director, but und®r the new arrangement of capital the companies will be holding more than £IOO.OOO of the share capital, or about one-third of the total.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19300222.2.128
Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20496, 22 February 1930, Page 13
Word Count
174STORAGE FOR BUTTER. New Zealand Herald, Volume LXVII, Issue 20496, 22 February 1930, Page 13
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.