COMBINED BUYERS
MEETING OF SHAREHOLDERS PROTEST FROM CANTERBURY. Per Press Association. CHRISTCHURCH, July 8. An unofficial meeting of shareholders of Combined Buyers, Ltd., representing South Island interests was held to-day, eighteen being present. The three following motions were carried unanimously: “That this meeting protests against the action of the preference directors with the assistance of Mr Taylor it: proposing to appoint three joint managers, Messrs T. Taylor, L. F. Wallis and E. H. Watts at £IOOO a yeai each as being extravagant and unnecessary. and that such actiiAi is detrimental to the interest of shareholders; that this meeting claims that South Island shareholders are entitled to direct , representation on the hoard of directors, and hopes that one, if not bath, new directors may he chosen from southern shareholders; that this meeting emphatically declares the necessity 'of getting rid of the incubus of the preference shareholders’ privileges at once, and' failing this object the company go into liquidation.” It was decided that if it becomes necessary for the company to go into liquidation the present shareholders should take steps to reorganise it.
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Bibliographic details
New Zealand Times, Volume LII, Issue 12185, 9 July 1925, Page 8
Word Count
181COMBINED BUYERS New Zealand Times, Volume LII, Issue 12185, 9 July 1925, Page 8
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