WANGANUI MEAT WORKS.
PROPOSAL TO SELL. (Feb United P.bess Association.) WANGANUI, January 23. It is reported that the Wanganui Meat Freezing Company (Ltd.), which has been unable to obtain the finance to open its works this season, has agreed to sell them to the New Zealand Refrigerating Company (Ltd.), which owns other local works. The sale is subject only to ratification by the shareholders of the Wanganui Meat Freezing Company, and a meeting has been convened for February 2 to approve or otherwise of the sale. In the absence of any fresh financial support from the producers, or of any scheme to permit the Wanganui Company resuming operations, it is expected that the shareholders will confirm the sale. Payment will be made, it is understood, partly in cash and partly in shares in the New Zealand Refrigerating Company.
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Bibliographic details
Otago Daily Times, Issue 19696, 25 January 1926, Page 10
Word Count
138WANGANUI MEAT WORKS. Otago Daily Times, Issue 19696, 25 January 1926, Page 10
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