COMPANY DIRECTORSHIPS

Otago Daily Times, Issue 25798, 20 March 1945, Page 7

COMPANY DIRECTORSHIPS

on-—There have been several comminion Rubber Company, , Ltd «as , “ Li an d it was stated in it that tnr company’s assets have been in Japanese hands (in Malaya) since Decembei, 1941 The only revenue is from interest on in* SS .n« transfer MM |h« fou directors lake £l5O of the £444 3s 2d or revenue as their remuneration—the bal ance going in expenses, etc. By the sate of some shares a surplus ’ was real s of £67 19s 3d and the bulk of this was carried to appropriation account. This board of four men might have been satisfied to divide between them the sum of £SO for the year, and as a gracious Bep"B ep " ture might well have taken no fees at al in the circumstances. So that’s that! and the facts speak for themselves. The old school of directors are not such bad sorts alter all.— I am. etc., Observer. Dunedin. March 16.

[The chairman o£ directors to whom the above letter was referred informs us that although the rubber estate is in the hands of the enemy forces plenty of woik has developed for the directors dui mg the vear. In any case, he says, the dn ectors do not nominate their fees as Observer ” suggests, but the fees are voted by shareholders at the company s annXial meeting.—Ed. O.D.T.]