GISBORNE SHEEPFARMERS' F.M. & M. COMPANY.

Poverty Bay Herald, Volume XLVII, Issue 15465, 9 March 1921, Page 4

GISBORNE SHEEPFARMERS' F.M. & M. COMPANY.

PROGRESS Olf JIMAMATION. /?• </Extraordinary meetings-of preference *• • mercantile and sharehdjuers fo! the' Csisborne“'.Sheepfarmers’ (Frozen IAICai andJMcreiiriiito'* Company utero.fheld-Jto day/for^thetpurposo of coiilirmmg' tin . specUdJresolutions-- passed ■.by|.individna •tf dass«#of sh%-Xsholdcrs at*res?it>-speuUd f meetings, relating to the proposed amalgamation of .freeing, und x mercantile companies .onVtho .The conf imitation' concluded-the>Gisburne Sheep- * farmers’-,', share,s as ftho/ purchasing fcoiuJ pany, in the amalgamation negotiations, /-including the adoption of the articles of amalgamation. Tho chairman of directors- of tho company (Mr. C. A. deLaulour), presided over the extraordinary meetings of tho various classes, which unanimously confirmed the special resolutions, without discussion. . An extraordinary general meeting of all shareholders was subsequently presided dver by Mr. dejfautour, and confirmed a resolution covering the whole of the special resolutions dealing with the various classes. The present Hoard of Directors was granted a mandate to make financial arrangements for the amalgamation when completed, by the passing,.on the motion of Mr. J. Berry, seconded by Mr. I.; Mil-field, of the following, resolution : “That, taking into consideration the considerable interval of time which must elapsxJ 'between permanent boards of directors to be formed under and in terms of the new- - articles of association now confirmed the directors for the time being in office arc hereby author- / ised to enter into and complete as f alas possible all financial- arrangements with' any - bank or banks which in their opinion inky be requisite in order (upon the completion of the sale : and purchase of the under companies) to liquidate the liabilities of such companies, a'nd to - carry on -Hie finance of the continuing company after-'-amalgamation.” The remaining steps for.tho.eo.mpl<?tion of the whole project now rest with the vendor companies, the- Tokomaru ■ Bay. Fanners’ Trading Company), .the .Tokomaru Bay. Sheepfarmers’ Freezing Company, Gisborne Sheepfarmers’ Co-operative Com-* paiiy, and.the Te Araroa- Farmers' Trading Company, .and- will be Undertaken! at extraordinary meetings of those companies’ shareholders, which, it is understood, are already arranged. >