CLARENCE HATRY’S TRIAL

Taranaki Daily News, 24 July 1930, Page 7

CLARENCE HATRY’S TRIAL

APPALLING AFTERMATH. COMPANY LOSES £1,564,000. The “appalling devastation” of the “Hatry cyclone” was spoken of at the first annual meeting of the Associated. Automatic Machine Corporation, Ltd. a concern in which Hatry was at one time connected —in London, recently. The report of the directors showed a total loss of £1,564,000. Major R. D. K. Curling, the chairman of the directors, declared: —"When you invested your money in the shares of this company you little thought the Hatry cyclone would sweep, through its assets, but that has happened. The devastation has been appalling, and stopped only just short of taking money from machines out on sites.” Major Curling said they had had, however, a really sound and profitable business in automatics at the back of them, centred in the subsidiary concern, the British Automatic Company, Ltd, It was anticipated that the trading profits of the British Automatic Company would reach £35,000 for the year ending September 30 next, after paying debenture interest. They would, however, have to reserve their resources for a year or two, and an early dividend could not be expected. “It is idle to pretend that the old board was not both deluded and disillusioned, but it was not alone,? said Sir Archibald Weigall. “Many of the large banks, many of the oldest-established financial houses in the city, to say nothing of a considerable number of eminent individuals rightly renowned for their knowledge of city affairs, were in the same position. There are things in life where truth is stranger than fiction.” ——l II |l—

HAWERA COMPETITIONS. • JUDGES’ FORTUNATE SELECTION. The Hawera Competitions Festival Committee • has been particularly • fortunate. this year in its selection of judges. ‘ Mr; Dixon, the adjudicator in the° musical sections, arrived in New Zealand from England under engagement to the Christchurch Choral Society as conductor, and he wields the baton also for the Ashburton Choral Society.' Mr. Dixon is the possessor of a splendid tenor voice, a striking personality, and is the leading teacher v of singiim in Christchurch. During the war period-he was director of community singing for the British Army, and judged numerous competitions prior to his'departure for New Zealand. He was a judge at the Wellington competitions last year and Gore this year. The Wellington Society to again secure his services for this year’s- competitions biit was unable to do so as the date of its festival synchronised with Hawera. Mr. J. W. Bailey adjudicated at Auckland competitions last year in, the elocution section. He completed his studies in England and on returning to New Zealand commenced teaching in Wanganui. He is well known in Hawera, having given a recital and airanged a choir concert some years ago. Intending competitors, teachers and choirs are again reminded that entiles close with the secretary on Wednesday. Mr. McKenzie reports an increasing demand for schedules, a second edition having to be printed. This fact.auguis well for the success of the festival.