AUCKLAND FARMERS' FREEZING COMPANY.

Waikato Argus, Volume XVI, Issue 2629, 3 May 1904, Page 3

AUCKLAND FARMERS' FREEZING COMPANY.

A mksting of directors of the above company was held in the Courioil Chambers, Hamilton, yes erday morning. There weie present: Mestr-i J. G. Pennikeo (chairman), ''. Day, R. Reyi olds. W. Chiity, W. N. Sturges and S. Kuight, VOTE CI? THANKS. Votes of thanks were pa-ted to Me»sra Stone and Penniket for their services in connection with 'ho sue, etc. L.EAHE. The lease in connection with the T il* worth property was read and considered, and some sligh alterations suggested. The • ecretary repoited that Mr L. D. Nathan and Mr Houghton had approached him with a view to the amalgamation of Hellaby's and the Auckland Fatmers' Freezing Company. Hellaby'soffered totake up 50.000 paid-up shares, but wished to retain their retail trade. M Nahan said that there was no possible chance of both companies making a s-ucaessof the business and ho felt sure that the whole thing would be failure within 12 months. The Secretary said Hellaby'B complained that they had not been properly approached regarding tho tsalo of their businiss, Mr Sturges said ho had approached that company himself, and they refused to make satisfactory arrangements, and would not part with their re ail business. This offer wasieudat a meeting held in .Hamilton, and had been rejected. Tho meeting expressed tho opinion that &« Hellaby - 3 plant wan totally uosuitab e for the Faimers' Company, the proposal to amalgamate v.ag oui. of tho question. BEPORT. The secretary read the report of the directors, which thowed that the total number of shares allotted is H 912, and the cash received amounted to £4035 14i 4d. Ihe expenrii'nre included prelimi oary expense* £199 13s Bd, stamps and sundries £56 14i 2d, advertising and l.rintina £lO7 15s 4d, machinery and pUnt £4 103 6d, insurance £l3; total £351 13- HI. Bank balances: Auckland £1639 17-, Hamilton £2O/4 0- Bd, cash in hand £2O 2s 3d, balance £3734 0- 4d. '(he prelimioarv expenses of tile company were estimated at £4OO. The report was adopted. NOMINATIONS. The following nominations were received for the directorate :—Messrs Jos. Baiugh. S. J- Ambury, R, Reynolds, A. Bevins, Thos. Stone, J. O. Allen, C. Day, J. G. Penniket, VVm. Sturges, Capt. Worsp, J. 15 MeGill. Nominations will bo received up to Wednesday, May 4ih, at the office of the company, Council Chambers, Hamilton. DIRECTORS EXPENSES. It was decided to allow directors -travelling expenses only ior the fist .year. SHARES. The secretary reported that 4156 shares had been allotted, repretenting £20.780.