CORRESPONDENCE

Waimate Daily Advertiser, Volume XXIV, 28 December 1926, Page 2

CORRESPONDENCE

WAITAKI FARMERS' FREEZING CO., LTD., (To the Editor Daily Advertiser,. Sir. —Re the Waitaki Farmers’ Freezing Company notice in your paper- calling on the financial share holders to meet at Oamaru on December 29th. Needless to say, I feel disgusted at the attitude taken up by the directors in warning all non-financial shareholders not to be present. Now I must say that this is a splendid advertisement to stop unfinancial shareholders from patronising these works Now, Sir, I say it would have been much better if the directors would have refused point blank to have called this meeting, and left us to paddle cur own canoe, as it is quite evident by the attitude they have taken up that they did not wish to call this meeting when they are refusing to give u'nfinancial shareholders a chance of discussing this all important question of asking the New Zealand Refrigerating Company to write down the cost of the works so dearly bought by our directors. I would like to inform the directors that I, for one will help to see that the unfinancial share holders will get a chance of discussing this matter. It is quite evident that the directors are out to side-step this question. Now, Sir, let us go a little way back. We read a notice in our local papers inviting all shareholders to a luncheon at the Pukeuri Works, a little bit further along the road we read another advertisement asking farmers to “support your own works”, and a little further along- we read another advertisement calling the financial shareholders to meet at Oamaru on the 29th inst., but warning those shareholders whose are not financial to stop outside. Now, Sir, I leave this to your readers to decide, if this is British fair play. In speaking to an unfinancial shareholder of the Waitaki Farmers’ Freezing Co., recently, he informed me that he was going to send his lambs to the Pukeuri Works this season, but since this notice appeared in the local paper he has now informed me that his lambs will go up the line. Do the directors really expect to get the lambs from unfinancial farmer shareholders for their works when they refuse to admit them to a meeting to have a friendly discussion, which no doubt may- help us all? When a man is down' why try and keep him so. I think if would be much better to lend him a helping hand, and at least let him express his views on the matter. I fail to see that this would do anyone any harm. I think it would be of more interest to the unfinancial shareholders to get the price of the works reduced, as these shareholders cannot pay their calls at the present time, as it does not matter much to the moneyed man. I am out to help the farmers works, as I hope to be able to prove to the shareholders and directors at Oamaru on Wednesday. I am quite prepared if the Works are put on a-proper footing, to take up a fairly big parcel of more shares in this Company, and I am quite sure that others will do the same, as I quite understand from past experience that the farmers want works of their own and it is plainly to be seen that these works noyv do not belong to the Waitakj Farmers’ Freezing Company, if the New Zealand Refrigerating Company likes to step in and take possession of the reins I sincerely trust that the directors and shareholders ' will now pull together for the good ( cause of the Waitaki Farmers’ Freezing Company. I am, etc. R. P. HENRY. '