WANGANUI MEAT FREEZING COMPANY.

Wanganui Herald, Volume XXX, Issue 8988, 21 October 1896, Page 3

WANGANUI MEAT FREEZING COMPANY.

• Extraordinary General Meeting. 'An extraordinary general meeting of the above Company, called to confirm a motion propoied by Mr J B Sommerrille, was held at the Borough Council Chambers this (Wednesday) afternoon, Mr E A Campbell presided, there being a representative attendance of shareholders present, She Secretary read the minutes of the previous meeting,, at which the motion wss proposed and carried by a show of hands, ' The' motion, whioh was as, follows, was read by the Seoretary:— The, words "Any auditor quitting office shall be eligible for re-election" at tbe end of article 138 shall be repealed, and the following words shall be inserted at the end of suoh article : " If there ahall be only one auditor in offiie immediately before tbe ordinary general meeting in any year inch auditor shall not be eligible for re-eleotion for the ensuing i year. If ' there shall be two or mot* auditors in office immediately t>s- ' fore any such ordinary general meeting one of snob, auditors shall not be eligible for reeleotion ior the ensuing year. Unless the auditors arrange bstpen.thera. within 10 days prior to snoh ordinary general meeting "as to, -which of them shall cease to be eligible , for re-election a; aforesaid, tbe Directors shall deoide, and in oue they noglect or fail to deoide, the Chairman of suoh metting shall decide. Sabjeot to the above provision any auditor quitting office shall be eligible for re-election." Mr Sommerville, in moving 'the oorjfiima- ' tion of the resolutions passed at the list , meeting, said he was glad to tea io maoh - interest taken in the matter, as evidenced by the attendanoa 'of so many shareholders. •■ It- was a* healthy sign,,and if nothing else oime. of.it it would have ithe effect of - canting the shareholders to think a great . deaf of the Company's affairs. When he 1 moved the resolutions he was under tbe ' impression that every shareholder was, with him, but sow he thought he was mistaken. . This' he 'thought was a pity, but ,ho ■ believed when they came to the Tote it would be shown that there wai "nothing in the objections raised against the motio». The prinniple proposed was proper and right, and shareholders, and share- , ,' holders would agree that they should, in the interest of the Company, do all they could ( to' ensure a good, a proper and a seaohing system of audit. He was not now going . fully fnto the question, but he wonld juit . like say that he regretted that personal matters had been allowed to oreop into the '• question. When he tabled the resolution, a -he knew nothing of the opinion of the ■ directors or the shareholders, and he gave j, thtmhis word of honour that he knew nothing 'of any tsndehoy against any par. "tioular auditor. Why, he asked, should Mr Duigan have been singled out as the man < who was going to be put on one side ? Why was Mr Bodwell's same not dragged out ? The resolutions meant that one oi the direo- , tors wonld hive to retire, but.be oonld not CDQ'eeive why any partioular one should be •' singlid. It had been stated that tho Company owed a dtbt, either morally or peonniarly, to Mr Duigan, But, if they ■ wore indebted to Mr Duigan, all he oould :, say was more shame to them. If they ' owed him anything they should pay him, ' at they had no right to let it go forth to the ' world that Mr Duigan or anyone else had » , vested interest in the Company, The Com- - pany was a business concern, and one ' whioh was intended ultimately to p»y the V iharebolderi. Mr E Newman teoonded the motion, Mr E Fletoher opposed the resolutions, whioh ha considered was a 'fstrograde : , motion. The auditors were their safeguard, ■ and the resolutions Would have the effeot of ' placing more power in tho hands of the direotors. ' Tho resolutions did not provide ■ for the retirement of the auditor longest in , offioe, bat left it to the direotors to say whioh would retire. The shareholders had the power in their own hands as it was, and had eleottd the auditors by large majorities. Now, by a side wind, tne minority were trying to oust one of those whom the majo,'rity had elected. Mr loffiton said the resolution in no way interfered -with the power of tho share- > holders. Tho auditors themselves oouM ' decide which, should sand dawn, if. they ' failed then the direotors were to decide. ■. The Chairman then put the motion to the i" meeting, and on a show of hands it was oarriad by two votes, the voting being 27 f for and 25 against. A poll was demanded. Mr John Stevenson stated that if the other direotors were willing to do likewise ho would refrain from using his proxies. Several Directors agreed to do the same, but Iff Lethbridge objected. Messrs S. N. Liffiton and J. L. Stsven- ' son were appointed scrutineer*, and ar> nonnced the result M follows :— For the motion 914 Against the motion... ... 1027 Majority against' 118 The resolution was therofuro declared lost. „

' Daring the winter of 1893, F, M. Martin of Long Beaoh, Weit Va., contracted a ' severe' cold whioh. left him with a cough. In speaking oE how he cured it he says ■.— "I used several kinds of cough syrup, but found no' relief nntil I bought a. bottle of Chamberlain* Cough Bemedy,' whioh rtlieved me almoit instantly, and in a short time brought about a , complete oure." When troubled with a oongh or cold-use this remedy and yon will not find it necessary to try several kinds before you get relief o It has been in the market for over twenty jeari and constantly grows in favor and popularity. For sale by B. M. Gatenby, Ohtmiit,