CANTERBURY FARMERS' COOPERATIVE ASSOCIATION.
(Per United Press Association). CHRISTCHURCH, October 3.
At a special meetiag of- the shareholders of the New Zealand Farmers' Co-operative ■Association of Canterbury Ltd., held today, it was decided to amend the articles of Association so as to give the Board power to create an issue of preferential shares.
The Chairman said it was suggested that interest at the rate of 6 per cent, should be guaranteed to holders of preferential shares. The proposal for increasing capital was not to make up any deficiencies through losses or diminution of business. It was really to strengthen the concern and assist the Board to develop the agricultural departments of the business and to rehabilitate its finances generally and render the concern more independent of outside sources for its working capital. The motion was carried with three dissentients.
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https://paperspast.natlib.govt.nz/newspapers/WH19081005.2.33
Bibliographic details
Wanganui Herald, Volume XXXXIII, Issue 12585, 5 October 1908, Page 5
Word Count
139CANTERBURY FARMERS' COOPERATIVE ASSOCIATION. Wanganui Herald, Volume XXXXIII, Issue 12585, 5 October 1908, Page 5
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