MAIL NOTICES

Waikato Times, Volume 128, Issue 21336, 6 February 1941, Page 9

MAIL NOTICES

OVERSEAS SERVICES The trans-Pacific mall closes at the Chief Post Office. Hamilton, at 5.30 a.m. on Friday, February 14. The trans-Tasman air mail closes at Hamilton three times each fortnight. Other overseas mails close as opportunity offers. C. CLARK, Chief Postmaster.

My experience is sufficient for me. ■ I have naturally also met many prominent men holding high positions connected with shipping and freezing companies who are noted for their ability and tact, but they are In the minority. Has “Old Soldier” or “King Henry V” ever stayed two or three hours in a freezing chamber, registering 20 degrees below zero? If they have had that experience they will realise that the freezer is the last place . for anyone to go to if he wants to j loaf. How do the freezing com- . panies pay the dividends if the men won't work? One southern company j paid 38 per cent dividend during one : of the shuddersome slump years. Where did the money come from 0 j The manager of that company knows how to treat men, and he would be , the first to resent any outside sug- 1 , gestions that his men were not 100 i, per cent. For the benefit of “Old i Soldier” and “King Henry V” I wish ; to state that they would also get the same setback if they spoke of me to j him as they have clone in their let- j ters. We both got our experience \ at the same time. One more case. A successful freez- ; ing company (also not in the Auck- ! land district) increased its capita! | live times by this means, owing to j, the accumulation of wealth. If a • shareholder held £IOO worth of £1 shares, £4OO worth would be given to j him. He would then have £SOO worth i of scrip. Later the directors decided j to reduce the capital of this company, j They handed back £1 to the share- I holder for each original share, leav- j ing’the shareholders now owning! £4OO worth of shares where they held . only 100 shares in the first place. Again, where did the money come from? —1 am. etc., RETIRED PUBLIC SERVANT. I Hamilton, February 5,