DAIRY COMPANY

Ashburton Guardian, Volume 57, Issue 248, 31 July 1937, Page 8

DAIRY COMPANY

MOVE TO INCREASE CAPITAL. SUM OF £15,000 ADDED. SHAREHOLDERS MEET TO-DAY. A meeting of shareholders in the Ashburton Co-operative Dairy Company, Limited, was held in Ashburton this morning, Mr S. P. Taylor (chairman of directors of the company) presiding. The principal business was the consideration of a motion to increase the capital of the company to £25,000 by the creation of an additional 15,000 shares of £1 each, to be issued as ordinary shares. A special motion was also to be put to the meeting aiming at alterations to the articles of association of the company. The meeting was not open to the newspapers, but it was announced later that both motions had been carried, the* second one subject to minor alterations. The second motion was necessitated by the taking over of the South Canterbury factories. ZONING BECOMES EFFECTIVE. CONSOLIDATION NOW COMPLETE. I The Executive Commission of Agriculture has announced that the Rakaia River has been declared as the boundary between the North Canterbury and Mid-Canterbury zones and will become effective as from to-morrow. As from to-morrow, the Ashourton Dairy Company will take over the Caroline dairy factory at Timaru, completing the consolidation of the factories in Timaru. It will now control all the South Canterbury area, the factories being concentrated in one factory, the Alpine.