NEW ZEALAND FARMERS' COMPANY

Dominion, Volume 12, Issue 210, 30 May 1919, Page 8

NEW ZEALAND FARMERS' COMPANY

| ''■ B y.: Telegraph-Press Association . ' "im. , Auckland, May 29. ; ■ lie animal meeting of the New Zeaf , laad Farmers Company was held to-day. : ■ lie report stated that the cost of the ; works was estimated at ,£318,000, account- ; ff l° T <>y tie decreased purchasing power ! ot the sovereign and the increased coal or materia 16. ■ v ii^ ba ] ance tH 6fc ,\° March 31 **<»«* xilMi,. for which there was no visiblo 0 i/i* ex P en diture covered three and a half years and was'generally ac- : counted for by preliminary expenses and brokerage. Generally speaking, the af- • W,rs were mo re satisfactory than anticipated by some shareholders. ■Dissatisfaction was expressed by southern delegates that the southern districts , • were not represented on the directorate, ine explanation given was that" this would mean an alteration of the articles of association. The directors were quite :.- willing to make such provision as soon ;.- as possible. .The report and balance-sheet were adopted. / '> cordial vote of thanks was passed to the directors for the manner in which : they had conducted the business of the i company.