EAST AFRICAN COFFEE.
Proposals providing for 30,000 shares of the East African Coffee Plantations, Ltd., of Melbourne; being constituted as 7 per cent., cumulative participating preference shares, which were agreed to at a meeting held on December 20. last, were confirmed; by shareholders at a subsequent meeting. Owing, to the lack of response from,, shareholders, the, directors were obliged to alter the articles of association in order to place the issue. The necessary amendment to the articles was sanctioned by shareholders. The chairman (Mr. S. B. Bagley), at the conclusion of the meeting, said that the issue had now been oversubscribed, applications coming principally from shareholders. It was now believed thai the current season's crops, representing 400 tons, would realise £80 a ton, instead of £60 previously expected.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/EP19340125.2.126.7
Bibliographic details
Ngā taipitopito pukapuka
Evening Post, Volume CXVII, Issue 21, 25 January 1934, Page 14
Word count
Tapeke kupu
128EAST AFRICAN COFFEE. Evening Post, Volume CXVII, Issue 21, 25 January 1934, Page 14
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in