Loan and Mercantile Company.
o (Per Press Association.) London, December 22. At a meeting of the New Zealand Loan and Mercantile Agency Company, the report was adopted. Mr Edward Martin, chairman, said the Company possessed ample liquid working capital for all requirements The results of last year's operations went far to preclude the likelihood of the call of L 847.000' The auditors' report was covered chiefly by tbe bank's confidential report, and the direct- ' ora did not adopt the auditors' figures. On the motion for the re-election of tbe auditors, Mr Young said he willing to act if re-elected. He considered such reports to be in the interests of the Company. Mr Martin complained that the auditors had delayed the issue ofthe balance-sheet, and declared the Board would resign if Mr Young waa re elected. The meeting ultimately elected Mr C. F. Kemp, of Kemp,JFord and Company, in Mr Young's place. ___—_—«. __ __
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Bibliographic details
Feilding Star, Volume XVII, Issue 149, 23 December 1895, Page 2
Word Count
151Loan and Mercantile Company. Feilding Star, Volume XVII, Issue 149, 23 December 1895, Page 2
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