Longburn Freezing Company.

Feilding Star, Volume XVIII, Issue 146, 19 December 1896, Page 2

Longburn Freezing Company.

A meeting of shareholders, third issue, in the Longbnra Freezing Company was held at the Feilding Hotel yesterday afternoon for the purpose of considering the report of tho investigation committee, and solicitor's opinion thereon, as to the transactions of the directors There were only five persons present and Mi" T. A. Bryce, who presided, submitted a lengthy report, which covered fifty-six pages of foolscap, dealing with the whole question and good grounds were also shown why tho last call should be refunded to ihe contributors The meeting considered that an application should be xnade for the examination of the official liquidators and the books of the company and that if the proceedings were continued the result would probably be that either the contributors would receive a refund, or the creditors would be puid in full. Mr Bryce was assisted by Mr G. Hirsch, an accountant, in his investigations. It was not considered expedient to make the whole of the report public, but to endeavour to get 11 larger meeting todiscusß it. On the motion of Mr Neilsen and seconded by Mr \V. Reid, the meeting was adjourned until such date as should be fixed by the committee before the sitting of the District Court in Paliuerston North, and thnt shareholders be requested to subscribe towards the expenses if they consider further proceedings desirable.