TIRED OF WORRY

Hokitika Guardian, 23 May 1931, Page 3

TIRED OF WORRY

END OF BUTTERWORTH BROS. 'Last month the directors of Butterworth 8r05., ; -Ltd.f' 'submitted to the shareholders a recommendation that the company go 1 into voltintary 1 iquidatlon —eit VrecbmmehdjStiori that was adopted —and at a recent meeting the resolution was duly confirmed. Mr H. R. Butterworth is liffpbittted liquidator. There; .are fifty-one shareholders, most of them belonging to or connected with the Butter worth family. The head office is in Dunedin, the branches in Christchurch •ahdTnyercargill. In these places the displenishing sale is going on. The shirt, cap and clothing faotories are to carry ori ih tile-meantime, also the milliner^'workroom —all in Dunedin. For fihe purpose ! 6f the Dunedin sale that began on Tuesday over 100 additional assistants were engaged. The business was ’.started at Castleiriaine (Victoria; by Mr T. Buttenvorth/ and it was opbhed in Dunedin hti 1862, in a building that stood on: the. isitev now occupied hy : the Carlton Hotel; Tn 1897, on the death of . Mr Robert Biitterworth, brother of the founder, they being associated’, the business was formed into a company, styled '‘Biitterworth Bros, of New- Zealand ’Ltd.,”- 1 registered in Englahd.i'lh 1917 the present company of Biitterworth Bros., Ltd., was registered in New/Zealand. Right through the business has been conducted on conservative lines such as are approved by: the leaders of commerce, the company having an honourable reputation, and it is going out of business not as the result of forcing, for there is no financial embarrassment, but simply because the further carrying on, in the existing unsettled state of affairs, means worry, uncertainty, and risk—disadvantages which the proprietors do not feel inclined to endure.