FARMERS" FREEZING WORKS.

Stratford Evening Post, Volume XXV, Issue 92, 21 April 1915, Page 8

FARMERS" FREEZING WORKS.

MEETING AT INGLEWOOD,

A of delegates from' nil i IHlrfcs of Taranaki was licit! at luglcWUcKI ytMdikliiy hi tiduneetioii with the scheme for establishing lai'llitirb' cooperative freezing works in North Taranaki, which is now well under way. There wore present: Messrs J. T. Qiiiil (Avho Was Voted to the chair), representing Eltliiiin, A.- W. Budge (Stratford), E. Walter (BoUghis), W. A. McCutehau (Whangahiomoua), jilld C. F. Young (Tariki), (members of (ho Provisional Committee); alitl the following delegates: Messrs P. Uillsrbi (Rahotu), M. Fleming (Pungarchn), C. Sole, J. Burgess (VVarca), W. J. Gray, .Himter (Oka to), 'W, Ttoneyfield (Tutaraiinaka), A, H. lialeoijibc, ,U. IE Pigott (Ureiilii)j, Martin (Pnkearithe), T. McKenzie (Tikofangi)* 0; Barhltt (Frnti), 11. P. Best (Elthain), J. Brown (Inglewood), A. Morton, 11. do C. Beauchamp (Egmont Village), A. Corkill, H. Sander (Tarata), C. Ansfdrd (Korlto), P. A. OjknslhWh 15, W. Wheatley, H. B. Leppcr, J. Higgins (Lcpporton), Newton King (Now Plymouth), I). Twcedio (Awakino), 11. Scott (Okau), F. Jones (Kotare), and A. B. GamJiu (Inglewood). The Chairman, after detailing what had already been done, said the meeting would have’ to decide whether it would ho advisable to appoint paid cahvass’ers, also , whether they should go on with preparing the prospectus and have printed applications for shares ready so tiiat the applications could ho signed at once, and thus save going over the ground at some future time. Already 4356 shares had boon applied for without canvass, llegarding the-canvass, he pointed out that whatever was decided must he decided quickly', i'otherwise nothing could bo done tliiy' year. An imprest supply account would have to ho arranged for, so that small expenses could be met. He and Mr King would he willing to guarantee this* account, and if the company was not floated a levy would he made on applicants pro rata to the number of shares applied for. He did not know whether it would he better to appoint paid canvassers, or for the delegates to undertake the work.

Mr W. A. McCutchan expressed the view that committees appointed at the various centres had hardly been energetic enough in their canvass for shareholders at stock sales and similar gatherings. There wore 1000 shares guaranteed out of the minimum of 8000 required, and personally he thought they should go on. A voluntary canvass by men well known in the different districts, would, he thought, be far more efficacious than if paid canvassers wore appointed. Several speakers were in favor of -a. canvass by delegates. Mr Edward Walter (Toko) remarked that the Press had given the matter loyal support, and had written articles urging the fa miens to support the project, but the response had been, very poor. Many had taken shares on the basis of one for every hundred acres, whicli he considered was unreasonable. After considerable .discussion it was resolved that the delegates should be given another fortnight jn which to canvass, and that thereafter paid canvassers be appointed.

On the motion of Messrs M. Fleming si>id Jones it was decided to appoint an executive of seven, the following being elected: Messrs J. T. Quinn, Newton King, Arthur Morton, A. W. Budge, W, A. McCutclian, J. W. Martin, and M. Fleming. It was resolved to arrange an imprest supply account with the Bank of New Zealand, the cliairman and Mr Newton King offering themselves as guarantors.

Mi- Morton moved that the company proceed to allotment when a minimum of 8000 shares has hecn applied for. This was seconded hy Mr Scott and carried, after an amendment for 9000 ■shares ■ proposed by Messrs Best and Sole had been lost.

'The basis of payment suggested by the'provisional committee, viz., (is on' allotment, (is on application, and Gs at intervals over a period of two years until £-‘5 is. paid up, was adopted. It was resolved that the holding of live shares or more should be a qualification for a seat on the directorate. On the motion of -Messrs Halcombo and King, three hundred was fixed as the maximum number of shares that one shareholder could hold.

v With a view to preventing the accumulation of a number of small shareholders’ interests, Mr McCutchan moved that no one ho allowed to purchase the shares of more than three shareholders.—This was carried.

The district was apportioned for canvass by delegates, results to bo forwarded to the Secretary, Mr F. I*. Uniackc, at Stratford, before May sth/ ,