Farmers’ Auctioneering Company.

Te Aroha News, Volume XXVII, Issue 43113, 4 July 1907, Page 2

Farmers’ Auctioneering Company.

At the annual meeting of . tfte kato Farmers’ Auctioneering Co., held at Hamilton on Tuesday, the directors’ report showed that the business had been carried on by and on behalf of the company since February and that the results since that date had beep so satisfactory that the directors had no hesitation in assuring members that the success of the company was only dependent upon the substantial and continued support of the farmers. The total number of shares allotted at June 8 was as follow ; —To the late firm, Messrs McNicol and Co., in consideration for which is the property, plant, and book assets of the business lately carried on by them, shares, “A ” issue fully paid up ; tp other members the consideration of which is cash, 1350 shares, “A ” issue, fully paid up; to other members, the consideration for which is cash, 1951 shares, “B ” issue, with nominal capital of £46,075 of which £41,030 10s is paid up. Tlije total amount of the cash received by the company in respect of such shares is £7BBI 10s.

The chairman said that since the issue of the report £IOOO worth had been applied for, 80 that at the present they had a subscribed capital of over £47,000, of which £42,000 had been paid up. There were not two companies In the colony in which there was more faith than in this and the Farmers’ Freezing Company with which it was intended they should work hand in hand for mutual advantage.