The Temuka Leader SATURDAY, NOVEMBER 17, 1883. THE REFRIGERATING COMPANY.

Temuka Leader, Issue 1175, 17 November 1883, Page 2

The Temuka Leader SATURDAY, NOVEMBER 17, 1883. THE REFRIGERATING COMPANY.

NeXt Monday has been appointed for the''first annual general meeting -6f the,!shareholders of the above Com- 1 panfi Why Saturday should not have been selected instead is to understand, unless it is that the * big wigs' want it all to themselves. If the meeting were held on Saturday all the small country share-r holders could be present and that might not be found convenient. The site has not altogether been selected yet, the per-, manent directors have not yet been appointed, and other matters of importance;, have not been dealt with, and it is possible that the 'chosen few' prefer managing these things all amongst themselves, than run the risk of holders of a few shares upsetting all their little plans. Perhaps that is the reason why the meeting will be held next Monday instead of a Saturday, but, of course, it is possible that our surmise is erroneous. Still to discuss the subject cannot do harm, while it may probably induce some persons to attend and see that the best men are selected directors and ( the most suitable site chosen. The question .of the site is the most important of all. < It is certainly desirable that a good directorate shall be appointed, but even if a mistake were made with regard to a member or two it could be remedied next election. Not so with a site l . Once a site is selected and works erected thereon it is no easy mattter to change it, as to do so would be a very costly business. This, therefore, is the great question the meeting will bav? to decide, and if they take our. advice the shareholders will throw aside every selfish idea they hold in respect of it, and select a site that will not turn out an' eye-sore' to them. Pareora, we believe, is completely out of the running, unless'it is attempted to smuggle it through at Monday's meeting ; so it is probable that either the Washdyke or another place between that and Tiraaru will be selected. Both these places were, in the beginning, condemned as totally unfit by the Engineer who reported on them at the instigation of the Pareora people, but these gentlemen, finding that there was not the slightest hope for Pareora, discovered that the condemned sites were not so bad after all. In fact they found them so suitable that they wondered why on earth they had riot selected them at first, and to tell them now that by coming a little further north a better site could be got is for more than they could tolerate. The consistency of the Pareora people is something wonderful, but of course that peculiar influence called ' selfishness,' which plays such an important part in every earthly movement, had a great deal to do with directing their actions. Only that we are afraid we should be accused of doing so through motives of selfishness, we should recommend the shareholders either to come themselves, or employ experts to report upon the site that offers itself in Temuka. We have been

assured by competent authorities that it is incomparably the. best in'South Canterbury, and that its only drawback is its distance from the Port of Timaru. The Washdyke and the site in its vicinity, so far as central position is concerned have no rival. Their suitability in that respect is beyond dispute, and we certainly advise the shareholders to select one of them provided they are confidently certain that they suffer from no drawbacks that would militate against the ultimate success of the company. But if it is found that there is a risk attached to them, and that it is doubtful whether they possess all the '' necessary requirements of a site, we ask them not to forget Temuka. These remarks are intended 1 to urge upon 1 shareholders from this district the advisability of attending next: Monday's meeting. Who knows why" Monday has been selected as the meeting day, or what forces Pareora may send to do battle for it ? Let the shareholders from this district therefore" awaken 'to the realities of the case, and let any of them that cannot sttend give their proxies to men on whom they can rely.i With regard to proxies, we refer them to rule 64, under which it is'necessary to have them sent to the office twentyfour hours before the meeting. Everyone who cannot attend next Monday's meeting ought to fill ; in his proxy form naming the shareholder to whom he wishes to give it, and deliver it to-day, Saturday,; at the offices of the Company. Unless they do this their prbxies will be quite'udeless. - We' have placed the matter before our readsrs now in as clear a manner as we can and if they let any advantage slip through their fingers it will not be for the want of retmnding them of their duties' to'themselves andthe district.