WINCHESTER JAM FACTORY COMPANY.

Temuka Leader, Issue 1821, 27 November 1888, Page 3

WINCHESTER JAM FACTORY COMPANY.

A meeting of the shareholders of the above proposed company washed ast eveniog at the scLoolhouse Winchester Mr J A. Young occupied the chair, and about 20 shareholders were present. The minutes of the previous meeting were read and confirmed. . WB The minutes explained th.t the obj.o nf fhfi meeting was to ch the name of .1t "p.n, t> .. to to .ddTo the jam tota"? "t” 1 '“"“S ''S-’b. A. Barker ~.n?.st«d that it wa. iui av. •». ■ ame 80 as to embrace 6 the atotine of grain. “ b y •>“< Me’ftodo.Ueon, eed be thousht Ihe, Toold extend tb. (..«•- *= Mr John Pye was opP° B ® a , to * ne change, aed all the people he had spoken to were of the same mind. It was bard to see-fruit coming frem Taemama. and he felt sure it would be better to stick to thought if some other industry were included more shares could be sold. Mr W. E. Barker did not think there was any danger to the fruit industry in a change of name. The fiuit industry would not be put aside for any other, but the manager would not have work all the year round at making ]am. He would be half his time idle, and it would be better to embrace other things, so as to give him constant employment. Farmers believed in nothing but gram, and it might be as well to try to get them by showing them that their grain would be stored. ... Mr J. Pye suggested that a resolution should be carried, making it imperative that the fruit should be the first industry K taken in hand. Mr R. A. Barker said they must remember there was not money enough at present to do anything. Mr J. J. Ellis said that one store and one manager would not do for jam and grain, aa both the fruit and gram would came in at the same time. The shares bad been taken up on the strength of a jam factory, and be did not see how they could depart from that now. f* Mr R. A Barker said that enougn of shares had not been taken up. What they wanted was to secure the land until enough shares could be floated. Mr J. T. M. Hay hurst objected t.o altering the name, and urged that it was quite needless. The storing of grain would not pay. They had now been going on for two years without success. They made a mistake if they thought they could start a grain store .with £IOOO. They would require £SOOO. They could have the land so far as he was concerned, but it they changed the name be would withdraw from the company. Mr Lewis did not think the alteration of the name would matter much, so long as the fruit industry was given foremost Pl Mr Harrison then moved and Mr Carston seconded —“That the name be altered,” and after some further discussion this was carried by 11 votes to 8. A long discussion took place as to the name that ought to be adopted. Mr Lewis moved that it be called tbe Winchester Farm and Garden Produce W Preserving, Storage, and Export Company. The motion was seconded by Mr Carston. * Mr Ellis moved—* * That it be called the Winchester Industrial Company,” but this was net seconded, and lapsed. Mr W. E. Barker moved aa an amendment- “ That it be called the Winchester Fruit Preserving, Farm Produce Storing, and Export Company.” Mr Deßenzy seconded this, and on it being put to the meeting was carried by 12 votes to 8. ... Mr R. A. Barker moved a resolution to the effect that any shareholder desiring to have his money returned to him should get it, less expenses. The chairman said the meeting had been called for a special purpose and did not think it was right to put this to the meeting. . , After some discussion, it was decided not to put the resolution to the meeting. Mr Barker moved—“ That after the company is floated any money which may remain on hand be placed on deposit. Mr Deßenzy seconded the motion, Mr flayhurat said the best they could was to wind up tbe old company and make a fieab start. It was wrong for them to go bn after changing the name and scope of the company. They would have to get a new prospectus, a new broker, and begin everything afresh. ■ The resolution, on being put, was carried. . , .... The meeting then adjourned, with the usual compliment to the chairman.