The Wairarapa Daily. FRIDAY, MARCH 31, 1882.

Wairarapa Daily Times, Volume 4, Issue 1037, 31 March 1882, Page 2

The Wairarapa Daily. FRIDAY, MARCH 31, 1882.

Last week a meeting of the directors of the Wellington Frozen Meat Company was Held, at which jt was decided onthe casting vote of the chairman to order £B,OOO worth of machinery, We understand'that eight directors 'were in attendance at this gathering, and jfchatwhilefour v werein favor mediately 6rtlering v a Haslam maoliine, the other moiety of the Board were, •opposed to taking any immediate- aotion in this, direction, As the proceidingg'were unreported the shareholders and the public are not placed in possession of the arguments which were used on either side, it would therefore; at the present ( atage..'-bej almost rash to form or to press any ' opinion on the (point which was discussed so evenly. •: A requisition, 'we understand, is now being sigired asking the directors to convene a meeting of shareholders toj consider the propriety of reversing the order which has been given by the Board. Whetheritheideoision.arrived at by the' casting vote of the chairman be a wise or an unwise one, we think it will be desirable for a meeting of shareholders to be-held.. The Board of 'directors ij IlivldepTon a most important; and essential'point' The ch'airM'a asptioji otityarftaccused of 'befog, indiscreet, and it is3ffl|

section should kve an opportunity of satisfying the shareholders that they have not compromised their interests by any reckless, venture. . It is a matter of regret that at so early a stage in the history,of; the company a difficulty, which almost amounts to a deadlock, should have occurred, but we trust that the shareholders, when they, meet, will be able to clear up the existing difference in a satisfactory manner.