LOAN AND MERCANTILE COMPANY.
RtctM December 23,2 #.in. London, Deceinbei' 22, At tho Meoting of tho New Zealand Loan and Mercantile Agency Company, the report was adopted, Mr Edward Martin, clmii'iuau, said tho Company possessed ample liquid working capital for all requirements. The results of last years operations wont far to preclude the likelihood of tho call of £847,000.' The auditors' report was covered chiefly by the bank's confidential report, and tho directors did not adopt the auditors' figures. On the motion for tho re-election of the auditors, Mr Young said he was willing to act if re-olected. Ho considered such reports to be in the interests of tho Company. Mr Martin complained that the auditors had delayed the issue of the balance-sheet, and declared tho Board would resign if Mr Young woro re-olected,
■ The meeting ultimately elected Mr C. F. Kemp, of Kemp, Ford and Company, in Mr Young's placo.
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Wairarapa Daily Times, Volume XVI, Issue 5212, 23 December 1895, Page 3
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151LOAN AND MERCANTILE COMPANY. Wairarapa Daily Times, Volume XVI, Issue 5212, 23 December 1895, Page 3
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