CAMBRIDGE JAM FACTORY.

Waikato Times, Volume XXV, Issue 2099, 19 December 1885, Page 2

CAMBRIDGE JAM FACTORY.

A MEETING of the Ml ireholiior-i of tho abovo company was hold . -it tht> Oddfellow's Hall, Cambudgc, on Thursday afternoon. There w.\>, ii small attendance, Mi T. Wells in the e!i, ui. Tho Ch iirm m referred ;it s( ino lonjjtji to tlie aiticlos of association, and explained tli.it tho business dono at tlio prcuo-is mooting of tin' sliai oln >lclcr-., when the nitielos of associiition weio di-^cussi'd, was souicuhat hutiicdly diino, and thu in.ittcr was to a gieiit extent left in his (thn cliairmin's) li/inds. With a dcNire to .«avii expense to thu company, tho ai tides had bwn drafted to n f^ro.it o\t»'i»t by himself, on Hie hurkostion« p.'issrd m tho foun of losolntions ,it the piovious ])üblic mooting. Thoy had thin -<avod from about £25 to £40. Tho nrticles of association were now all ready to bo nccopted by tho mooting. Mr KiiHHell tlirn proposed and Captain Snuttor Hcconded, "That t.iblo A of tho Company's Act, 18H2, with tho alterations, additions and omissions containing any resolutions from 1A to .">A, should be adop ted, and bocomo tho nrticlos of anocution of tho company. Tho principal feature in tho^o alterations was tho directors might nupply tho company with goods, (ho object being a«

explained by the chairman to prevent any of the director from being unseated if ho were to supply with tli« pound of n.uis or anything else. This was \ory nec°s.,arv, .w'for instance if jMi Slurp, whd «n-> n 1 tho directory, aold .1 quantity of fruit to the company, ho could not be unscited liv the action of some in iheious indh idu U. Tho resolution was then put and earned. Referring ti> the sli.no list Mi Wells said it had been understood tint the company would not start until they hid 1(500 sh ires taken up. They h.id now ]">l"> applied for, and these were, lie resetted to s,n, mostly taken up by tho small people of the district. A. Clarke and Co , of Auckland, had tiken up shines, while Mcsm-. Moil in and Co. h.\d sfiit up t'JO in cash, rcpiesontmg 20 fully pud upsh.vie-. Th1.11") sharps were held by 130 people, winch showed they were nio-tly lives ,md tens Tho dnuctors had pushed the mitter all they could, and he hoped now tint all who wpio able would increase the number of their sh.\re«, and tli.it they would induce theii fiiends to t.ike up the unapplied fur balance. With reference to Messrs Foster and Gosling, Mr Wells said th^e gentleman c.ime highly recommended. The officers of the loan company stated that the quality of their pioductioii was erpnl to .any known. As to the company's lnlul which w.is being punted, it was an exceedingly handsome one. It contained a sketch of To Kouto Lake, w ith S Andrew's Church and Tnnity Olmrch in the background. Their uianu factnro would be known in tho market a< the Like brand. On the motion of Archdeacon Willis, recorded by Mi P. Coopei, it was agieof), "Th.it after heinng the statement of wh.it the direttoia had done and intended to do, the meeting express their thanks to the directors, and their entire satisfaction and confidence in their management." Mr Russell made a few loin.uks stiongly mipDoiting tho foiegoing resolution. Mr Wells replied and ex pi e-sed lusgrp.it satisfaction that what the directors had done had met with the appioval of the shareholders. Ho stated that it was the intention of the compiny to go in for honey tinning. Cxpt. Ddey imde a few remaika on this matter. Jtewas.iskedwh.it price he \v.\s likoly to get for the honey w huh he had reoMitly sent home. He leplied that the piice which li'm^y was at piesent com minding in tl.e Home mirket was 4\d p°r lb. He understood, however, he was likely to gotGd. The opinion of the meeting, howcier, was that Captain Daley was not likely to roceneany Mich figiue. He would most likely only get'M. After some finther discussion of a conversational natuie the proceeding!) termi nated,