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The Pamphlet Collection of Sir Robert Stout: Volume 70

Gentlemen,—

We think it necessary in the interests of all concerned that you should be informed as to various recent occurrences in connection with the realisation of the remaining assets of the Company in this Colony.

We consider the action of the Board to be so detrimental to your interests and our own, that we are fully justified in bringing the matters referred to in the following official documents under your notice.

These documents speak for themselves, and any comment on them would be superfluous. We can only say that the experience of all similar companies doing business in the South Island of New Zealand has been somewhat like our own, and we are sure that our judgment as to the best course to be taken in the interests of the Shareholders would be fully approved by all persons who have any practical knowledge of business of this sort, and that the course now entered on will result in very serious loss to all who are interested in a favourable realisation of the Company's property.

Your obedient Servants,

John Reid. Chairman,

James Smith.

Alex. C. Begg,

A. Bartleman,

Late Members of the Local Board of Advicer,

Dunedin,