Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Welcome For Wool Board Referendum

07 April 2002

Meat & Fibre Producers Welcomes Wool Board Referendum

NZ Meat & Fibre Producers Chairman Murray Taggart has welcomed the announcement by the New Zealand Wool Board that it will hold a referendum on its proposed restructuring plans over the April / May period 2002.

"It is very pleasing for levy payers to see some tangible progress towards the restructuring of the Wool Board," said Mr Taggart.

"Late refinement of the Board's restructuring proposals mean its plans are more or less in line with NZ Meat & Fibre Producers' position. We would encourage all farmers to participate in the referendum."

"The referendum will give growers the opportunity to have a say on some important issues, including confirming that they want the Board wound up and deciding on the future tradeability of shares in the proposed commercial venture Wool Equities Ltd."

According to the Wool Board, it expects to post out the referendum papers and supporting information memorandum late April with referendum papers due back to the Board in late May. Growers should check the information pack for the referendum closing date.

"It's important that growers take the time to understand what the Board is proposing and participate in the referendum. By returning the referendum form growers will also effectively be taking the first step towards registering their interest in the future distribution of reserves," concluded Mr Taggart.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news