A meeting of the Scottish Combworks Co., Ltd was held on Saturday forenoon in the Imperial Hotel. Mr George Gordon, timber merchant, occupied the chair, and all the directors were present, including the Birmingham members of the board, Messrs Charles Raineford, jun., and Mr W. T. Brooks.
The secretary, Mr J. Stewart Watt, advocate, read the notice calling the meeting.
The Chairman, in moving the adoption of the report, which has already been published, and which recommends the acceptance of the terms suggested by the Aberdeen Combworks Company Lid, lor amalgamation with the Aberdeen Combworks Company, Ltd, said that while he regretted the results of the year’s trading, it was unnecessary for him to enter fully into the conditions that had led up to the unsuccessful operations of the year, as he had fully explained these at each informal meeting of the local shareholders held some time ago. He then briefly explained the conditional agreement that had been come to with the Aberdeen Combworks Company, Lid, and concluded by formally moving the adoption of the report.
Mr R. G. Wilson, architect, seconded the adoption of the report, which was unanimously agreed to without further comment.
At the close of the above meeting an extraordinary general meeting of the company was held for the purpose of considering and, if thought fit, passing resolutions which had been drawn up bearing on the amalgamation of the two companies. Mr George Gordon again presided.
Mr James Leslie, builder, Fraser Road, moved the first resolution as follows: That it is expedient to effect an amalgamation of this company with the Aberdeen Combworks Company, Limited, and that with a view hitherto this company be wound up voluntarily, and that Mr George Gordon, timber merchant, Aberdeen, and Mr John Thomson, University Press, Limited, Aberdeen, be, and they are hereby, appointed liquidators for the purpose of such winding up.
Mr Oharles Rainsford, jun., seconded the resolution, which was unanimously adopted.
Mr W. T. Brooks, Birmingham, moved – That the conditioned agreement submitted to this meeting be, and the same is hereby approved, and that the liquidators be, and they are hereby authorised pursuant to Sec. 161 of the Companies Act, 1862, to adopt the said agreement and carry the same into effect, with such, if any modifications as the said liquidators may think expedient.
Mr John Black seconded the resolution, which was unanimously adopted.
The only other business before the meeting was the nomination of a director from the Scottish Comb Company to the board of the Aberdeen Combworks Company, Limited, and Mr George Gordon was unanimously appointed by the meeting.
The resolutions above given are to be submitted at a second extraordinary general meeting to be subsequently convened.
This was all the business.
Source : Aberdeen Journal, 1903
