To paraphrase that classic old tune, it’s going to be “a helluva
time in Pomona Valley” this week as the membership of the Citrus Growers’
Association is staging a two day demonstration in front of the Citrus Company
of Belize Facility on the Stann Creek Valley Road. The event is being staged
to coincide with the visit of Richard Cozier and Sir Allan Fields and other
officials from Banks Holdings Limited in Barbados. They sit on the board of
the Citrus Products of Belize Limited and represent Banks’s 47% interest.
They are here for a board meeting which is scheduled for tomorrow afternoon
in Belize City.
But the Citrus Growers Association – which owns the majority shareholding
of 51% - is determined not to make their visit pass smoothly and has planned
what is being called a peaceful and law abiding demonstration.
As we’ve reported, the Citrus Growers Association holds the position
that as the majority share-holder they reserve the absolute right to appoint
and remove their directors. But they have been unable to move Henry Canton,
Michael Duncker and Frank Redmond – who nominally represent the growers
but say they must act in the interest of the company not the CGA. That’s
where the line is drawn and tomorrow it will extend to the Stann Creek Valley
Road and we’ll have coverage of that in tomorrow’s newscast.
Email
Print