John Young McDonald (1837-1917)
John Young McDonald was born 8 August 1837 to David McDonald and Margaret nee Dow (c1811-1883).
John Young McDonald was a shareholder in the Phoenix Foundry.
| PHOENIX FOUNDRY.|
PROPOSAL TO REORGANISE.
HOPING FOR ENGINES.
BALLARAT, Monday.-The annual meeting of the Phoenix Foundry was held to-night, Mr. J. Y. McDonald (chairman of directors) presiding.
Mr. McDonald said that increased working capital was necessary, and it was though advisable to close down until the shareholders decided what course they should pursue. The plant was extensive, and required to be fully utilised to give the best results.
Mr. E. Shaw moved-
”That this meeting request that the directors will endeavour to reorganise the company and dispose of the assets, upon such terms that the shareholders shall receive the amount per share determined upon at the meeting of the directors held on 27th ins., and that, in the event of their not being able to do so within one month from this date, the further take the necessary steps to have the company wound up voluntarily.”
Mr. J. Gibson seconded the motion, which was agreed to unanimously.
In reply to questions, Mr. McDonald said £12,000 or £18,000 capital was wanted, and the amount to be realised per share, as agreed upon by the directors, was equal to the amount paid.
Messrs. E. Morey and A. Bell were re-elected directors. As the meeting was closing, Mr. McDonald said he had hopes of Mr. Bent giving further orders for locomotives.
| COUNTRY NEWS.|
BALLARAT AND DISTRICT.
Mr. J. Y. McDonald, M.L.C., is confined to his home at Ballarat with an attack of influenza.
John Young McDonald died 7 September 1917 in his home at 6 Eyre Street, Ballarat (Victoria, Australia). He is buried in the Ballarat Old Cemetery (Area H, Section 9, Grave 2).
David McDonald married Margaret Dow (c1811-1883)
--+ James McDonald (1830-1883)
--+ David McDonald (1833-?)
--+ Donald McDonald (1835-?)
--+ John Young McDonald (1837-1917)
--+ George McDonald (1840-?)
- ↑ The Argus (Melbourne, Vic. : 1848 - 1956), Tuesday 31 July 1906, page 5.
- ↑ The Argus (Melbourne, Vic. : 1848 - 1956), Thursday 5 February 1914, page 11.
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--Beth Kicinski 10:48, 29 January 2013 (EST)