Southfields Investments Ltd., 1952-2002
- PA 65
- Corporate body
- 1952-2002
Southfields Investments Ltd. (S.I.) was a joint stock company established in Regina, Saskatchewan that was incorporated and registered in Saskatchewan under The Companies Act on October 7, 1952. When it began, Southfields Investments was to have five primary objectives. Firstly, to manage (invest, sell, and exchange) shares, stocks, bonds, debentures, debenture stock as issued or guaranteed by any corporation, company, chartered bank, association, partnership, syndicate, person or governmental, municipal or public authority, domestic or foreign. Secondly, to invest and lend money at interest. Thirdly, to promote, organize, manage, or develop or to assist in the promotion, organization, management or development of any corporation, company syndicate, firm, partnership or enterprise in which Southfields may be interested or in whose securities funds may have been invested. Fourthly, to acquire, hold or otherwise deal in personal property in particular as it relates to contracts, annuities, patents, licenses, and securities. Lastly to procure capital, credit or other assistances for establishing, extending or reorganizing any enterprise or industry. Although the direction of the operations of Southfields rested with its directors and officers (president, vice-president and secretary), the acquisition, selling, or transferring of securities were handled by an outside agency such as James Richardson & Sons Ltd.; and Wood Gundy.
The first directors of Southfields were William Hipperson and his son Donald Kemp Hipperson, with William serving as President, Secretary, and Chairman of the Board of Directors until his death in 1966 and Donald as Vice-President during the same period. Donald Hipperson subsequently became President and Chairman of the Board of Directors in 1966 and Margaret Hipperson, widow of William Hipperson, served the remainder of 1966 as Vice-President. In 1967, Nancy E. Hipperson, wife of Donald Kemp Hipperson, became a director and the Vice-President of Southfields. Nancy Hipperson resigned as a director on March 2, 1984, but remained identified as Vice-President until 1986; thereafter Donald Hipperson was the only director of Southfields until March 31, 2002, when Southfields Investments Ltd. was struck from the Business Corporations Register in Saskatchewan.