Default

Default

This article displays in one automatically-generated column. View the full page to see article in its original form.

ANNUAL MEETING OF THE N.Z. SHIPPING COMPANY

Christchurch, Aug. 12. The annual meeting of the New Zealand Shipping Company was hold at noon to-day, Mr. J. L. Coster, Chairman of Directors, presiding. The annual report was read, and the profit and loss account showed a credit balance of L 37,297, of which it is proposed to carry L 20,000 to the reserve fund and pay a dividend of 10 per cent,, absorbing L 12,500, the balance to be carried forward. The Chairman, in moving the adoption of the report, congratulated the shareholders on the result of the business during the past year. He referred .to the rise in freights, which had been general all over the world. Dissatisfaction had been expressed at the Company’s charges, but these really were less than in Adelaide. The directors were determined to look first to the interests of the shareholders, but would not forget the producing interest of the colony. The contract with Government had been renewed, and the ships had been kept in first-class order, and had been well sailed. Advices from London stated the Company’s ships were brought in there in equal condition to any ships arriving at that port. The "steamers Durham and Northumberland were coming to Lyttelton, the latter under the Company’s flag. The directors, however, did not intend to embark in a steam venture ; one reason being a revolution in motive power probably approaching. The directors only chartered the Northumberland to prevent competition. The report and balance-sheet were adopted, and the retiring directors and auditors relected.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item
Bibliographic details
Word Count
257

ANNUAL MEETING OF THE N.Z. SHIPPING COMPANY Ashburton Guardian, Volume 1, Issue 139, 14 August 1880

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working