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The balance sheet and directors' re pork were adopted. They are as fol lows:—

It was decided to pay a dividend of 50 per cent, on the paid-up capital. The question of holding foitnightly sales was discussed at length. Ut B, Stewart moved, and Mr W.

The annual meeting of shareholders of the Peninsula Baleyarda Company was held at the company's offices, Duvauchelle, on Friday, when Mr R. Latter was elected chairman, the following shareholders being present :— Messrs W. W. Williams, E. Hay, T. W. Wilkins, Jas. Pettigrew, tt. A. Pettigrew; B. Paton, G. Vogan, T, Stewart, A. Macphail, W. Crotty, J, Stewart and 0 W, Leete (secretary).

Capital Account—3so Bharoa at £2, £700. Calls paid £030, uncalled capital £09 Ids, Mai £700. ' Profit nnd Losa Aooount—Depreciation, Written off, £00, wagon £18, general expenses £24 6a 2d, petty eaoh £2, interest £28 Us od, dividend £IJI 10s, balance £8 8a fid, total #172 108 Id. • Balanoe £05 17a dd, yard fees and paddock lag £81 2a *Jd, renin £25 10s, total £172 101 Id, . _ ■ Liabilities-Calls paid £030 4s, loan on mortgage £500, pr fit and less account, balance to credit £8 8a sd, total £1138 12b Sd. , , , ABsets-Propeity £1181 7a 2d, leas depreciation written off £00-£U7I 7a 2d, crl btlanoe Bank Now Zealand £H7 03 3J, toto. £1138 12s fid. , , Cash Account-Receipts: Credit balance October 1, 1912, £84 Hi 2d, yard fees and paddookinß £81 2s «J, rents £25 10s, total 4101 6i lid. Expenditure— Amount paid oil mortgage £00, dividend £31 10b, wages £18, interest £18 5b Od, bank tea 10a £28 15a Od, printing nod advertising £4 10a, rates £1 14j lid, BUmpu and stationery £1 Hi, audit £2 2d, income tax £4 83—£6 ss, insurance £1 4-1 Od lioenao 7s—£lllaljd, labour and material £10 0j Dd, or balance bank of N Z, £27 5-j U, total £191 63 lid. "Tne etutenient of accounts submitted herewith for your oonaideration shows that the past yuur's operations have not been so BftHKilaotory as usual, the yard and paddock feoo amou'-ting to only £81 2a 9d, and the quaution of holding regular fortnightly sales will be brougnt oefore you at tno meeting, due notice of motion in that direction having been giv.n, Your direotora recommend paying a divldent of 5 per cent on the paid up capita. The directors who retire by rotation oo Messrs James Pettigrew and/1' W. Wilkins, both of whom are eligible for meleotion, and have given tho necessary Botloe— Itr-BURX Latter, Cbarman."

Crotty seconded, that a mid-monthly sale bo held in every month except January and February; Tbe motion was carried by 7 to 4. Messrs T. W. Wilkins and Jas. Pettigrew, the retiring directors, were elected, and Mr H. W. Wilkins was elected auditor. Mr J. H. Williams moved a very hearty vote of thanks to tho directors and secretary, who had carried out the company's affairs during tho past ytar. Seconded by Mr G. Yogan. and j carried The chairman replied suitably, I thanking the shareholders for their (vote of appreciation of their labours.

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Bibliographic details

PENINSULA SALEYARDS COMPANY, Akaroa Mail and Banks Peninsula Advertiser, Volume LXXI, Issue 4348, 11 November 1913

Word Count

PENINSULA SALEYARDS COMPANY Akaroa Mail and Banks Peninsula Advertiser, Volume LXXI, Issue 4348, 11 November 1913

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