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A special general meeting of the shareholders of the Peninsula Sale yards Company was held in the Com pany's Office, Duvauchelle, on Friday. i Present—Mr R. Latter, chairman of directors (in the chair), and Messrs R and J. Stewart, M. and R. A. Petti | grew, E. E, Lelievre, T. W. Wilkins, I W. Williams, and J. D. Bruce. j Tbe meeting was called to consider rescinding the resolution passed at thf

annual general meeting to hold mid monthly safes in each month excep January aud February. The chairman (Mr R. Latter), reported that a deputation of auctioneers from Christehurch had waited on the directors in December, and asked tbem to discontinue holding midmonthly sales, as they found it diffi cult to attend and they spoilt tbe monthly sales. Mr Lelievre said he thought tbe shareholders had made a mistake at the annual meeting in deciding to hold fortnightly sale?. Mid-monthly sales were only necessary in August and September, when the springers were coming in. It was a mistake otherwise to hold fortnightly sales. The Duvauchelle sale was one of tbe best store'cattle sales in the province. The mid-monthly sales only spoilt the monthly sales, and they divided up the number of cattle that would come forward at the monthly sales. Two indifferent sales would prevent the dialers and buyers attending. It was bis opinion that it would certainly

kill the saleyards altogether if fortnightly sales were held. If the auctioneers have a number of cattle, to sell there was nothing to prevent them holding an extra sale when it was necessary. He moved that the motion to hold fortnightly-sales be rescinded.

'Mr motion, The chairman said personally, a's an auctioneer, the mid monthly sales meant extra bother, but in the proceeding two years tbe receipts of the yards had been (1912) £130, compared '(1918) £80. The company had to pay the mortgages on their land and building, and they could hold midmonthly sales with little expense The fortnightly sales would pay the company handsomely. The company had started them during the strike, but unfortunately they had been a failure. He was entirely in the meet ing's bands. Tha extra expense to the company for fortnightly sales was only 83. He knew, that the Christchurch auctioneers would naturally object as it cost them £5 to attend. If they bad cattle in the yards every week they could sell them. Mr Lelievre said the outside dealers would not attend, and they would not get the local people to attend, Mr R. A. Pettigrew opposed the mid monthly sales. He thought the matter of holding extra sales should have been left to the directors. It should be left to the directors to hold mid-monthly sales when necessary. Mr Bruce said he would not say anything that would reflect on the directors. He thought that the resolution should be deleted, and then it would be in the directors' hands to hold mid monthly sales when necessary. The motion to rescind the resolution j was carried unanimously, and a vote of thanks to the chairman terminated the meeting. )

R. Stewart seconded the

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Bibliographic details

QUESTION OF HOLDING FORT NIGHTLY SALES., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXII, Issue 4363, 13 January 1914

Word Count

QUESTION OF HOLDING FORT NIGHTLY SALES. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXII, Issue 4363, 13 January 1914

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