COMPANY MEETINGS.

Auckland Star, Volume XXXV, Issue 29, 3 February 1904, Page 6

COMPANY MEETINGS.

AUCKLAND CAS COMPANY. The forty-second annual meeting of the shareholders of the Auckland (las Company vias held on February 1 at the company's offices, Mr. .J. li. Upton (chairman of directors) presiding.

The annual report of the dirr-cton was as follows: '"The prolit ior the yo-ar is £32,02 13/10, which leaves. ; ier payment of the usual dividend, a balance of £7043 IG/7- The increase in the quantity of gas sold is S per cent., and of the value of £570.) 0/7. A sale of shares was made in August htst, when 1208 shares were tendered for at £14 and upwards. These offers were accepted by the board, and yielded £6340 paidup capital, and £11,424 16/3 premium capital. The report and balance sheet were adopted.

Mr T. Peacock seconded the adoption of the report and balance-sheet, which was carried.

On the motion of the chairman a dividend of 7/6 per share was declared on the share capital of the company.

On the motion of the chairman Messrs T. Buddie and A. M. Myers, the retiring directors, were re-elected.

The retiring auditors, Messrs. J. F. Buddie and A. W. Thomson, were reelected, and their joint remuneration fixed at £75.

ACCIDENT INSURANCE COMPANY. The twenty-fourth annual meeting of the New Zealand Accident Insurance Company was held at the Company's Office, No. 109, Victoria Arcade, Auckland, lasc week. The annual report was presented as follows:— Li The directors ha.ye much pleasure in presenting to -the shareholders the twenty-fourth annual statement of accounts, for the year ended 31st December, 1903, and considering it advisable to enlarge the paid-up capital of the Company by £ 12.500, they have made provision for doing so. The capital paid up will therefore now be £37,500. After making full provision for all ascertained losses and liabilities, and transferring £4000 lo the reinsurance reserve fund, which will then stand a-t £30,000, the balance to the credit of profit and loss account is £7.047 4/7, out of which the directors propose to pay the usual dividend of 10 per cent-, of which fid per share was paid as an interim dividend to 30th June last. In accordance with the provisions contained in -the Company's Articles of Association, Messrs C. B. Stone and H. C. Canretire from the Board, but, being eligible, offer themselves for re-election. Messrs C. A. Jonas and S. H. Matthews, the retiring auditors, also offer themselves for re-election. The dividend will be payable on and after the Ist February, 1904. The report and balance sheet were adopted.

WESTPOBT COAL COMPANY. In their report for the year ending December 31st, the directors of the Westport Coal Company state that the profit for the year, after providing for bad and doubtful debts, depreciation, and all charges amounts to £57,011 4/4, to which must be added the sum of £9147 6/10. brought forward from last year, making a total of £06.158 11/2. Dividends absorb £28,000 and a bonus to shareholders, £14.000: £15,000 is added to reserve, and £9158 11/2 carried forward.-