THE TAKAPUNA TRAMWAYS COMPANY.

Auckland Star, Volume XLVI, Issue 111, 11 May 1915, Page 7

THE TAKAPUNA TRAMWAYS COMPANY.

MEETING OF SHAREHOLDERS. THE CHAIRMAN'S REMARKS. Tho annual me.ot.inj; of shareholders of the Tnkapuna Tramway* and Kerry Company was lipid at the Kerry Buildings this afternoon. Mr. .lohn ' Brown, chairman of director?, presiding. Mr. Brown eaid that, as the report and balance-sheet, wiiicli hod been in the hands of th<> shareholders for some time, presented a full statement of the company's affairs, it was not necessary for him to fro fully into detail-. "The profit for the year." he said, "is somewhat less than Hint of the previous year, though the ineomo showed the substantial inerea-e of s; 1."47. This was mainly mvounteil for hy the war depression causing a considerable reduction in the holiday tratlio. nud more especially in the tourist trafTi.-." Fuel had eon more, and other charges not occurring in previous- years had to be met. A very satisfactory feature \vn< the steady increase in the passenger traffic. the result of the steady settlement of (he district, which promised in normal time., to expand rapid!', and a much larger trallic at comparatively I small additional cost to the company. I The wharf charges had for the pr.-seiit hern definitely fixi-d. but. Mr. Brown concluded. "I hope the Harbour Board will soon see its way to favourably consider a proposal for n substantial reduction." The report anJ balance sheet were adopted. Mr. Paul Hansen seconding the chairman's motion to this effect. Messrs. n. milill.'i ami K. Mitchrlson were re-elected to the Hoard of Directors, and Mr. \V. R. FTolmes was re-appointed | auditor '.n the company. The shareholders present passed cor dial votes of thanks to the stafT an.l to tho directors of the company for tlieir services during (lie year.