TAUPIRI COAL COMPANY.

Auckland Star, Volume LI, Issue 114, 13 May 1920, Page 11

TAUPIRI COAL COMPANY.

The report and fcalaacMbeet of the Taopirl Coal Mine*, Ltd., was seconded by the Hon. J. A. Tole at yesterday's annual meeting of shareholders and canted unanimously. A abarebolder commended the transfer of a substantial amount to the accident reserve fund. ' ' ■ «„ _ The Hon. E. W. Alteon and Mr. Geo. Wlnetone, the retiring directors, were reelected to the directorate,, and Mr. B. B. Isaacs was Te-appolnted auditor. A hearty Tote of thanks was accorded the general manager, officiate, pad member* of the staff for their eerrices In the pant year. The meeting also passed a. very fcearty »ote of ■ thanks toTne directors. ' . ■ ' ■ M , : An extraordinary general meeting followed to deal with s motion proposing to increase the cum to be annually appropriated among tie nix directors by way of oenoraria from £000 to £800. Mr. W. Duncan moved the necessary alterations to the articles of association to permit of tbli Increased remuneration to the directorate. He pointed out that the duties •ad responslblitles of the directors had .' enormously lncreaied since the early days of the enterprise, while the cost of manage-, ' toent and output bad been extremely eeo- . .aemlcal, while the honorarium of the directors "had remained stationary. .Mr. J. J. Holland seconded the resolution, which was .'Carried unanimously. ■ "