CLEVEDON STEAMER SERVICE

Auckland Star, Volume LIII, Issue 142, 17 June 1922, Page 12

CLEVEDON STEAMER SERVICE

ASM Al. MI.KTINii HI-' Mltt'lTDUS. The iiniiiiii' miviitiir nl' the ricvedon Steam N.i.1i.'..1i..n i-..i:|..in.v was held .yesterday ::liern....:i. ih.- 11, ,n. 1:. W. Alis.m. chili nun 11 T!i.. ri-inii-i .-!,..«,.•! 111.11 the eiiliipau.v'.s . [■••rii:l..n- iliiiine ,|„, ~,,„,. |~,s |~,( , „ s() f ., r -ii.ees-i'Ml ;i- !,, in.-tiiv the directors ill 1 ■••• in lidiin: Hi,, iia.vinetii ,c a dividend nt ih. rale ..f nt,. iier eeni pei- annum. Tlie |i--iilll l'-n- ihe j-ear. Including Ihe amount V..ii_hi i.e.. .-in!. .111,1 nilnwlnj. ii moderate -ii - .l.'|.!'eliiti-ni. 11111.Hinted 1.. e-J-.'.-i II :t. v-hli-h the iliri-i-mrs ri-eiininiendeil should lie disposed ..1 a- f ,v.s: Dividend SI".."". .iii-i-i.-d l.ii-wiud '.inn II .1. Tlie ciinpiinv's lilnni .Hid st.-uiiicis v.ie in _oml onler and well maintained. Th-.- icllrlng direct, .rs, M -.sr-. .1. 1.. I'.iii-envne. W. .7. Ilule and 11. Welsh. ~i!Yn-,| ihelliselves for re-election.

In ui-.i-Imc die ai'optinn of Hie report Mini imiiitii-e '-lie.-i ihe ,-luilrlilan said that ll:c Del pi-nlli was £|:_7 M .;. Tn tills had tn he ndilcd '.s.s :; hromrht forward from ih- i-r.-v i.-ii-i vein- niakim; ihe lutnl ri'-J.") I I ■:. The li-mle between Auckland aud I'li'ii'ilnn had 1 11 well iiialntaiiied. more i specially in ininieeilun with freight, bnt ihi'ii- hail 1..--H n fnllinx nil' In the amount i-i-eeiveil from inns .nviiur to i-nnipetltion by ninliii- vehh-le -. Iniriii).' the year stroun icpiescntiiliniis had heen made hv the residing, of Wallakarllin lor Ihe institution of a sienin liii.-ii service. The Minerva was put mi. hut al'lei- live months the service had to 11-ss-isiiilims.il owing to insufficient trade. Kiideavoiit-i had heen made to dispose of the Mine:-v.-i. Inn wlthonl success. The llirere was in ;:.nd order, having heen recently overliaiileil. The Clevedon service had been' carried on in a most efficient manner. tiwlug to the adverse conditions niuler which the farmers were placed the directors were c.nsidei-Ing the advisability i-f making a slight reduction in freight on mc. no res. Notwithstanding the existing depressed running conditions, the directors tlmnghl that the niiilnuk for rile coming yeiii- was brighter. The report and balance-sheet were adopted. and the retiring directors were re-elected. A vole of thanks was passed to the staff.