SALEYARDS COMPANY.

Press, Volume LIII, Issue 9338, 12 February 1896, Page 5

SALEYARDS COMPANY.

The twenty-second annual meeting of thCanterbury Saleyards Company was held yesterday afternoon; Mr W. Henderson, Chairman of Directors, presided. Tbe annual report was as under :— The Directors, in submitting the balance sheet and statement of profit and lobb, Con* gratulate the shareholders on the improved position of affairs upon last year's statement, and as the condition of the yards and the increased.accommodation for fat stock has been well considered and carried out during tbe past year, they trust for a still more hopeful future. Extensive repairs have been effeoted at considerable cost, but the extra facilities of yarding/ and, generally improved condition 01. tbe pens prove that such was muoh needed. Notwithstanding this expenditure, it has been deemed advisable to write off from buildings account the sum of £200. The profit and loss statement, after providing for the above and an interim dividend of 4 per cent., leaves a balance of £675 9s ld to be dealt with, whioh is recommended to be appropriated aa follows:—To payment of a dividend of 5 per cent, on the paid*up capital, making a total dividend for tbe year of 9 per cent., £637 10s; to carry forward to new account, £37 19s ld. Total, £675 9s ld. The stock passed through the yard* showed a considerable improvement all round. The following are the totals yarded:—s3s,626 sheep, 23,232 pigs, 18,988 oattle. The dividend, if approved, will be payable on and after Tuesday, the 18th February, 1890. The profit and loss account showed as receipts of yards and other fees £1999 9s 3d, rents and interest £570 18. 3d, transfer fees £1 12s 6d, total £2,572 ; the expenditure was £1414 lis 4d, the chief items of which were wages,'&.., £318 3s, repairs, See., labour and cleaning. £581 6. 2d, rates and taxes £147 4s 3d, leaving a balance carried down of £1157 8s Ba. By balance gross income £1167 8s Bd, by balance from 31st December, 1894, £-_*5 10s 5d—£1822 19. Id. less dividend 5 per cent, for December, 1894, £637 10s; few dividend 4per cent, for June, 1895, £610— £1147 10s ; balance to capital account £675 9s ld. . . The Chairman moved the adoption of the balance sheet and report, arid in doing H said be bad to congratulate the Company,on a very successful year. Mr Thos. [Rows seconded the motion*, which was carried unanimously.

MeßsrsE. Ot. Staveley and F. O. Murray were re-elected Directors for the ensojag year. Mr A. M. Ollivier -was on a ballot appointed Auditor for the year. It was decided that the remuneration to the Directors should be increased to £100, to be divided in the usual manner.

The meeting rose after votes of thanks bad been passed to tbe Directors. At a meeting of Directors held subsequently, Mr W. Henderson was elected Chairman for tbe ensuing year.