MEETINGS OF SHAREHOLDERS.

Daily Southern Cross, Volume XXVIII, Issue 4605, 28 May 1872, Page 3

MEETINGS OF SHAREHOLDERS.

Pauline Goldmining Company. —A *ueotiug of the shareholders of this company was held yesterday ia the oiiico of the coiiiuauy, Insurance Buildings. There were a fair number of shareholders in atteudance, Gaptaiu Thorapaon iv the chair. The di aft rules were read, The company was formed to last for a period of 99 years, and the capital fixed at £7,500, in 7,500 shares of £1 each, 12s. 6d. to ho consideied as paid up. The number of the board of directors was fixed at five, together with a legal manager ; aud Mr. Davies was appointed the first legal manager. The annual meeting was appointed to be held in the month of May in each year. It was agreed that an extraordinary meeting could be called <vt the request of ten shareholders holding not less than 2,000 shares amongst them. Not less than five shareholders are to be required to form a quorum, the chairman to have a deliberative and casting vote. Shareholders are to have a vote for each share held by them, and the same privilege is to be extended to pioxy votes, but no proxy shall bo exercised by other than a shareholder. The qualification for a director was fixed at being a holder of 50 shares. —The following gentlemen were elected the first board of directors : —Messis. J. F. Clark, J. Grant, R. D. Thompson, Thomas Ciaig, and E. B. Itobinson. The directors were limited to entering into contracts to the amouut of £500, and contracts iv excess of that amount will have to be submitted to an extraordinary meeting before being entered into by the directors. Three to be a quorum in the board of directors. The transfers are to be charged 2s. 6d. for each transfer. The calls not to exceed Is. per month, and for the first two months the calls not to exceed 6d. per month. .Dividends are not to be paid out of the capital of the company. — The rules, aa amended were adopted, on the motion of Mr. Clarke. —A vote of thanks to the chairman was then passed, after which the meeting separated. The Venus Goldmining Company. —An extraordinary meeting of the shareholders of the Venus Goldmining Company was held yesterday afternoon in the Queensferry Hotel. Mr. Cooper was called no the chair. There were a good number present, and the meeting waa a somewhat stormy one. —Mr. R. McTavish moved, " That the company be reorganised upon the following basis ;—Each holder of a paid-up share in the original company shall be entitled to have shares of 20u. each (10s. of which is paid up) in the new company; and each holder of a contributing share, upon which 10s. is paid, together with the 2s. call now outstanding, making in all 10s., shall be entitled to one full share of 205,, of which 10s. shall be paid up. The capital of the company will then consist of 5,000 shares of 20s. each, 10a. paid up." Mr. Appleby seconded the motion, which was agreed to. —Mr. Burt moved, " That the directors be authorised to wind up the company, and to re-form the same, in accordance with the resolution just passed." —Mr. Bell seconded the motion, which was agreed to. —A vote of thanks to the chairman terminated the proceedings. Mutual Mining Investment Company. ■ —A meeting of directors of this company was held last night at the office of the company, in the Insurance Buildings—Mr. Cass in the chair. There was a full meeting of the directors, »nd it was resolved to pay a dividend o! 10s. per share. By the rules of S this company a dividend can be paid only from the 'dividends received from the various companies in which shares are heldj and, as this dividend has been declared after all the expenses of the company and calls on shares!, • have been paid, it may be regarded as showing a very satisfactory result. Besides the dividends received, considerable prdfit3 havfe. accrued from the 1 baying and selling of sharep which by the rules of-the company are oarried to capital account. The dividend was made payable on Thursday, the 30th instan^,' • and the* half-yearly meeting for the electioji < of directors and, the consideration'of 'general business was fixed for that day week. ] .

" It* ail ill wind that blow* nobody good "—By tbii w« mean that ibmebody la benefited bj; eyery current. Let' one of th»»e Mpby/tMwaft you to the door Baker, JMMl^r,.Vl6tori»-itreet, opposite the Kojral laiS. HoWlyou TriU not regret It.H Adv.)