MEETING OF NEW ZEALAND SHIPPING COMPANY.

Daily Telegraph (Napier), Issue 3770, 15 August 1883, Page 3

MEETING OF NEW ZEALAND SHIPPING COMPANY.

CHRISTCHURCH, This day

At tho Noav Zealand, Shipping Company's mooting yesterday the Chairman stated that Shaw, Savill and Co. bad been invited to join in a monthly lino of steamers between England and Ncav Zealand, but had declined, and tried to delay tlic scheme. Tho company's steamers and three sailingvessels had "taken 49,090 frozen sheepjind 25,000 werenoAv loading in the British King and tho Catalonia. Tho company were "•oiling iicav steamers, tho first of Avhich woubfbe launched on August 22nd. This was the Tongariro, a. model of Avhich Avas before tlic mooting. Her speed was to bo twelve knots at sea, and sho was expected to make the passage under fifty days. The passenger traffic was increasing ; the lonic had 130 paying third-class passengers. The refrigerating AVorks had not been able to supply sufficient numbers of carcases, but increased facilities avci-o uoav being afforded, and they could load three thousand a day. The Chairman mentioned the offer made to the Government, and complained of Mr Levin making a lower offer to prevent tlie recommendation of the Government being confirmed. Ho regretted tho loss "of the AVaitara, but the loss aat.s covered by insurance Since Juno last year sixty vessels had been sent from Homo, of 0851 tons not register, carrying 90,511 tons and 2222 passenger. From the colony the company had sent 40 ships, of 42,664 tons register," Avith 3241 passengers. The report and balance-sheet Avoro adopted. Mr M'Clashan, of Dunedin, in moving the reelection of the retiring directors, expressed a Avisb that Dunedin should bo represented on the Board. Ho believed that the Albion Company had 110 intention of running strainers to Ncav Zealand. Tho Chairman replied that there avus no objection to the appointment of a local director, but the central Board, now that telegraphic communication Avas so easy, Avas found to Avork well. In reply to a question as to loss on grain charters, the Chairman said that, making allowance for all contingetvies, a clear balance of .£30,000 remained available to ileal AA'ith. The retiring directors ancl auditors avctc re-elected, and votes of thanks to the directors and tho officers afloat and ashore were unanimously carried.