NEW ZEALAND CANDLE COMPANY.

Evening Post, Volume LXX, Issue 35, 10 August 1905, Page 6

NEW ZEALAND CANDLE COMPANY.

A meeting of shareholders in the New Zealand Candle Company (Limited) was held on Tuesday afternoon, Mr. N. Reid presiding. In moving the adoption of the i report and balance-sheet, the chairman stated that the past financial year had been an unsatisfactory one for trading — the ■worst of many bad years experienced since 1900, when the duty on candles was remitted. Operations in the tallow department for the past year did not compare favourably with the preceding one. .The reason for this was that the price paid for the raw material, through excessive competition, was high, whilst the prices realised in London were particularly low. Mr. Beauchamp, in seconding the motion, expressed regret at the unsatisfactory result of the year's working, but said this result was'looked for in view of the very substantial reduction made in tho duty on candles in 1900. It had been an uphill fight for the company since that date against the importations of English, " Burmah, and American candles. The protection afforded tho locally-made candles was insufficient. All other similar companies in New Zealand were in the same ■unfortunate position as the New Zealand Candle Company. Unless more protection is afforded the industry in the colony, declared Mr. Beauchamp, it is bound to go to the wall. An endeavour should be made prior to the general election to make tariff reform one of the main planks of the political platform. The total debit balance on the year's trading was nearly £200. This, included directors' fees, •whichj however, had not been drawn for the pant .six months. Mr. Kerumly,/. 6peaking as a considerable shareholder, considered the immediate prospects were not encouraging, and that, if there was no prospect of the tariff being altered;" he would not be warranted in supporting a continuance of the company. He would prefer to see tlio company wound-up within the near future. The motion was carried. ■Messrs. M. Kennedy and D. J. Nathan, the retiring directors, we're re-elected, and Mr. A. S. Biss was appointed auditor.

Inspector Elison received a message from Eketahuna this morning stating that the public school at Hukanui was destroy,ed by fire last night.

LATE SHIPPING. ENTERED OUTWARDS. Augiit 10— Zealandia, 6S, 1736 tous, Eutwialc, for Napier, Gisborno, Auckland, and Sydney. Passengers— Saloon : For Napier— Miss Urodie, Messrs. Williams and Shanks. For Giflbnrne— Jlrs. Drumtncnd, Messis. Williamson, Morris, and Pcarce. For Auckland — Mcsdauiei Stuallbone and two childcpn, Lewer, Mes3r«. Bird, Smallbone, Pvrke • S steerage {or all ports. August 10^-Mokoia, ss, 2154 tons, Mormby, for Lyttelton, Dunedin, Bluff, Hobart, and Melbcuinc. For Lyttelton— Misses Joseph, Fitz-gi-rald, Pitcairn, Beigliton and child, M'Kegg, Sowroan, Allan aud child, M'Xair, Summerhall, Mesdames Blakiston, Reid, Galbraith, Reid, Woolvci ight, Logan and child, Sowman, Allan and two children, Chapman, Messrs. Burmp, M - Lcan, Johnston, Buriup, Juat, Walden, Reid, Murray, Henderson, Thomas, Craddoek, Middleweck. Gaffncy, Hughes, M'Mullnn, Be»tty, Ross Fnedlamler, Roach, Ingleton, Galbraith, Propstmg, Maher (2)., Fah.v, Kvans, Jury, Weller, Bnttrl, Pritcliard (2), Levy, Thompson, Lory. For Duuedm — M'«sf3 Cairns and Moorehouse, Mesdamcs Anderson and M'Donald, Messrs. Morgan, M'Donald, Brown, Raleigh (2). ATHENIO AT HOBART. Tho local agents of the Shaw-SaTill Company have been advised that the Athenio, from London via Capetown »nd Hohtrt, arrived at Hobart at 9 o'clock this, morning. The vessel is expected to arrive here on Tuesday morning. Tlie. Union Company advise that the oollier Kotuku is to leave Westport for Wellington to-morrow morning. She will be followed by the Taicri saiPng to-morrow afternoon. Mr. Showman has rejoined the Wamu! is chief officer, r.nd Mr. Cain, late of the Rosamond, is now second officer. Mr. M'Kenzie, act'ng chief of the vejwel, nnd Mr. Howden, acting second, are awaiting instructions. ' It is stated that Mr. G. Bannatyne, Who has been on a holiday visit to London, hai of the Tarawera. BY TELEGRAPH. HOBART, 10th August. Arrived — Athenio (9 «.m.), from London via Capetown. She sails at 5 p.m. to-day for Wellington. The 6teamer has 14 passengers for Australia and 241 for New Zealand. ONEHUNGA, 10th August. Sailed— Rotoiti, f6r New Plymouth and 'Wellington. Passengers : Saloon— Misses Redward, Donald, Bnrrow, Winn, Mesdames Low, Wircn, Hudson, Boddam and infant, Bach, Harrison, Sm.th, Butler, Rudkin, Tate, Messrs. Low, Forrest, Lawry, Lennox, Wright, Martin, Paikmson, Morton, Hayley, Gilmour, Paltie, Butler, Tate, Rudkin, and Major Harris. NAPIER, 10th August. Arrived — Kate Tathani, barquentine (1.40 p.m.), from Newcastle. Ssiled — Star of Australia (1.40 p.m.), for Wellington. LYTTELTON, 10th August. Sailed— lonic (1.20 p.m.), for Wellington. Sailed — Kaipara (2.15 p.m.), for Wellington, DUNEDIN, 10th August. Sailed— Moernki, for Northern poit3 and Sydney. Pnssengrrs for Wellington— Misses Crossley and Blackie, Mesdames Denholm, Hughes, and James, Messrs. Glover, Fraser, Smith, JamM, 'Loclihead. MOTUEKA, 9th August. Sailed— Manaroa (2.40 p.m.), for Wellington.