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CARISBROOK GROUND COMPANY, LIMITED.

o— . I The annual ordinary general meeting of this company was held at the office of Messrs Rose. , Wilson, and Cc, Craw ford street, yesterday, at ( 5 p.m. There were present—Mehsrs J. I. Wait- j land (chairman), J. H. Hocking, A. Cargill, J. J. Mallard, H. Rose, A. B. Johnston, A. V. Smith, and 0. W. Rattray. The report was as follows: I The directors beg to submit their statement for the past year After providing for L662s 2d interest on , n?ortgage and overdraft, LlO depreciation of material LI 49 bad debt, and LS Is lOd towards preliminary . expenses of Danedin Amateur Ground Company the ycai's working account shows a net loss of M 8 4« Bd. Shareholde.e have been made aware by■«™l««s"g i meetings from lime to timo of the necessity which , has led to the offer cf this companys Rwperty toa new company at the price cf the outsido debt upon it. It boing c P ut of the question for this company to carry on longer, an extraordinary meeting will be held at the eloso of the ordinary meeting to pass a windingup resolution and to appoint a liquidator, "will tnen be for the liquidator to give effect to the sale to the new company, and to carry out the HflmdaUon to its final ifsuo-viz., the dissolution of thiß company. The report was adopted. The balance-sheet waß also adopted. An extraordinary genoral meeting of the company was then held to pftHj the following resolution;—" That it has been proved, to the satisfaction of the company, that tho Carisbrook Ground Company, Limited, cannot, by reason of itß liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the company be wound up volun*M?'Rosb made a lengthy statement to the effect that in all probability there would be a small surplus. There was, he assured the meeting, more chance of that than a deficiency. Mr HOHKISG proposed the above resolution, j Mr Haitian D seconded, and it was carried unanimously. I A resolution providing that Mr Rose beaa- t pointed liquidator was also carried. j

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890817.2.25

Bibliographic details

CARISBROOK GROUND COMPANY, LIMITED., Issue 7988, 17 August 1889

Word Count
357

CARISBROOK GROUND COMPANY, LIMITED. Issue 7988, 17 August 1889

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