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The annual meeting of the above company was held iu the company's office, Princes street, yesterday afternoon. Mr J. P. Maitland (chairmau of directors) presided, and there was a small attendance of shareholders. The directors' report read as follows: The directors beg to submit balance-sheet and revenue account for the twelve months ended' 3Jth September, 1897, which, they are pleased to say, shows an improvement in the revenue received as compared with that for last year. The balance to dehit of profit and loss (which nt 30th September, IS9G, stood at £SSB 3a 3d) ia now reduced to *2l Is lid. This debit would have been still further reduced but for absolutely necessary expenditure in repairs to buildings, etc. The ground and buildings—with the exception of the old tennis pavilion, which is in a bad state—are now in fairly good order, and should not require further expenditure for some time. The increase in revenue was derived mainly from the Otaco Cricket Association, who held three matches on tho eround, and the Otago Rugby Football Uoion, who leased the ground for the football season. The directors trust that this latter body may see its way to continue its support in the future. During the year the directors entered into negotiations with the Dunedin Cycling Club regarding improvements to the track, which, they are sorry to say, came to nothing. It is much to be regretted that this track, which has cost the conipiny over .£350 should be entirely unproductive, but it is absolutely impossible for the company in the present state of its finances to undertake the expenditure necessary to bring it up to the present requirements of cycling. The accounts have, as usual been audited by Mr 1 Cargill, to whom the thanks of the shareholders are due for his honorary services. . The Chairman, in moving the adoption of the report and balauce-sheet, referred to the loyal support given to the company by the Cricket Association and Carisbrook Cncket Club, also to tho fact that tho.'Otagb Rugby Football Union had bestowed a share of their patronage on the ground, which support he trusted they would continue. He regretted that the negotiations with the Cycling Club for improvements to the track had fallen through, and hoped that ere long some arrangement might hs come to by which the track could be brought up to-date.-It was quite impossible, however, for the company- to do it in its present financial state. ' MrQ. W. Rattbay seconded'the motion, which was carried. Mr A. Cargill was reappointed auditor. -

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Bibliographic details

Evening Star, Evening Star, Issue 10461, 3 November 1897

Word Count

DUNEDIN AMATEUR GROUND COMPANY. Evening Star, Issue 10461, 3 November 1897