CHRISTCHURCH TRAMWAY COMPANY.

Lyttelton Times, Volume LI, Issue 5604, 10 February 1879, Page 6

CHRISTCHURCH TRAMWAY COMPANY.

The first annual meeting of ‘the Christchurch Tramway Company was held -on Saturdaymoming at the Exchange. The-Chairman -of thetCompany, Mr,J. ®. : Brown, pnasided, and moved the adoption of I the report, which was ia ithe hands of the ehareholdcoß. In moviijgVhe adoption of - the report and balance sheet, he toqfc the opportunity to inform the shardholdera that the timber for thesleepers and fongitndinalsShad been neadly all supplied. It was being delivered at <the Christchurdli, Papanni, and Addington Stations, so .that' >the permanent way could, if k was thonght idesiraMe, the begun from aiU three stations iat once. A., cablegram had been received, annwmeingthat the steel rails and ironwork would he ebipped i in Jan. The two first steam mOters for tthe. tram would -be oh^iped-from Eondon Jn : March, mid the.shipment would be completed in May. The first carriages wehe to be shipped from New York in Jan. last; And. it was expected that the whole of the ! carriages would be shipped-wxthia'three months. ‘ . Mr Connol seconded the adoption of the report. In answer to Mr E. CL J. Stevens, the Chairman said that (he directors did not anticipate having- to call up moro thanJEl per share during the ensuing twelve months. The motion was then pat from the Chair, and unanimously agreed to. Mr Packer proposed, and Mr Ballantyno seconded the appointment of Mr D. Craig as auditor.

The motion wag unanimously agreed to. The Chairman, before the meeting separated, expressed a hope that at the next annual meeting the same unanimity would prevail as had marked that. ■ He trusted that before the next meeting the directors would have given a practical demonstration of-the advantages of the Company: The shareholders might depend upon the directors doing everything in their ; power to ensure efficiency and economy, not only in the construction but in the management of the tramway. The meeting then separated.