RAKAIA AND ASHBURTON FORKS RAILWAY COMPANY.

Lyttelton Times, Volume LIII, Issue 5953, 25 March 1880, Page 2 (Supplement)

RAKAIA AND ASHBURTON FORKS RAILWAY COMPANY.

. 5 The annual general meeting of shareholders ‘in the-Bakaia and Ashburton Forks/Railway (jompany (Limited) was held at 2 o’clock oh Feb. 27, in the offices of Mr 0. F. Barker, Hereford street, Mr George Hart in the chair. I The following report , was readi | “The directors in submitting theih seboild abnual report have much' pleasure : ;m'con-, gratulating the shareholders on tl}® Opefaing of their line for traffic. The arrangements with .the Government are not yet compieted/and there are minor 'portions of the contract un* finished; I Your • directors, however, .being anxious to facilitate the carriage of groin this season, thought it undesirable to wait for. the • completion of the < contract before opening. The Company’s Engineer 1 ' hW ‘certified ( that the railway is safe for the conveyanebof passengers and goods, and the line has 'also-been inspected by the Government Engineer. During the past year your' directors have

found, I 'it 1 Absolutely necessary in laid iwo, calls; apioputihgto 30a 10s per share, payable on 1,1879(and.. the second of 20a per share, payable on Jan. JU.IBBO. .Theyhftve,^^ believe that It is unnecessary for them ttf. make Any. further oaUs on oxtfting Isharev shoot shovract receipts £6624 7s 4d} expenditure, £6176 8a 4d; balanod, £347 19a. The chialitems-iU the expenses Wore £8396 12s conatruotion account, ana £l6B24ff3’Bdsalaries, ’ - , ‘ . . ' The Chairman moved,, and Mp Caff seconded,, ftdoptioii.df thA report.* If ho motion waa agreed to unanimously; ' T 1 Mefsra G.Harfc, J. fo.Coster, and J.B Taylor, the retiring Directora, wore ro-eleotea foi? the ensuing; year, no_ other gentleman Chairman, seconded, by 1 Mr Passmore, was eltotedaV Auditor/ ‘ ' The sum of £6O having been voted to the Directors Ao remuneration for their services during the past year, a vote of thanks to the Chairman terininated the proceedings.