CANTERBURY SALE YARDS COMPANY.

Lyttelton Times, Volume LXXXI, Issue 10272, 14 February 1894, Page 2

CANTERBURY SALE YARDS COMPANY.

The annual meeting o£ shareholders in the Canterbury Saleyurds Company was held yesterday afternoon, when there was a bare quorum present. Mr W. Henderson (chairman of Directors) occupied the chair. The report and balance-sheet that without up more considerable improvements had been made during the past year by increasing the accommodation, for pigs, and by enlarging the railway-siding stage; the reserve fund has been maintained, and 4100 has been written off the buildings* account. The profit and loss account, after providing for above - mentioned improvements and an interim dividend of 5 per cent, left a balance of 4538 6s Id to be dealt with, which was recommended to be appropriated as follows To payment of a dividend at 4 per cent on paid-up capita), making a total dividend equal to 9 per cent for the year, 4510; to carry forward to new account, 423 6s Id j total. 4533 6s Id. The totals of stock passed through the yards during the year were:—Sheep, 422,105; cattle, 18,724> pigs, 13,831. The Chairman, in moving the adoption of tho report and balance-sheet, said the income for the year had been fairly satisfactory, and, though they had extended the accommodation for pigs, it appeared that further accommodation would be necessary, in view of the fact that- a very large number were coming forward, probably on account of the advent of the pork industry. In referring to the delay which had occurred in the lamb sales, he thought that if the salesmen would endeavour- to get through the sales of fst lambs quicker it would be a great convenience to those frequenting the yards. The Hon Mr M’lntyre, who ’had visited the yards lately/had expressed ■ himself as surprised at ;the accommodation. The adoption of the report was seconded by Mr H. Wynn-Williams and carried unanimously.

Mr W. Henderson and Mr V, Weatenra were elected directors, and Mr A. M. Ollivier was re-appointed auditor. ; Mr Wynn-Williams moved a .vote - of thanks to the directors and staff for the efficient manner in which they had carried out their duties.

This having been carried the meeting closed.

A special meeting was afterwards held to consider the advisability of reducing the number necessary for a quorum, and it was resolved that the number to form a quorum at general meetings should fee reduced from fourteen to eleven, and it was decided to call a special meeting to confirm the same on Feb. 28.

At a meeting of directors held afterwards, Mr W. Henderson was reappointed chairman.