NEW BRIGHTON TRAMWAY COMPANY.

Lyttelton Times, Volume XCIX, Issue 11593, 31 May 1898, Page 2

NEW BRIGHTON TRAMWAY COMPANY.

The annual general meeting of share-'' holders of the New Brighton Tramway Company was held in the Caledonian Society’s rooms yesterday afternoon. Mr G. MTntyre, chairman of directors, occupied the chair. The directors’ report stated that the amount to credit of profit and loss ac- ■ count, after writing off £139 18s, was £Bl9 7s lid. The directors recommended the shareholders to sanction the payment >of a dividend at the rate of £4 per emit per i,annum, amounting to £317 5s sd, having £502 2s fid to he carried forward. During the year Mr George Bowron retired from the Board, and the directors had appointed Mr John Connal to the vacancy. The retiring directors, Messrs Blackett and Connai, had given notice that they, were candidates for re-election. The balance-sheet was read and showed the expenditure for tho year to have been £4479 14s 2d, rand tire receipts, excluding balance of £461 3s carried forwardfrom last year, £4837 19s Id, leaving a, credit balance of £Bl9 7s lid. Tlie report and balance-sheet were adopted. The retiring directors, Messrs Blackett and Connal, were re-elected. Mr Bams resigned his position as ia, director, and a vote of thanks was passed to him for bis services. Mr R. Hill-Fisher was re-elected auditor for the current year. It was decided^.that the dividend should be fixed as recommended in the directors’ report.