TAUPIRI COAL-MINING COMPANY, LIMITED.

New Zealand Herald, Volume XVIII, Issue 6147, 30 July 1881, Page 5

TAUPIRI COAL-MINING COMPANY, LIMITED.

The half-yearly: general meeting of the shareholders inthis company was held at the office, Fort-street, at 2 p.m. yesterday,—Mr. John Roberton in the chair.

The following resolutions were passed:—

1. That the directors' report and balance-sheet be adopted. . .2. That Messrs. Eoberton and Hammond be re-elected directors.

3. That the sum of fifty guineas annually be appropriated to remunerato the directors for their attendance at meetings. :

The following is the directors' report and balance-street: —

The directors bcit to lay before the shareholders the balance-sheet for tho half-year ending 30th Juno. The profit and loss account shows a profit for the half-year of £921 7s fld, from which the directors recommend the payment of one shilling per share; absorbing £600. The dividend will be payable on the Sth *ugost. . . The low level is now thoroughly opened up, and discloses a solid seam of coal from 40 feet to 60 feet thick. The qualitj- of this coal is superior to that of the upper levels, and the quantity is estimated by the mine manager at 300,000 tons.. . ... Work in the upper levels Is confined to taking out some of the pillars, but will shortly be etopped altogether. It u> Intended to keep this portion of the mine aa a reserve.. ,

The mine Is in a safe condition, and worked in tlio most efficient and economical manner. The output of coal U steadily increasing. The hauling and pumping machinery is in good working order, and capable of raising a much larger quantity without any farther outlay l Hassrs. Hammond and itoberton retire from the directorate, but are eligible, and offer themselves for re-election. : BALANCE.SHEET, 30TII J CHE, 1881.' Dn. £■ a. d. To Capital, 12,000 ahare at £1.. .. 12,000 0 0 „ Sunday creditors .. .. .. 636 11 „ Proflt and loss (pfofli) .. ■ ... 1,678 12 3 ! ' --' : ' ■ £11,314 10 i Cr. ■ '' : '■'■ ■"' ' £ a. d. By Mining lease .. .. .. ... 6,000 0 0 '„ Uncalled capital, 12,000 shares ■ at7a..,... .. .. .. 4,200 0 0 „ Tramway, wharf, and buildings .. ' 2,091 2 8 „ Sundry debtors "... ;. .. .1,672 1 2 ~: Cash in Bank of New Zealand .. 438 8 6 „ Do in hand.. 16' B'6 ' - ■■ ■ £14,314 16 ~l ■■■ "'•' ' ■'■■■■■:■.: FKAKZ SCHEBFF, .' ■ . ■'■ : ..■■':■■ ... Secretary. ; I have examined this interim balance-sheet and cofflP are< i It with tho books and vouchers, and found it to to correct. '.-'.• '■'"■' J. WAYMOTJTH, ■■ '■ Public Accountant, Auditor, Auckland. 27th July, 1881. . •/-.,■