CLEVEDON STEAM NAVIGATION COMPANY.

New Zealand Herald, Volume XXXIX, Issue 12000, 24 June 1902, Page 6

CLEVEDON STEAM NAVIGATION COMPANY.

ANNUAL MEETING. , ; ' THE annual meeting of the shareholders' in the Clevedon Steam Navigation Company WM held in the Public Hall, Clevedon, on June 21; Mr. J. S. Wilson in the chair. AbontJO shareholders were present. \ v/-1 ANNUAL BEPOET.: : >:iThe sixth annual report of the director! congratulated the shareholders on the fairly, successful operations of the past 12 months. The profit for the term shows £221 13s W. : from which amount the directors write oil £82 as depreciation on steamers, leaving » • balance of £139 13s 7d. This, added taitiWJ amount forward from last year. £113 17s W. • leaves an available balance at date of »2H lis 2d. The directors recommend a divider of Is 3d per share be paid, absorbing =£!» ss, and the balance, £97 6s 2d, be carried to next year's accoants. Although the company's business during the past 12.montM shows a falling-off, your directors are pleased , to state that a further sum of £100 has/beea, paid off the steamer. In accordance wit* ; the articles of association, Messrs. Anson, Walsh, and Grainger retire from" the directorate, but being eligible offer.thenMWWJ-".. for re-election. It is with much regret thai the directors have to report the death of the company's auditor, Mr. O B. Waymojtn, who died at Whangarei last month. Tney appointed Mr. W. H. Churton, P.S.A.A., to audit the company's accounts for the W» year, and his certificate is attached U> «a balance-sheet. Mr. Chmton offers himsen for re-election.—For the Board of Directors, (Signed) J. S. WILSON, Chairman. BALANCE-SHEET. The balance-sheet to April 30, 1902, was a* ';■ under.— , /■ Dr.—To capital account, 2500 shares, at &> | £2a00; sundry secured and other creditors. £442 12s 2d; dividends unpaid, £5 7s 9d; proband loss balance, £253 lis 2d: total, £&* ■ lis Id. ■4 V< Cr.—By steamer Hirere, £3000: sundry debtors, £47; cash in bank, £138 iss 2d;, <=»*» in hand. £15 15s lid: total, £3201 Us id.- .."■■ , Profit and loss account for 12 months ei»«ing April 30, 1902: — VDr.— licenses, port charges, wharfage* etc., £27 18s 3d; interest and discount, ** 18s 2d charters, £48; legal expenses, 10».W; audit. £3 3s; stores, £56 8s 2d; donation*. £15; printing, advertising, etc.. £28 2s 36: petty expenses, £6 23; accident insurance, * 10s; lost and damaged cargo, 3s M: I? o< 2,:v Tax Department, £10 16s; coals, £211 i6f ??r, water. £12; wages, £639 14s 8d; repaivs, *£■ | 14s; depreciation steamer, £82; balance, **>" 13a 7d: total, £1459 10s 9d. . , . ..a Cr.-By fares, £417 3s 9d: freight : «$" charters, £1042 7s: total. £1459 10s 9d. ,i-*>-balance down, £139 13s 7d; balance »*«*" 1901, £270 2s 7d. less dividend paid 1: * *' leaving £113 17s 7d: total. £253 lis 2d. . n flf The Chairman, in moving the adoption"" the report and balance-sheet, went over ?"£ tically the same ground as the report, l h which Mr. Walsh seconded the motion. niL " was adopted. ELECTION'S. ••; * . ,;. On the motion of the chairman, f*f on f',i by Mr. B. Hale. Messrs. Alison. Walsh. «»»■■■. Granger were re-elected as member? 01 Jl . directorate. Mr. Churton was WW auditor to the company. .. V OTHER BUSINESS. « f - It was proposed and carried that a I ®t» e of condolence be written to the widow °« ■*~ late Mr. O. B. Waymoath. the company; auditor. A shareholder moved that ■"- time in Auckland be allowed to pas* 6 on the day of return trips. It was "SiCJ that if possible extension of tkie 1 0Ui ?L r0 granted. The usual votes of thanks■ *" ( passed, after which the meeting 6epaxaiw[Own Corresijojident-.]