WELLINGTON OPERA HOUSE COMPANY.

New Zealand Mail, Issue 896, 3 May 1889, Page 31

WELLINGTON OPERA HOUSE COMPANY.

The annual meeting of shareholders in this company was held in the Exchange Buildings on Monday. There was a fairly large attendance, and Mr Edward Seagar (Chairman of Directors) presided. The Chairman moved the adoption of the annual report and balance-sheet (already published). Mr Wallis seconded the motion. Mr Leslie : There is no balance-sheet—-your balance is on the wrong side. Mr McLean expressed an opinion that the Directors had not worked in the interest of the small shareholders, and stated that they had spent over L2OOO more in the theatre than they should have done. ... . The Chairman said the theatre could not have been properly built for a less sum, and nothing had been wasted on it. Mr McLean did not dispute that, but thought it would have been better if the small shareholders’ views had been listened to, in which case it might have been found convenient to hand the property over to the mortgagees and pay the deficiency, whatever it was. The motion was then put and carried. On the motion of Mr McLean, Messrs Flockton, Wallis, Barber, and Greenfield, retiring Directors, were re-elected. Messrs H. M. Lyon and J. K. Harty were re-elected Auditors, at a remuneration of 5 guineas each, on the motion of Mr Flockton. Mr Nees complained that he had been picked out to be sued for calls when others were not proceeded against. Mr Flockton said the Directors had no intention of persecuting Mr Nees in any way, but they had to select some shareholders to be sued in order to get the money in. Mr Leslie complained that he had been brought into the Company on false pretences, and wanted to know why the, people who brought him in had not been sued. Mr McLean thought this kind of talk conld do no good, and it would be better to proceed with the business. He asked when the old Company was to be liquidated, and suggested that the Directors should urge it on. The Chairman said the Directors had no power in the matter. Mr Greenfield said the liquidators, Messrs Gilmer and McDonald, had that business in hand, and the Directors could not control them. Mr McLean wished to make a motion on the subject, but was ruled out of order. Mr Gibner said he had nothing to say

upon the subject as a liquidator at present. .. i ..... ,j Mr McLean suggested that an informal meeting of the shareholders in the old Company should be held at once. Mr J. D. Baird said it would be better to call a meeting regularly. Mr Gilmer, as a liquidator, now had the thing nearly Wound tip; and would call a meeting preMr Hautrie West : I think that is the information we have been asking for. Mr Gilmer assured the meeting that the necessary steps would be taken at the earliest possible date. This was all the business.