Westport Coal Company.
(by TELEOKAPII.) Dunedin, February 10. At the annual meeting of the Westport Coal Company, the Hon. H. .T. Miller presiding, the report, recommending a 5 per cent, dividend for the halfyear, making 7Jj per cent, for the year, was adopted. The Chairman reviewed the figures of the balance-sheet, and said the liability had been reduced by L 16,000. The profit on coal showed a substantial increase. The expenses wen; higher, chiefly in rates and taxes. He paid a high compliment to Mr Waters, the late engineer. The Hon. R. Oliver protested against the charge made by the Railway Commissioners for carrying the company's produce. The Chairman said they had at length got. the Commissioners to promise to consider the question, and he had no doubt they would get a reduction. The report was adopted, and, on a ballot, Mr E. B. Cargill and the Hon. R. Oliver were elected directors.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OAM18920211.2.4
Bibliographic details
Oamaru Mail, Volume XVII, Issue 5205, 11 February 1892, Page 1
Word Count
153Westport Coal Company. Oamaru Mail, Volume XVII, Issue 5205, 11 February 1892, Page 1
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in