FREEMASONS' HALL COMPANY.

Otago Daily Times, Issue 8112, 22 February 1888, Page 6 (Supplement)

FREEMASONS' HALL COMPANY.

A sencr.J maetiag of shareholders in the Freemasons' Hall Company v,:is held cm the? Gth inst., Mr L. Court prciiding.

The directors' report, as follows, was r.dopted

KharelioMors are awiire <if (he nrj r >t i:i»ions v.hieh to»k uliiee eliiriii!; the pa'-t- year with ref.-rence to « i-i-arraii(;emi'!it lit I he iii,irl(rnf;es heM by Mr Tli,,;np;,.j:i over the cn:np;iny> property.ami which rpsiiiteil hi the f,i11,-,v,-iiis; nYfcr hy Jlr Tho:..],S)U li.-mik

:i::ce|.t':<l—viz., tlmt .oil tlie'payment tfl h'ni of £!'«' one fvr i'KvJU ill 'i ]jer"i:e-nt. per annum, 'ilie immeilute effeci of (lie i;ew an-.in^nmeat, on Hie tirmnces ol the nonv.s'iy is that, the mortgage is r.'(i ice-.l from iHTtvi to l:i:-«l, and the annual amount paid far interest miueed from £i;? to fii'D. The 'dreetoii are of opinion IliJ if the pro=c!it rental, which amounts to ahout i'-'i'O per annum, ts kept up, t!;e comiMiiv will w:t, only be able to earn- on without, jisoimiaVy eml'arrassinent, but will "also have a sum ol about £50 ncr amiurn at, ita disposal for rep.iirf, .tc.

Ciansi'^rable discussion took place as to ways and means of liquidating the debt on the hall, and as to raising £ICO to put the buildiuE in a propel1 '.-f.-te of rppn.ir. A niolii.ii in favour of iiicr.-asinp: the nmr.ber r.: diie'Hr.T Iron: nine to 15— six to form p. i'l"ioi't>.u — -■ -- c irrit.'..!. ' .ik-.r< Pri.;'. i;. i --.i'.1.r..v,-, P t '?en, .-.'id I)s R-.-.j:j s-v •••:■. -j!e.; .Mi-.-fe.rs; ;;nd Messrs M-.Vi\ ■::•■ :.rd Ci ,i--ij!, >.-:er- .iji^oiwii.-u ;5...1i;0r-.