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FIFTEENTH ANNUAL MEETING. The annual meeting of the New Plymouth Gas Company Limited was held on Thursday at 3 p.m., when Mr A. Shuttleworth (chairman) presided. The following report was read. REPORT. In again submitting the annual accounts of tho company to tho shareholders, the directors are pleased to be ablo to report a fairly successful year to 30th June, 1893. Since the last annual mooting the company, as you are aware, has sustained a loss by the death of its late chairman, Mr Thomas King, who had worthily held that position since tbe formation of the company. The accounts as submitted show a net profit for the year of £803 14s Gd, to which, adding tbe balance from the previous yenr of £128 3s Id, makes a total of £931 17s 7d ; which tbe Directors propose to deal with at follows : — To writing off furniture account, £13 10b ; to dividend of 6s 2d per share for the year, which will include tbe interim dividend paid to 31st Decem ber, 1892, £616 13b 4d ; to 2s 6d per share to be added to capital, which will then stand at £8000 paid up, £250 ; to balance carried to next year, £51 14s 3d ; total £931 17a 7d. Two director's will have to "be appointed at the annual meeting, in tbe place of Messrs A. Shuttloworth and H. J. Honeyfield, who retire by rotation, but who are eligible for re-election. You will also have to appoint a director in the place of the late Thomas King. Two auditors will have to be appointed at the meeting and their remuneration named . , A. Shuttleworth, \ Chairman. The Chairman having made some feeling remarks on the death of Mr T, King, tbe late chairman, he moved the adoption of tbe report and balance-sheet, which, having been seconded by Mr F. A. CabBINGTOJJ, was agreed to, ! On the motion of Mr Dookrill, seconded by Mr Connett, tho retiring directors, Messrs A. Shuttleworth and H. J. Honeyfield, we re-elected. Mr F. A. Carrinqton proposed, and Mr D. SunrrLEWORTn, that Mr J. B. Connett I be elected director in tho place of the late Mr T. King, which was agreed to. On tho motion of Mr Seffehn, seconded by Mr Buuchope, Mosars J. S. McKellar and C. T. Mills were elected auditors. Tho date of the annual meeting wai altered to the last Monday in July, instead of the last Thursday. The Chairman announced that the dividend would be payable on and after August 15th. A vote of thanks to the Chairman terminated the meeting.

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Bibliographic details

NEW PLYMOUTH GAS COMPANY., Taranaki Herald, Volume XLII, Issue 9767, 27 July 1893

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NEW PLYMOUTH GAS COMPANY. Taranaki Herald, Volume XLII, Issue 9767, 27 July 1893