GAS COMPANY.

Star (Christchurch), Issue 1478, 22 November 1872, Page 3

GAS COMPANY.

An extraordinary general meeting of .sharerholders was held at the Gas Offices, Gloucester street, at half-past seven o'clock last evening ; Mr W. H. Lane in the chair. The Chairman read the advertisement calling tho meeting, and explained that tho directors of the company had unanimously agreed to recommend an increase of capital to meet the, requirements of the flourishing city of Christchurch. Their present capital, was . a very small ono (only £20,000), and il* was thought advisable to increase it in ordeiv to meet the increasing wants of the city in this supply of gas. The following extensions were, proposed :-— From th& works to Barbadoes.,sti'eet, a 10 inch main (replacing the preseni- ; 7 inch) ; from. Town Belt, up Barbadoes. street, to . Ferry. Road, d 7 inch main ; thenco along Barbadoesstreet fco Armagh street, a Sinch main ; thence along. Armagh street and over Manchester, sti'eefc bridge to Kilmore street, a. 4 h&chi main,; also from fche junction . of; Ferry Road, to Barbadoes street, a &inch nctaiu .; down. St. i Asaph street to Montreal street, thanca. up Montreal street to Cranmer Square,, a, s inch; lnnin; thence round; the easb side- of; the Square and along the Papanui, Road: to .tho... .Carlton Hotel, a 4- inch main ; . thsnee to .St.. ; Albans Lane, a 3 iach main ; from.Montreali street to Antigua street by Heref©rd.streefc,.a> Sinchmaiu; ditto ditto by Arir>agh-.Bfcreel{.a 3 inch main; f rem,, Armagh stwet. west, by Park Terrace to-. Salisbury str.sefc,. a t &ai©h main. Mr T. Mollefc .moved, " Thafc the capifeM of the company b.exloubled by tie-issue- £$ two thousand new.- shares ; such new. shares fco be offered to the present sharelaplder,s. sheme per share ; shaves not accepted tOibesubinifcted to public tender, and in case; o£ an equality of tender, present shareholdq»vi. to; hane: fcho preference." Mr H. Thomson socomJed the. resolution, i Mr "Wilson said he w.as. rather disappointed at the l&rge call which, had bees, mado upon ' tho shareholders. He. would like- to hear fuller reasons why tho present proposal was made. In las opinion the time waj inopportune, as the- cost of pipes, was 50- pov oont. mora than was the caao a short time ago. He did not know whether the carrying of mains into soinfc of tho localities would bo likely to pay, «j^ tpmo of them wero vory thinly populated,. Besides, the company must bear in mind that « new process had been invented for lighting cities, and was likely fco revolutionise fcl». present system. Mr Goidd said that he was absent whew the resolution was passed by fche directors,, but he must say that he cordially agreed with it. (Hear, hear.) He thought the time had come when the mains should bo extended throughout the city. He did not belie-vo in waiting until houses were built. He believed that fche extension of the company's mains would prove remunerative, besides a great convenience to the inhabitants of the city. With regard to the remai'k from Mr Wilson con- , cerning the new process of lighting cities, if it were seen advisable to introduce that process here, they would still require their pipes. Messrs Cowlishaw and E. G. Wright spoke in favour of the resolution. The Chairman then put the resolution, and declared it to bo carried unanimously. The Chairman said that a meeting would be held in a month or thereabouts for the purpose of confirming the resolution that had just been passed, I