CANTERBURY SALEYARDS COMPANY.

Star (Christchurch), Issue 5487, 12 February 1896, Page 2

CANTERBURY SALEYARDS COMPANY.

The twenty-second annual ■ meeting of the shareholders of -.the Canterbury Saleyards Company was beld in " the Grain Agency Buildings yesterday. There was a good attendance, and Mr W. Henderson (chairman of directors) presided. The Directors' report congratulated the shareholders on the improved position of affairs upon last year's statement, and stated that the improved condition of the yards and the increased accommodation for fat stock carried out during the year promised still better results. The sum of .£2OO had been written' off from the buildings account. The profit and loss statement, after providing for an interim dividend of 4 per cent, left a balance of .£675 9s Id, which was recommended to be appropriated as follows : — To payment of a dividend of 5 per cent on the paid-up capital, making a total dividend for the year of 9 per cent, .£637 10s ; to carry forward to new account, .£37 19s Id. The following stock had passed through the yards :— 535,626 sheep, 23,232 pigs, 18,988 cattle. The retiring Directors were Messrs E. G. Staveley and F. C. Murray, who were eligible for re-election. The balance-sheet was taken as read. The Chairman, in proposing the adoption of the report and balance-sheet, said they had had a better year than for some time. A large amount of money had been spent in improving the yards, and other works would be undertaken before the coming winter. Mr Thomas Eaine seconded the motion, which was carried. Messrs E. G. Staveley and P. C. Murray, the retiring Directors, were re-elected. Mr A. M. Ollivier was re-elected auditor. Mr J. W. Wright brought up the question of the remuneration of the Directors. He considered that as directors of a company paying a good dividend they were receiving very poor remuneration for their services. He moved — " That the Directors receive J3IOO yearly instead of .£6O as before." The motion was seconded and carried. The meeting closed with a vote of thanks to the Directors for their services during the past year, and to the Chairman. At a meeting of the Directors held immediately afterwards Mr W- Henderson was re-elected Chairman.