NEW ZEALAND SHIPPING COMPANY.

Wanganui Chronicle, Volume XXXVIII, Issue 12120, 5 December 1894, Page 2

NEW ZEALAND SHIPPING COMPANY.

MEETING. OF SHAREHOLDERS.

(Per United Prbss Association)

Chktstchurck, December 4.

Tho twenty-first annual genoral meeting of New Zealand shareholders of ilia New Zealand Shipping Company wus held to-day- Mr H. P. Murray Aynsley (chairman of directors) pie3ided, and about a dozen directors and shareholders were present. The annuil report of tho London Board stated that tho audited account) for the year ending .Tune 30th slnwnd, after providing for depreciation, insurance, London and colony charges, a bslonce of £22,705 9s 4d, out of which it was proposed to pay a dividend of 4 per cent, free of the income tax,and to carryforward £4324 6s 2d. Mr Murdoch Mclvor had joined tin London Board, and Mr John j Beaumont (lato of Christchurch) had been appointe-1 New Zaaland representative of tho Board in place of Mr Thomas Euesell, who had retired. The chairman.in moving ihe 'ad°P tlon of (he roport and balancesheet, said tho papt year h°.d not boen a flourishing ono. In shipping circles there had been a falling off of ovir 3V0.000 bushels ia tho export of wheat and grass seed, and also a falling off in froz9n meat, while there bad been an increase in preserved moits. The falling off in grain J7BB accounted for in the reduction of ' sailing rpssels by eight ships, The company row had 21 steamers and 20 sailing vessols against lßsteamors acd 37 sailing vessels in 1802 3. On the whole, however, tho result of tho year's work must be considered satisfactory. A r tfyor'e was an increase in a number of items, and on only fqur wan there a loss, thfl haaviest of which was parriago &,£ grain— in which the Company ara not by any means singular— it was satisfactoz 1 / to find trtat o.ich year the increased amount of prrduco sent by stoamws, and tho local di;o;lors urged upon tho London Board tho necessity of putting on two more steamar3, with the result that an )rdor has boen given to build another boat as largo as tho Perthshire, but considerably faster. She would be 6000 tone, and would bo capable of carrying 80,003 carcases of frozen mutton and G'ooo bales of wpol. I')i9 reportand balance-sheet having been adopted) ihe retiring directors— Messrs U. T". Murray Aynsley and P. J. Fiyor' and Hon. E. ?!ichard3on~woro re-olooted, ami Mr H. P. Murray Aynsley re-ojocted chairman of directors.