MEETINGS OF SHAREHOLDERS.

New Zealand Graphic, Volume XIX, Issue X, 28 August 1897, Page 300

MEETINGS OF SHAREHOLDERS.

Meetings of shareholders in the following companies were convened daring the week : — Bendigo.—The annual meeting lapsed. The balancesheet shows a credit of 249 2s rod.

Atlas. —The annual meeting lapsed. The balancesheet, shows a credit, on 31st of July, of 2T86 73 rd.

King of Whangamata.—The annual meeting lapsed. The balance-sheet shows a credit at bank on 31st July, of 2*214 ios Bd.

Tandem.—The annual meeting lapsed. The balance sheet to 31st July shows a balance of £7O is 2d. May Queen. —An extraordinary general meeting of shareholders in this Company was held at Mr R. McDonald Scott’s office. The directors’ last report and balance sheet was read. This showed a cash balance in Bank of 2*H7 15s nd. Under the heading of disbursements there was an item, balance of law costs incurred in the sale of the Company’s property and incidental expenses in connection therewith, 2*117 15s nd. The report further stated the property having been disposed of to an English Company, the May Queen Hauraki, Limited, withapaid upcapital of 2^200,000 in 200,000 paid up £1 shares, 78,000 being allocated to this Company’s shareholders, and now in course of allocation in the Company’s register, it now devolved upon the Company’s shareholders to dissolve the May Queen Company. On the motion of the chairman it was resolved that the Company be wound up voluntarily under the provisions of the • Companies Act, 1882. ’ Fiery Cross—Prince of Waihi—Waihi Welcome.— Meetings of shareholders in each of these Companies were held during the week at the office of Mr Richard Hull, but were on the motion of the chairman, Mr Graves Aickin, adjourned for two months It was explained that this course was advised by the solicitors of each of the Companies after having conferred together to see if some equitable method of rectifying the registers of these Companies could not be arrived at which would be satisfactory to all parties. Mr Aickin explained that innocent persons had in good faith purchased shares in each of these Companies which it was alleged had no right to be on the registers The directors felt that those persons should be compensated. Waitrkauri Junction. — The half-yearly meeting of shareholders took place at the office of Messrs Morrison and Philip'. The directors renort that out of the sum of 2*i,4°o provided at the outset by promoters for working capital, 2*414 13s had been spent on the development of the property. It was agreed that work in the mine be vigorously proceeded with. La Mascotte. —The first annual meeting lapsed, Mr Graves Aickin (chairman) and other directors being the only persons present. The balance-sheet showed balance on the 31st July of 2*38 3s 2d. Russell. —This meeting of shareholders also lapsed. The directors’report stated that out of the 2*500 working capital and call l9s 2d, the sum of X 513 was spent in developing the mine, leaving a credit balance of 2*85 19s 9d. Herald. —At an extraordinary general meeting of shareholders in this Company it was decided to wind up the Company. Ulysses.—At a special general meeting of shareholders at the office of Mr F. A. White it was resolved that the Company be wound up voluntarily. Arawata.—The meeting of shareholders lapsed for want of a quorum. The receipts were 2997 iod J expenditure, lss lod, leaving a credit balance of 17s 2d.

Wairoa. —The meeting of shareholders in this Company lapsed. The accounts showed receipts 9s qd, and expenditure 29 T 3 7s Bd, leaving a credit balance of 2s id.

Capstan.—The half-yearly meeting of shareholders lapsed for want of a quorum. The balance sheet showed receipts to have been Z 212 9s 3d, and expenditure £207 5s 3d, leaving a credit balance of £5 4s. Morion-Puru —The annual meeting of shareholders was held at Mr Grosvenor’s office. The statement of accounts showed expenditure £512 3s Bd, leaving a credit balance on 31st July of 2*94 5s sd. Electric.—At a meeting of shareholders in this Company a resolution was passed authorising it to be voluntarily wound up.