NEW ZEALAND SHIPPING CO.

Ashburton Guardian, Volume VII, Issue 1999, 28 November 1888, Page 3

NEW ZEALAND SHIPPING CO.

(PEB PREBS ASSOCIATION.) Chbistohubch, November 28; The fifteenth annual meeting of the Hew Zealand Shipping Uo was held today, Mr A. C. Wileon, m the obair. The Directors report stated that the profit and lots account shewed a credit balance of £51,276 3s 7d including £9019 brought .forward from last year Thvy recommended writing £50.715 off the property including £30,000 off the steatrerp, and £9666 off the sailing fleet, and carrying £550 forward Siace last general meeting the London mbnager and the representative of the London auditors bad Tinted the colony acd investigated ihe ♦cconnls. Exception had been taken to •fotu* items charged to first nost of the ateamers, viz, interest during construction, Oommlcalon on purchase of new steamers «ad on raiabg now capital, refrigerators transferred from chartered steamers to company's itesmers at ooet price, and •nndry property transferred, together £34,521- The Dlteotom. therefore, proposed writing off £30,000 thin year and £4521 next year. Tne report was adopted nnanlmonsl> . Mesurs Bowen, MurrayArniley and E. RlchardsoD, were re elected Director. A shareholder (Mr Gree r> ) give notioe of motion for reducing the somber of Directors m «he colony to five.