CANTERBURY SALEYARDS COMPANY.

Dominion, Volume 2, Issue 428, 10 February 1909, Page 5

CANTERBURY SALEYARDS COMPANY.

c::?>(:];;AfOTCCESSi^ \ : : '1 (BY '.TELBQEiPH— P,B]3SS ASSOCIATION.) '■.-;&!'': ■'■'V ' Chrlstchuroh, I'ebruarjr §al. .•■-" : Th"e 'annual; meeting .'the .Canterbtiry. ■ Salipyards :.Compai]y, was'.. held to-day, when ■ Mr. ■E;-:-Gr. , :Stayeley, ; chairm'an/of "directors", i.presided."/The:directora; repprted. & ■ very! sub-; enabled-them, greatly, to- 1 increase: thp- facilities 'of an ; increasing marketj ■■ b'esidjes-:iinpr.ovinggenefally: the.conVJ ditiori 'of.the.; yards'. ' The quantity'of.stook .passed.(through'the yards, during'jthe.-twelve months'was , .7B2,7ss. sheep,;'lß;77s pigs,-and '27,778catt1e.,: The profit and loss, statement, '.after providing', for depreciatibn; : 'showed'/a balance'of £1388''7s. 4d.,- which, with ; the balance .brought ■ forward' from f the previous' year): after-paying'the dividend for that.yea'r, deft a total of-;£ 1489 9s'.- 8d. ; ; Of this'amount an interim dividend of 4 per. cent, was paid, : absorbing--- £616: 2s. -7d., - leaving ; -. a : balance' :to : ;bo;dealt, : with of £873 7s: Id;, which-the directors recommended should ;be approprK ,ated-as -follows :-tTo payment, of a dividend 0f,"4. per-cent: on- the .paid-up, capital, m'ak-. : ing' a total-dividend of .'8 : per '.cent/ for the :year,' £616:25: 7d.; tocarry'forward £257. !4B^6d; ; .'--': : 'v/ '::■'■-X ;; ; : /-' \:'':.. ;^' ; ■ The chairman, in moving the adoptipnjjf 'thb.'Toport' and- balance-sheet, /said it ; .'was iUiinecessary,.he thought,- for him to make ;any,lengthy remarks.■"; : ''-The , ; : .balance-sheet , spoke : .for'atself',:':"an'd , " they ;would see -thai ,tne ; company had'.had-a'successful.year. ]Tlie quahrity'of stocli: .passed-'thrbugh i.th'e''yards during year had, been,very large. .The number, of sheep exceeded the previpus'year's' number by 109,534, and constituted a record in'-the history of the company, and the'num-' her of cattle had only: once; - been higher; , : in :i896:"-- :: '.">-i:"■■■" : <■■■'■ ■■■'■-. '■■■'. ■■■■■.'■■■-■■■ ■ ■• .:;•■ ~..-Hr:...A.''K'ay.e'vseconded''-'the>/ad6ptioa;vof. the -report,, which'; was .agreed to. ■;. ■ :■■■.■ ,- . -The,retiring directors, Messrs. H.H. Pitman and G; Ticknbr,^were.re-elected. - ; Ata : subsequent-meeting-of tho directors, Mr.-E. G. Staveley was re-elected' chairman.'':■■;.-'