The United Farmers Allance

Feilding Star, 24 June 1893, Page 2

The United Farmers Allance

■♦ Tbe shareholders at tha. fJni*i item. era* Alliance held «W{aajuaWls) a*-. nnal meeting at Palmentoa North on Tbnraday. Tht; ■■Uam lAitat, wbkfa comprised the reralta of the tnuMMtiou of the Alliance MDcc ife ianaatioa), vu read by the Bon. John Bryea, wife atesided in the abeenca of tha chairman, Mr F. Y. Lethbridgs, wh^Walill ante medical treatment. The liahfliti— oflhs) Alliance are as follows : —

«B*fM 6 11 These figarea an not a* oW** as they might be, but, m the auditor hM given m his " opinion "that the haka»n sliiiii is ft lair and aecnrate itatamtnt of tba cojnpany's liabilities, tba shareholders most iM lailaKJ. Ac ftr tb^aojarent feet of XSMPUaed, that sjwgUima by th* ohtfcjaaii aa de» IoImUU of the company they had lake* twf. ant certain other loasaa, wnieh would JMt bo allowed to oeaar aa the future. Ha okteat^ ta so mash ■atfanaftubeinsi alaeed on borrowed monevj , whalnapt *• mNw oc private aDairTSt N^lK of the company ware riot ao large ac one might stippoee, b» eta* ho ahja cftf to tho system. Be waaoppoaad toaaaboatnot this |kind •going into riloJl'pJtainiss, as they would than have tffjfcga* a large stock and a nomber of jtffoeae, involving an extca amoajot otjUtjUL Iba ohairDMa antieifatad tiSTl&ld be advene eritiowna, » bat bei aamred thf abat^nfafa Aefa aa ■ ft %t filial fJMßllla Mllff lhft Aa^Ollllßn Af ißal After tome di«mm<m, aabo#<fhand« was taken and MvoUd fcr, £« fit* againat, the adopljnn ; of tht report. la cooolodiog this n i etiierUt teeTnotice tt the meeting, we uraat oohJHNIMe the Alliance on having leeoraiilaeervieee of Mr Carr t who » a tharottdkJßdfajDi stock, an eiperienced aeeoantfßi «»• goal business man, and we liatmu tiprediet that, at the nest anaai teesejag, the profit and loss aoeosjßt wiUh»f»a better Mpeet, and the ettbMMe-sheat wffl be intelligible to one and all of tha abjarayoldatat

4 ••' * Capital Share Aeoonni ... MB 11 S Drafts on London ... l£K 1 • Bank overdraft MM 9 5 Sundry creditors 8,941 8 7 Billi payable i 'tm 0 0 480406 I 11 Assm. £ ■ 4 AdTMMMtQKuidcjrdabUm ■■( (wool. •(«., eoiiMgoed to London) 14,«| 2 I Other debtor* iJSS 16 B PaWrton Ag«cj, clock -„, -„ and book debU, lees I ' creditors inPalmenton 4,(W.1S 0 Wanj(amii Aginej, stock and book debts, last sundry creditors 1,966 16 4 ProMrty account B£!sl* * Stock in Wellington ... tjm 10 4 Plant ..i W 0 0 Cash in hand 110 4 Profit and Loss ■ Account ...IMB II ( . •-••" Expends a/c 1081 17 8 MM 18 8