New Zealand Shipping Company.

Feilding Star, Volume XVI, Issue 136, 5 December 1894, Page 2

New Zealand Shipping Company.

(Per Press Association. Chiustchukch, Dec. 4. The twenty-first annual general meeting of the New Zealand Shipping Company was held to-day. Mr P. Murray Aynsley (Chairman of Directors) presided and about a dozen directors and shareholders were present. The annual report of tbe London Board stated that the audited accounts for the year ending June 30th showed, after providing for depreciation and insurance in London and the colony, a balance of £22,705 9s 4d, out of which it was proposed to pay a dividend of 4 per cent, free of income tax, and to carry forward £4824 6s 2d. The Chairatan in moving the adoption of the report and balance-sheet said on the whole, however, the result of the year's work must be considered satisfactory, as there was an increase in the number of items and on only four was there a loss^ the heaviest of which was the carriage of grain, in which the Company was not by any means singular. It was satisfactory to find that each year an increased amount of produce was sent by the steamers, and the local directors had urged upon the London Board the necessity of putting on two more steamers. The result was that an order had been given to build another boat as long as the Perthshire but con. siderably faster. She would be 6000 tons and would be capable of carrying 80,000 carcases of frozen mutton and 60,000 bales of wool. The report and balance-sheet were adopted.