CANTERBURY SALE YARDS COMPANY, LIMITED.

Globe, Volume II, Issue 170, 22 December 1874, Page 3

CANTERBURY SALE YARDS COMPANY, LIMITED.

The adjourned annual meeting of shareholders of the above company, was held yesterday afternoon at the company's office, Tattersall's. There was not a very large attendance. Mr R. Wilkin was voted to the chair. After the minutes of the previous meeting had been read and confirmed, the chairman said the meeting had been called in pursuance of the adjournment, to hear the report and the company's annual accounts read. The chairman then called upon Mr Pearse (secretary) who read the following report. " Canterbury Sale Yards Company (Limited). " Report of the directors to be laid before the shareholders at the annual meeting, to be held on the 7th December, 1874. " Your directors have to report that since the formation of the company the progress made in carrying out its objects has not been so rapid as was hoped for. This has to be attributed to the difficulty in obtaining suitable timber for constructing the yards and the delay in getting the same to hand, which has been very great and vexatious (one of the ships containing timber having been wrecked). The work of erection has also been retarded by the failure of the contractors, which could not have been foreseen. •' However, it is so far satisfactory to be able to state that the yards were formally opened by his Honor the Superintendent on the 18th November, when there, were 9000 sheep and upwards of 500 head of cattle submitted for sale; aud from the continued business since that time most satisfactory results may be looked, for in the future,

"A statement of the conpany's accounts and balance-sheet, duly audited, accompanies the report. "On the 2Gth November hist year your directors passed a resolution —' Th it shares up to 1000 be sold, the present shireholders having the preference.' "J. Cbackoft Wilson, " Chairman." On the motion of Mr Aikman, seconded by Mr Ticknor, the report was adopted. The balance-sheet was then read by the secretary, which showed —Cash ace unt —To cash received from shares to 30th November, 1874, £2091. ISy disbursements, £2012 Is 9d. To balance in bank, £Bl 18s 3d. Capital account—Dr, £4395 4s lOd. Cr, by moveable property, cash in hand, and amount carried forward to working account of next year, being preliminary expeuses, £4395 4s 10d. Mr Aikman moved, and Mr Manning seconded, the adoption of the balance-sheet, which was carried. A vote of thanks to the directors for the past year was carried unanimously. It was decided to hold the next meeting on Monday, 20th July. The meeting then adjourned.