LYTTELTON GAS, COAL, AND COKE COMPANY (LIMITED.)

Globe, Volume IV, Issue 392, 14 September 1875, Page 3

LYTTELTON GAS, COAL, AND COKE COMPANY (LIMITED.)

The annual meeting was held at the Company’s Works, yesterday, at 3.30 p.m. Present —Messrs H. Hawkins (chairman), Allwright, Nalder, P. Cunningham, 11. Wood, Mackay, Rogers, Willcox, and Dr Rouse, The minutes having been read, The chairman made a short statement on the progress of the company during the year, and stated the necessity of appointing a secretary. The balance-sheet, and statement of assets and liabilities, were then read, of which the following is a summary : The statement of receipts and expenditure showed the receipts to be—Capital, 613 shares, first issue, £3215 ; 568, second issue, less £852 uncalled, and £34 in arrears, £1954; 89 shares, third issue, £445 ; total, £5614. Bank of New Zealand overdraft, £1774 Os lOd ; cheque not presented, £lO5 ; interest to August 31st, £44; total, £1923 Os lOd ; interest, transfer fees, and sundry creditors, £3OO Is 9d ; profit premium on eighty-nine shares, third issue, £B9 ; total, £7926 2s 7d. By freehold property, £795 ; plant, £2851 8s 6d ; fittings, &c, £ll6O lls 6d ; buildings, £1484 8s 2d ; excavating, &c, £Bl3 4s 2d ; office, £B2 7s 7d ; sundry, £669 8s 8d ; interest, £69 14s ; total, £7926 2s 7d. Liabilities— Bank of New Zealand, £1923 0s lOd ; sundry creditors, £291 0s lid ; assets, capital, amount uncalled (including £34 in arrear), £886; fittings, &c, on hand, £ll6O lls 6d. The following was the statement of the liabilities and assets on August 31st— To capital, £6500 ; profit on 89 shares, £B9 ; Bank of New Zealand, £1923 0s lOd ; sundry creditors, £291 Os lid ; balance, £9 Os lOd ; total, £BBI2 2s 7d. By capital, amount uncalled on, 568 shares (second issue), £852 ; calls in arrear, £34 ; plant freehold property buildings, £6765 lls Id ; fittings, &c, £ll6O lls 6d ; total, £BBI2 2s 7d. After discussion, it was moved by Mr Hawkins, and seconded by Mr Cunningham, that the balance-sheet be adopted. Carried. The chairman stated that Captain R. Wood and Dr Rouse were the retiring directors for the year, and on the motion of Mr Geo. Mackay, seconded by Mr Rogers, the retiring directors were re-elected. The auditor’s report was read and adopted, and it was moved by Dr Rouse, seconded by Mr Allwright, that Messrs Willcox and A. J. Rogers be auditors for the ensuing year, at a fee of £2 2s each. Carried.

Moved by Mr J. S. Willcox, seconded by Mr Rogers, that the sum of £llO be placed at the disposal of the directors. Carried.

A vote of thanks to the chairman and directors for past year ended the meeting.

At a meeting of directors, held afterwards, Mr H. Hawkins was re-elected chairman of directors.