CANTERBURY SALEYARDS COMPANY.

Globe, Volume XXII, Issue 1862, 11 February 1880, Page 3

CANTERBURY SALEYARDS COMPANY.

The shareholders of the Canterbury Saleyards Company, Limited, held their sixth annual general meeting last evening, in the offices of Messrs B. Wilkin and Co. The attendance, including proxies, represented an attendance of twenty-one shareholders, the chair being filled by Sir Oracroft Wilson.

The Secretary haring read advertisement calling the meeting, the minutes of the last annual meeting were read and confirmed. The secretary read the annual report of the directors as follows

Tour directors beg to report the number of stock passed through the yards from Ist July to Slat December last to be 133,329 sheep, 10,903 head of cattle, and 1552 pigs. There has been a decided improvement in the number of cattle, but a falling off in sheep and pigs, the numbers being 8858 sheep less, 2763 cattle more, and 284 pigs less than the previous six months; and 7767 sheep less, 2711 cattle more, and 121 pigs less than the corresponding six months of 1878, but this may be attributable to the general depression and bad season of last year. The public pound at Addington, your directors reported at the last general meeting they were negotiating to erect, has now been proclaimed by the Selwyn County Council and opened, and it is expected to be of great convenience to the Christchurch, Kiocarton, and Spreydon districts, as well as being of seme advantage to this company in a pecuniary point of view, and of benefit to the public by the probability of the stock sold realising its true value.

The accounts, duly audited, are laid upon the table. The balance to the credit of profit and loss is .£349 6s 9d, after paying the interim dividend of 5 per cent., declared 12th August last, and .£162 12s 6d for pitching stone, and further alterations in the cattle pens, out of which £219 12s has been expended in the erection of the new pound, leaving £129 14s 9d towards the payment of another half-yearly dividend of 5 per cent, which your directors recommend to be declared, making 10 per cent, for the year. Tour directors are not aware of any extraordinary outlay required for the current year, and you may calculate upon receiving much larger dividends. The three directors who retire by rotation are Sir J. Cracroft Wilson, Messrs J. T. Ford and J. T. Matson, who are however eligible for reelection. J. Cracroft Wilson, Chairman. The report and balance-sheet were adopted. Sir Cracroft Wilson and Mr J. T. Matson were re-elected directors for the ensuing year, and Messrs J. T. Ford and George Ticknor being proposed and balloted for, the election resulted in favor of Mr George Ticknor. On the motion of Mr B. Wilkin, seconded by Mr Mcßeth, a vote of thanks was passed to the chairman and directors for their past services. The meeting then adjourned.