LINCOLN FATE COMPANY.

Globe, Volume XXII, Issue 1930, 1 May 1880, Page 3

LINCOLN FATE COMPANY.

A meeting of the shareholders of the Lincoln Fair Company was held at Lincoln on April 26th; the Rev. A. P. O’Oallaghan, chairman of the Board of Directors, in the chair. The report stated, that since March, 1876, the directors had been dependent on the rents obtained through the leasing of the yards to the Road Board for a pound, and to the Lincoln Association for the annual show, as a source of income since the fairs had been abandoned ; that the land which had been held under lease was now freehold and clear of all liability, and vested in five trustees ; that the articles of association had been prepared and the company registered; that the sheepyards and the fence between the company’s ground and Mr Bell’s paddock were in a very bad condition, and required immediate attention from the new directors; that the total amount paid to treasurer since the last balance was presented was £BB 11s 4d, and the total expenditure during the same period amounted to £69 9s, leaving a cash balance in the treasurer’s hands of £l9 2s 46, to which has to bo added a sum of £46 10s Bd, due by the Springs Road Board for rent of yards for the pound up to March 31st, 1880. The total liabilities of the company being £2 IGs 4d, there remains therefore the amount of £62 16s as the balance available to bo dealt with as the shareholders may decide.

Proposed by Mr Gebbie, seconded by Mr Knight, and resolved, that the report and balance sheet as read be adopted. Resolved—“ That the amount of £6O be appropriated as dividend, being at the rate of 15s per share, or 12 per cent, per annum for three years, and that the balance be carried forward ; that Messrs Qammack, Wright, Herrick, Gobble, and A. P. O’Oallaghan bo elected Bireotors for the ensuing year; that the thanks of the shareholders be accorded to the retiring directors ; that the new directors bo instructed to put the boundary fence in thorough repair, and to have two of the large cattle pens mode sheep-proof.” The meeting then adjourned. A meeting of the newly elected directors was held immediately afterwards. Resolved, “That the Rev. A. P. O’Callaghan be reelected chairman for the ensuing year, and be requested to act aluo os secretary and treasurer.”