Page 2 Advertisements Column 3

Hawke's Bay Times, Volume IV, Issue 185, 29 July 1864, Page 2

Wo have been fortunate in securing the services of Capt. Shuttle worth, of whom our correspondents speak in high terms. Ho superintended the building of the steamer during the three months prior to her sailing, and hia engagement’ extends for a year after her arrival here. In accordance with your wishes, the calls have been made as easy ns possible, but as the Drafts for the balance of the cost of the steamer and supplies have to be met, it will be necessary to call up the capital as early as possible. A proposal has been received from the New Zealand S.N. Co., to take over the Ahuriri , wheu she arrives, and pay for in New Zealand Go’s shares. We submit this proposal for your consideration and decision. We also lay before you the statement of Receipts and Expenditure, and the Balance Sheet for the year ending 15th July. STATEMENT OF BECEIPTS AND EXPENDITCBF. P\ Receipts. £ s. d. Deposit of 10s. share on 520 shares 260 0 0 Balance of Deposit—£2 share on 455 shares 910 0 0 Call of £5 share on 437 shares 2185 0 0 Call duo 26th August—2 shares 10 0 0 Interest on calls in arrear 2 12 2 £3367 Expenditure. Bank Drafts on England in favor of Agents and Exchange 3022 Stationery from Glasgow 37 Interest on overdraft to Union Bank of Australia, Napier 183 Postages 9 Advertising in local papers ; stationery and printing 56 Horse hire and travelling expenses, getting memorandum association articles signed ■ 17 Registration Fees 8 Solicitor’s Fees 8 Sundry small disbursements 4 Interest on Calls paid in advance 3 Cash in Bank 10 2 Do. in hands of Secretary 14 9 10 12 2 10 0 15 10 7 512 6 13 0 12 0 18 0 8 0 7 0 8 5 0 0 £3367 12 2 E. & O. E. Napier, 15th July, 1864. JOHN G. KINROSS, Hon. Sec. BALANCE SHEET .For the Year ending 15 th July, 1864. Capital and Liabilities. £ s. d. £ s. d. Capital called up, viz.:— £7 10s. on 520 shares... 3900 0 q Lodged in advance on call due 26th Aug. ... 10 0 0 Debt to London agency on personal guarantee of Directors— On acceptance 5437 10 7 On open account, about 520 0 0 - 5957 10 7 £9867 10 7 Property and Assets. Cost of s.s. AJiuriri , including— Insurance, Advances to Seamen, fuel, stationery, Ac., in Britain ...9016 19 11 Expenses in the Colony, including interest ... 290 10 8 Calls unpaid £3 share on 65 shares £5 share on 83 shares Cash in Union Bank of Australia Cash in hands of Secretary 130 0 0 415 0 0 10 2 14 9 10 £9867 10 7 JOHN G. KINROSS. Secretary. Napier,’July 15, 1864. A letter from the Secretary of the New Zealand Steam Navigation Company, Limited, dated 4th July, 18G4, was read, offering to purchase the Ahuriri, at her cost in New Zealand, payment heing made in New Zealand Steam Navigation Company’s shares at par. The following Resolutions were ‘then put to the meeting and carried unanimously. Proposed by Mr. Kinross, and seconded by Mr. Rhodes, — That the shares of the Hawke’s Bay Steam Navigation Company Limited bo merged in the New Zealand Steam Navigation Company Limited, on the basis of 2 shares of the 2nd issue of the latter being given for 1 share in the former, and that the New Zealand Steam Navigation Company accept and discharge the liabilities of the Hawke’s Bay Steam Navigation Company, provided that until paid-up capital on the shares be equalized, Interest shall be allowed the Hawke’s Bay Steam Navigation Company shareholders on the difference, taking date from 26th January, 1864. Proposed by Mr. Rhodes, seconded by Mr. Kinross: — That this meeting considers that the New Zealand Steam Navigation Company, should run the steamer Ahuriri, in the Napier trade, so long as she is remunerative, as this Boat was specially built for the Harbor of Napier, and would at all times come inside the Iron Pot. The meeting then proceeded to the election of Directors, and the following gentlemen were duly elected: —Samuel Begg, Esq.; J. G. Gordon, Esq.; D. Gollan, Esq.; J. G. Kinross, Esq.; J. D. Ormond, Esq.; J. Rhodes, Esq.; T. P. Russell, Esq, ; F. Sutton, Esq.; H. S. Tiffen, Esq.; E. Towgood, Esq. Mr. V. Janisch was elected Auditor for the Company. (Signed) H. S. Tiffen, Chairman.