LITERARY INSTITUTE.

Kumara Times, Issue 783, 3 April 1879, Page 2

LITERARY INSTITUTE.

A special general meeting of members of the Kumara Literary Institute was held in the Reading Room last evening. There was a fair attendance of subscribers. The Rev. E. A. Scott (Vice-President) occupied the chair. The minutes of the previous general meeting having been read and cuntinned,

The Chairman stated that the object of the meeting was to consider the financial state of the Institute, which was gradually increasing its debt, aud it would be; a question for the meeting to decide, whether to close the Institute or adopt some means whereby it might be carried on without exceeding its income. He would call upon the Secretary to read a report.

The Secretary (Mr A. R. Petrie) then road a report which had been prepared. It showed that the estimated liabilities to the 30ch June next would be £5(5 13s lid, while the estimate! assets for the same poiiod would amount to only .£35 2s lOd, thus leaving a deficit of £2l 11s Id.

Mr Janion considered the deficit was not very alarming. By the acquisition of a few more member*, by a reduction of the number ot newspapers paid for at full rates, aud possibly also by getting up an entertainment for its benefit, the institution might wipe off its debt, and the expenditure be brought within the income. He would move “ That in the opinion of this meeting it is not advisable to close the Institute.”

Mr Smart seconded the motion, which was carried almost unauimouslv.

On the motion ot Mr Gordon, seconded by Mr Stoclrmnn, the meeting then proceeded to revise the list of newspapers coming to the Institute.

It was proposed by Mr Stock man,seconded by Mr Duckworth, and carried— “ That the Committee have the power to effect the sale of newspapers.” Mr Stockman proposed, and Mr Duckworth seconded, “ That Colonial newspapers may be taken oat after having been a fortnight on the table, and Home papers a month •, illustrated papers excepted/’

This was carried, although after some dicussion 5 another motion, by Mr Stockman, seconded by Mr Gordon—- “ That the Committee have power to repeal the foregoing resolution, if found unworkable,” was also carried/ Two vacancies having occurred in the Committee by removals, Messi’s Duckworth and Stockman were elected Committee-men.

Mr Wiesner was elected an Auditor.

This closed the business of the meetmg, which was. then adjourned sine die.