SPECIAL MEETING.

Manawatu Herald, Volume III, 11 June 1891, Page 3

SPECIAL MEETING.

The, Council formed itself into a special meeting at 2.30. when the rates for county and separate districts in accordance with notice given were struck. The Council then resumed its 1 ordinary meeting. The letter received from Mr Roe was considered. Tho overseer said that the metal on the river had hoen taken' out by other parties. -Since the job was done he had heard that Mr Roe had told the carter that he owned the shingle, but it was outside his fence, yet it may have been Mr Roe's land. The carter h'ld taken out 50 yards. '. Cf Saxon as 'ted the foreman why he gave Thompson 2s a yard for that taken from the river :bed, whilst Thompson had only Is 6d, a yard at ■ Mount Stewart, and he : had the i same distance to cart. , Mr Mitchell (the overseer) said Thompson had had less for Mount Stewart job than other contracts had been. He said he, was not acquainted with men in Feilding and he therefore had taken Thompson from Sanson - Or Saxpn said that had a Feilding man been employed no mistake about the metal would have been -. „ •-' " '•><■■■ .-■■•• ' .' ■ Cr ftfcKenzie and Cr Hammond seconded, and it was carried," That Cr Saxon and the Chairman be 'a committee to confer with Mr Rowe about the matter complained of in his letter of the 4th and to report a* .next creeling. (Continuation of report in next issue )

In allotting the shares, the directors will have regard to priority of application, and not more than 100 shares will be allotted to any one person. In submitting an Association of this character to the public it is only ; nece3saiy to say that it is in no ■ sense a speculative undertaking, j The experieuces of similar enterprises in the Colony has shown them to be not only dividend paying, but productive of many collateral advantages to tH producer ; minimising as they i do all charges, they necessarily com» I pel merchants and shipowning firms to 'ower to a reasonable point their j rates of profit, commissions, freights, &c The fact that the New Zealand Farmers' Association of Canterbury (Cfcristchurch) last year had a total profit of £10,804 5s 5d to distribute, and that the Canterbury Farmers Association (Timaru) and other similar Associations are all in a most satisfactory financial condition, speaks for itself as to the safety of the capital to be embarked. The , central position of the City of Wellington and its magnificent capacity for the cheap distribution of products to all parts of the world, tnnrks it out as the natural centre for the present Company's operations. The recent connection of the city with Napier on the East Coast, and New Plymouth on the West Coast, by through lines ot railway, will enaMe the settlers in these districts to share equally in the advantages, which will accrue to shareholders in the Wellington Provincial District from having ot their door the best and cheapest harbour in the Colony as a distributing oentre.