The New Zealand Shipping Company.

Manawatu Standard, Volume 4, Issue 203, 3 August 1883, Page 2

The New Zealand Shipping Company.

{BY IKLKOHaPH.) (united press association.) Christokukch, Angu3t 2. The tenth an mi il report of the New Zealand Shipping Company congratulates the shareholders on the satisfactory re3ult of last yea: 1 , bnb regrets Joss of the Waitara with 26 lives. The City of Per I a h*3 been aided to thr•fleet, and a contract entered into with ifessrs Elder and Go., of ii\ isgaw, for three steamers, 4000 tons each, with sea-going speed of 12 knofs, to be o! steel ; the first is to be lauuched this month, and will leave England m Oc* tober. The report then refers to the. sui'cessfeil passages of the direct line o( steamers during the year, and the es<tabSishment of an impo> taut refrigeration freight. The insurance aceouat has met the loss of the Waitara, anU scanis at £5081. The bafanej at the, credit of the profit and iosa account, - after covering loases and 7 allowing , fir iiAbilibles to ciose of fiuancial year, is recommended to be appropriated a8 ; follows : £7500 to reserve fund, which will then be £12C,06j ; to » dividend of 10 per cent, of which moiety was paid m January, ,£l2 627 ; carfit-d forward, £16,395. Mr H. J. Tancted lias been added to tha Board. The retiring directors nre Messrs Uosfcer, ftlur . C a X-4yn.sley, and .Tancred^; they;: all offer themselves for re-election. The dividend will be payable' oa Au?u.>t ■itr— :'