ASSETS AND LIABILITIES.

Manawatu Standard, Volume X, Issue 46, 22 July 1885, Page 2

ASSETS AND LIABILITIES.

Bank Qy^a^t,; £28^.189 6d; paid account , : J^i3ati,f ;^gsa salary, £^^^358.18^^ ■'■' . .£:■*.?■£ '\-£- : : :AssKpa. : .; :: • ;. -. ; Overdraft guaranteed to bank to b* paid by<: Bo'rougji Council, £845 ; nomina- . tions aM accGptariQea due, £4 10s ; contributions'.to £&KesV Purge, £1 10g; amount lent on 1 Mortgage, £100; move* able property, roller^ books, outfit for olerk of bourse, £18 ; total £469. ■\- Improvjements; to 'course, &c, as per valuation— gteh&statid abd booth. £370; band stand, £0 10a j racecourse and training-course,^; i£2^B?f /Hurdle poles, fencing, pumpj/iind piping, £32 } total, £GBS 10s- >;; ; •. Proposed by seconded by : Mr Pratt and carried— That the report and balance sheet be adopted. The statement of assets and liabilities vras accepted as most satisfactory, : The-' Chairman suggested that instead of proceeding with the business as set down on the circular, the election of secretary should first be taken. , Mr Hanna proposed, Mr Pratt seconded—That Mr T. King be elected secretary of the club for the ensuing year at a salary of £50 per annum.— Carried. The Chairman proposed that the meet* ing next elect a committee. ■ Mr -Hanna proposed the following; gentlemen as a committee:— Messrs F, E. Watspn, W. Akers, J. R. F. Pratt, W. Prehllergaat.t J; Kiiig, D, Pririgle, H. W. Haybittle, Dr ; Maointire, A. E. Johnston, D. -Brick, and J. E. Fulton. Mr 'Palmerson asked if the committed would not be elected separately. ; , Mr James; King stated that it was usual to elect the members separately, but that the adoption of th.fi present 'cour3e saved "a good deal of bother. I£ any one present wished to add to the the number already named he could do so and a ballot, would- be taken. The Chairman endorsed the speaker's, remarks. "•';■-.' . Mr Knight said the names as read ra» presented^ good, men for the position but perhaps "they would not all accept their: election. . -.-.'.... ' Mr Hanna said he was sure of all, excepting. Messrs Buick, Haybittle, and jWatsoh. "'.- \ . ■ After some further disou.sslon, ths : motion haying .been seoonded by Mr Park waj* carried. - ; TJie flection of stewards wajsi n.ex% proceedsd with. .;'...- . : The following gentlemen were proposed : — Messrs A. Russell, M. Prendergast/J. R. F, Pratt, Dr Maciaftve, J. E., Fulton, a.nd R.S, Abrahams. \ In making the proposition Mr Hanna. remarked that his reason for acting as proposer of these two resolutions was oq account of his own name not appearingin either of -them, m proposing thQ Stewards to be elected he knew -they would all act if they were returned. Mr 'Abrahams was the only one he had any doubt of, and he had been unable to communicate with him as he was away iroih Pahherston. ■ .' ' Mr Hankins seoonded the proposition, ■; Mr . Palmerson suggested that th© names be onoe wore read over. He thought that the outside districts should be represented; Foxton, Rangitikei and other placed, the gentlemen proposed ap. peared to him to be all town men. ; The Chairman stated that when the Club was first established the promoters had endeavored to make it a thoroughly reprekenfative one, but it was soon found that outside members did not take sufficient interest m,, the Olub consequently the subscription has been raised to £3 2»v •' , """ '. '...'" ■*■..' ■ ifr Park thoiiffht that outsiders would •nottact if elected, he also believed that .tho .places mentioned had clubs of their "own. ■ The following gentlemen were then proposed m addition to thoie already mentioned .: — Mr Thos, Fraser by .Mr Palmerson,. seconded by Mr Skerman, Mr Adam McDonald by Mr Hankins, seconded by Mr Prendergaat, Mr J. JWaldegraye by Mr Palmerson, seconded by Mr Prendergast. Mr Thos. Knight was also proposed but was. withdrawn on the understanding he would act as Judge if elected. _.MvJ%s. King proposed that Mr Palmerson act as scrutineer, seoonded by Mr Skerman and carried. The ballot having been duly examined the following gentlemen were elected.,^ 1 . J. King, ; Adam McDonald, J, R^l|jg Pratt, R.S. Abrahams, M. PrendergaL^^ Dr Macintire, A, E. Russell. Thd following gentlemen were also elected :— Mr J:. Knight, Judge, proposed by Mr Palmerson, seconded by Mr Park, Mr A. S. Bentley, Clerk of Scales, proposed by Mr Pratt, seconded by Mf Knight. ; Mr Evett (Napier), Handicapper-, pro, posed by Mr J. King, seoonded by M* .Skermati. , Mr J.C.. Nathan, Starter, proposed by Mr Pratt, secQnded by Mr Park. ■ Mr- Haybittle, Timekeeper, proposed by- Mr Pratt, seconded by Mr Hankins. : Mr Hanna, Treasurer, proposed by Mr Park, seconded by Mr Pratt,