[From the Colonial Gazette.] NEW ZEALAND COMPANY.

New Zealand Spectator and Cook's Strait Guardian, Volume II, Issue 57, 8 November 1845, Page 2

[From the Colonial Gazette.] NEW ZEALAND COMPANY.

(Continued from our lust No.) The following directors retire by rotation at the present meeting, namely : — Sir John Pirie, Bart., Alderman, Alexander Carrie, Esq., Alexinder Nairne, Ksq., Ross Donnelly Mangles, Esq., M.P., George Fredeiick Young, Esq., and William Thompson, Esq., M.P., Alderman ; and are recommt nded by us for re-election. We recommend also that the present auditors, namely : — Thomas Frederick Everingham, Esq., William Curling, Esq., and Riclianl E iward Arden, Esq., be re-elected for the ensuing year. New Zealand House, Broad-street-build-ings, May 29, 1845. A letter from Lord Ingestre to Lord Slanley, in substance nearly similar to the report

of the Secret Committee, as well as Lord Stanley's answer, were read along with the directors' repoit. Before such letters were read, » Mr. Buller, M.P., said it would perhaps be necessary for him to explain to the shareholders the circumstances uude ( which the official letter alluded to in the report was written. In con^eqnenee of some convrsation with Sir James Graham, lie (Mr. Buller) wrote to Lord Stanley, he believed about the 14th or 15th of April, stating the outline of the j.roposa for the government of New Zealand by a proprietary Company, in which the New Zealand Company was to be merged, such Company to have power to govern New Zealand upon a bas's simil ir to that of the East India Company. In reply he received a note Irom Lord Stanley, appointing an interview at his house. That interview took place on the 24th of April, and Sir James Graham was present After that interview he considered the .subject, and having talked it over with two or three of he directors, he wrote a letter to Lord Stanley dated the 26th of April. It was after this that he | ostponed hts notice of motion in the House of Commons. The Government requesting that npgotialions >hould go through him, as a private individual, to the director*, the latter appointed a secret committee, and the letter signed by Lord Ingestre was then written. He had given the shareholders tins explanation, to show them that the Utter which he wrote early in April and the oiif on the 26th of that month were substaniially the same as that written by Loni Ingestre. » A letter from Lord Stanley to Mr. Buller was then read, and Mr. Buller again rose and said, that on the 19th of May he received a letter from Loul Stanley regretting to find that upon deliberation her.^Majesty's Government coul i not adopt the plan proposed, and that Lord Stanley would, if he (Mr. Buller) called at his house, state to him the reasons why the Government ha.i come to that conclusion, and that they would see if some other j.lan could not be adopted for settling affairs. He communicated the contents of the letter to the committee, and wrote back to Lord Stanley to say that he hid done so, and that he would wait upon his lordship. He accordingly did so, and Lord Stanley then stated to him the reasons why the Government had not adopted the plan proposed. Those reasons he (Mr. Buller) had not thought it proper to communicate, because he had no light to state another man's arguments — they must be stated by himself. His loidship on that occasion mentioned two bases, on eiiher of which he stated the Company might hereafter treat with him. He told his lordship he would communicate them to the committee ; he did so, and they wou'd find that Loid Ingestre's answer adverted to his (Mr. Buller'>) communicat on. The Chairman sail it was necessary for him to state' that the documents and minutes of the proceedings of tl c committee were in course of pieparation for the shareholders, and would si ortiy be placed in theit hands. The committee had ftlt that a heavy responsibility rested with them — on the one hand, the responsibility of tarrying on with the Government a negotiation which might tend to the benefit of the colony and the shareholders at large ; and on the other hand, the danger ot compromising the interests of the Company, by losing the opportunity of bringing the case before the House. He trusted the sharehdders were satisfied that the committee had done all in their power both for the advantage of the Company and the colony. (Cheers.) In fact, they had lost no time by the postponement of Mr. Buller's motion in the House of Commons (hear, hear); foi it was clear that, during the protracted discussions upon the Maynooth grant, the question could not have had due consideration. They had had able and comprehensive pl.ms under discussion with the Government from time to time, and had had an admission to a considerable extent of the justice of their claims. (Hear.) A statement of accounts was next read. It appeared that the total receipts for the last year were £60,490 : 9 : 11, and the payments £50,719 : 19 : 7. The reception and adoption of the report having been formally moved, the following letter was read by the Secretary :—: —