AUCKLAND STEAM PACKET COMPANY.
_ .ting of tW Auckland The annual Company was held on the Steam Pacfepfgjn jjxidy in the chair. 28th May r j shewed the balance to profit -Fhe.j’after writing off £677 14s 3d for an dilation-£2,009 6s 6d for loss on sale d e che Golden Crown, is £4,714 14s od ; fiis aruount, with tho reserve fund of EoOCkV end £27 15s 7d balance of Insurance Fund, shews the accumulated
profit of the Company, from May 10, 1872, to be, after payment of three halfyearly dividends or 5 per cent, each, 9s lid. A dividend of 12j per cent, was declared. The directors are glad to report that the increase of capital sanctioned by you, promises to place the company in a position to extend its operations, and meet the daily increasing demand for safe and rapid communication with our out ports and the Pacific Islands. Messrs. Morrin, Wardrop, and Stevenson were unanimously appointed directors. It was resolved that the directors should in future receive honoraria for their services, and that of the Chairman should date back for the past three years.
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Poverty Bay Standard, Volume III, Issue 279, 9 June 1875, Page 2
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185AUCKLAND STEAM PACKET COMPANY. Poverty Bay Standard, Volume III, Issue 279, 9 June 1875, Page 2
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