Page 3 Advertisements Column 1

Poverty Bay Standard, Volume X, Issue 1228, 19 December 1882, Page 3

meeting, but opinion was so diverse that it r * s %ad been agreed to leave it, as it should be left, to the shareholder* to decide whether they would accept tribute or not. Mr Barnard seconded Captain Porter's amendment. Captain Tucker thought the spirit of the amendment good, as it is unwise to veto tribute in loto. How could it be possible to refuse an advantageous offer, but without alteration the amendment is impracticable. He thought some abdication should be given to this meeting of what covenants or agreements they would require as a sine qua non, Mr Barnard said he understood the amendment to mean that regulations should be i framed by the Directors and submitted by them to the shareholders for approval. Captain Porter said that was his meaning in moving the amendment. He would even , leave it to the Directors having sufficient confidence in them to know that they would j do their best for the Company. Mr Stubbs said that he thought that the » Directors should carefully consider the . matter in the interim, and come to the ; shareholders at the next (February) meeting ■; with fixed propositions and regulations for tribute. That would meet Captain Porter's ■ and Mr Barnard's views. Captain Porter said he agreed, i Mr Barnard agreed also. k Mr Clarke said it was no use talking ; against a block vote of 24,000 shares. Mr Carlaw Smith congratulated Mr Wilson i and the Southern representatives on the : strength of their position, but would beg ; them to represent to their constituents the ’ decided feeling of shareholders here in favor ' of tribute. They are bound to block vote • the Gisborne snareholders. They must • block every ball sent up to the wicket. Mr Stubbs, jun., said Mr Wilson’s motion j really met the necessities of the case. It : would be very unwise to let at present. Thgahareholders are only tributers to the : now. They should expect a large bonus from people anxious to rent on tribute, i £6OOO bonus had been paid by the present | shareholders. Mr Motley said that as it appeared that j the Directors intended bringing the matter ; up again directly the Southern representa- < tivea backs were turned ; he would ask them | to draw up a well digested scheme for tribute and have it circulated among share- ; holders with a blank fly leaf for signature of ■ approval or dissent. At present he saw no such proposition. Such a course would • obviate the necessity of sending up repre- ; sentatives. Mr Maude explained at length the difficulties under which the Directors had been ; laboring. He was willing privately to make J one in testing other ground with one or two ; experimental bores, so long as it was outside ; the Company’s funds. Mr W. Wilson explained that the matter ! had received mature consideration at the ; hands of the Christchurch shareholders. He i opposed, with them, the tribute system I OM/y until the ground was further prospected I —not as a principle. If he were to send a i favorable report down South every available i share in Gisborne would be bought up, and , the Company's coffers would be amply replenishea. There is good ground for be’lev : ing that the Company will get oil in abun- . dance, and there need be no hurry for tribute. The utter inadequacy of the offer • caused the idea to be scouted in Christchurch. Still neither Mr Motley or himself were opposed to tribute generally, but they were for i the present time. He knew it was perfectly ' easy for Mr Motley and himself to defeat any tributing project at present, and he I thanked the meeting very cordially for the patience for which they had listened to him.

Mr Stubbs asked if Captain Porter’s amendment was inconsistent with Mr Wilson’s motion. He took it not. The proxies handed in were as follows Mr W. Wilson, 11,640; Mr W. G. Motley, J ; Mr Stubbs, 1.520 ; Mr Keefer, 650. t The proceedings now assumed a more cheerful appearance, every’ shareholder, nearly, appearing to have gone considerably wrong so far as paying calls is concerned. As Mr Clarke observed, the whole thing was a foregone conclusion, the Block votes effectually clapping a stopper over all on the whole business. Even had all the calls been paid up the Block votes must have carried the day. Mr Wilson's motion was therefore declared carried. For motion & against amendment 25,515 Against motion, and for the amendment 1,300 Majority against24,2ls Mr Stubbs, jun., mooted the question of a visit to the Company's ground. Mr Katclitie proposed, and Mr Wilson seconded, a vote of thanks to the chairman, and the meeting now terminated. Mr Carlaw Smith, on behalf of the shareholders, expressed the gratification feic generally at the visit of the Southern representatives. Mr Wilson returned thanks.

NEW YEAR'S SPORTS. A HANDICAP RIFLE MATCH, for all Comers j Horse Racing and Caledonian Sports, will be held at KAITERATA HI, near Ormond, on NEW YEAR’S DAY, when upwards of £2O will be given away in Prizes. Full particulars in a future advertisement. A. PETERS, Kaiteratahi Hotel, 387 North Ormond. Lecture on the Tabernacle. nnHE THIRD LECTURE (with diagrams) J_ on the above subject will be delivered bv the REV. J. HILL, in the Gisborne Schoolroom, TO-MORROW (Wednesday) EVENING, at half past Seven. Admission :—FREE. 390 Poverty Bay Cricket Club. A GENERAL MEETING of the Members of the above Club will be held at the Albion Club Hotel on THURSDAY next the 21st Inst., at 7.30 p.m. A full attendance is earnestly requested. Wm. RATCLIFFE, 389 Hon. Sec. TENDERS. TEFDERS are invited for supplying Cart ing, Stacking, and Thatching, Ter Tons of unthrashed Hav. Tenders to bt sent in to EDWIN MATTHEW 3, Boebucl Road. Gisborne, not later than January loti 18831 381 DANCE! DANCE!! a A SELECT DANCE, (by particular re quest) will take place at the MAKAR AKA HALL, or. THURSDAY NEXT. Mr J. J. CRAWFORD will provide thi Music. Tickets :—2s Gd. Ladies are invited The first Quadrille to take place at S p.m ■harp. 38<