INGLEWOOD NEWS.

Taranaki Daily News, Volume LII, Issue 346, 23 March 1910, Page 8

INGLEWOOD NEWS.

(From Uur Uwn Correspondent.) ( Taranaki farmers do not depend entirely on their milk supply as a somv.of revenue. As a proof oi the utility oi and profit on wliao may be uinned mc bye-products of tne farm, it is interesting to note that tile ingiewood fjatvn Curing Co., Ltd., has paid out tins suiu of £1324 3s Ikl to farmers for pork during the month of March. The annual meeting of the jilectiic Light and Power Co. was held on Monday afternoon. There was a somewiiai, small attendance, only 19 shareholders ibeiug present. Mr. B. K. Nicho.is was in the chair. The report and balance sheet were read and adopted. The b.u-anee-sheet showed a profit of .CXX) Ste •>" for the year—a decidedly satisia. lorresult financially. Out of this « dividend of 8 per cent, was declared, art advance of 2 per cent, on previous dividends. The question of finance was then raised. The directors were recommended to consider some other mean 1 ; of finance than the present, _ so as to relieve the guarantors of their liability to the Bank for the overdraft. Nominations for the three vacancies on the directorate were then received. Only three candidates were nominated, Messrs B. H. Nicholls, W. Marshall and W. E. Richardson, and they were declared duly elected. Mr. W. E. Percival was reelected auditor at the same remuneration as previously. The meeting wa« concluded by a hearty vote of thanks to the director- for their past services and a. £lO 10s honorarium to each. The first meetins of directors was held immediately afterwards, when Mr. B. IT. Nicholls was elected chairman. Quite a small flutter of excitement was caused by the passing' through Tnfrlewood of the express train on Mon- ! (lav night bearing the far-famed Australian cricketers wlio are doing battle asainst the Taranaki "P 1 "")." TnorV woerl snorts, impelled'no doubt more V patriotism than logic. will not hear of the def'-it of the local team. Although it is hardlv to be expected that Taranaki will win, still, the recent stands made bv Taranaki against. Mana•vntu and Wanganni l p a/l us to believe that spectators will at least' get. a "good run for their money."'