ADJOURNED MEETING.

Thames Star, Volume VII, Issue 2027, 3 July 1875, Page 2

ADJOURNED MEETING.

The adjourned meeting of the company ; Was; held at half-past one o'clock —Mr Jackson in the'chair. | Mr Cameron presented for registration a transfer to Mr Tyler. : ;? - ,Mr -- G-., S. Graham, said he would receive it.'"'''"'"' '■'•■' '■'" ■■''■■:-'~' ' ■ „■,,. _< Mr Cameron presented two others, and Mr Wickham one, accompanied with 'thejnccessary half-crowns. ■•,, ■■'*, - - Mr Tyler 'said. • he! wanted- his name to be on the register. • '" j Mr Cameron and others were Jof the same mind. .. .., „„, x j "The'clerk then proceeded to enter'the transfers on the company's register,' which; occupied some time. j ; . ; Mr Jackson opened the proceedings by calling on the secretary to call over the names. : „.,... Mr Jackson moved that the register Be now closed. Mi* Brassey seconded. Mr Tyler said certain matters being in dispute between the Company and

the Secretary, lie thought it would bo advisable, in t'ae interests of the shareholders, to appoint some one to take minutes of the meeting irrespective of Mr.Grahani. He would propose that Mr Sully be appointed. Mr James, Beeche seconded the resolution. Mr Graham had a personal objection to Mr Tyler's proposal. He had'no objection to Mr Sully, in whom he felt every confidence, but he thought the gentleman present, together with the Chairman, would be a sufficient guarantee as to the correctness of the minutes taken. The minutes could be read but to them as the meeting proceeded. Mr. Tyler's, remarks implied a distrust in him (Mr [Graham);which he did not like. Mr Wickham agreed with Mr Graham. an impression that he was antagonistic to the Company, but he liad'come there with the intention of {performing what was in reality an .onerous duty and heavy tax.; ■■■>'•*■ -* U £':.i, ' . h . ] *„•..-- -... Mr .Tyler remarked that, Mr ; Graham 'was mistaken as'to' his'meariihg- ■ Heidid not wish to imply that there existed any,,want of cpnfidence.in Mr Graham. But inasmuch as there swas' a dispute between Mr Graham and the shareholders, and as that dispute might result in litigation, it seemed to him (Mr Tyler), only wise that they should have correct minutes of the_meeting for the satisfaction of the shareholders. He did not say whether Mr Graham was or was not taking correct minutes, but the shareholders should be satisfied. i ' Mr Brassey opposed the motion. He objected to thoir being hampered'by a person taking minutes for the satisfaction of Mr Tyler. * ; The Chairman put the motion, which , was carried by 12 against 8: Mr Wrigley proposed that the meeting bo adjourned, and that tho Secretary be instructed to, call another meeting within a month. Mr Graham .seconded it, and did so because there appeared to' be an unwillingness to do .the acjtual business. He should most certainly say adjourn, and they would then have time "to get their friends together and have the names placedon the'register.- The business of the meeting had not been brought-forward at all to-day; outside matters had been. discussed. • ' v Mr Perry moved an amendment, as a. number ■> of the shareholders, were present, and as they might'not b« able to attend at, a .future meeting, that the business of the meeting be proceeded with. . > / Mr Wickham seconded the amendment, which was carried. Mr Graham voted for the amendment (against his own motion) on conditionthat they proceeded at onceto business. Mr Tyler'raised an objection to the motion for adjournment. Of those gentlemen who were in the position of directors at present, one was absent from the Colony, and the others were to many persons unknown. They could not act without the full number being present, and in order that any action taken might not be questioned, it was necessary that directors should "be appointed at that meeting. -Another and equally imperative reason why the adjournment should not take place was that there happened to . be a dispute about 1000 ' shares. That matter ought not to be left in abeyance. The shareholders should secure their interest in those shares. It was very possible that at the end of'the month the 1000 shares might be non est. ,lle thought they should go on with the meeting in the interest of the shareholders... The amendment to proceed with the business was carried. Mr Tyler said, in the first place, the meeting was not competent to deal; with the rules to-day, as sufficient notice had not been given. He read the clause of; the < Joint Stock Companies Act referring to the matter.' After some discussion Mr Tyler's reading was admitted to be correct. The.chairman said it would be better to proceed to the election of directors; the point seemed to be beyond settlement. ■ '. Mr Cameron proposed the following gentlemen as directors of the Company, namely, Messrs John Neves, W. B. Jackson; W. Sully.-L. Ehrenfried, W. A. Hunt, James Beeche, M. Henrielly, J. It. Perry, W. Sims, Wm.jMpCullough; i, Mr James Beeche seconded the proposition. . .' - . - Mr Wickham proposed that the directors be five. Mr J. B. Graham seconded, as. did also Mr Wrigley. "Mr Tyler thought, five directors would be more workable, but he didn t see how it could be; altered,as ten had signed the memorandum as provisional directors, and a like number had now to be elected, ,as no notice bad been given to reduce the number. If notice were given an alteration could be made at the next general meeting* Mr~ Wrigley. said the number of directors of Joint Stock Companies in Auckland was generally five. Mr J. B. Graham called attention to tho Act, and thought it "competent to define the number of directors at that meeting. Mr Tyler replied :' He said it appeared ho had not.made himself clear to Mr. Graham, but he had not fortified himself with proof. He might- say again that it was incompetent for a number to be appointed. . The Chairman said if ten directors were appointed, an extraordinary meeting could be convened, by notice to reduce the number. Mr G. S. Graham thought the provisional directors', report ought to be adopted, and the directors retire before the others were elected. The report was then put and' adopted, and the provisional directors retired. The mine manager's" report wa3 then adopted nem. con. Mr Jackson left the chair. Mr Brassey proposed that Mr Tyler tate the'ehair, and it was carried. Mr Tyler took the chair and said ho would endeavour to give satisfaction by his ruling. It would bo well, to .proceedto business, for which the meeting was called. "Mr Cameron then movod his'- pro--position. _ - Mr Wrigley moved as an amendment, that the following be appointed : —Messrs Jackson, Neves, G.. S. Graham, Josejph Howard, W. A. Hunt, C. Alexander, R. M. Abbot, W. Flood and J; Ton dor Hyde. , Mr Hunt declined to act. The Chairman thought it would be better to reduce the voting to one vote. Mr G. S. Graham proposed Mr! Wrigl' ley's name. The Chairman said a motion was before

the meeting and any other must be m amendment. Mr Wrigley said he would then propose that Mr Neves be a director. ' jThe Chairman concurred. , .. Mr Peter Brown was proposed in place of Mr Hunt on the proposition of Mr Cameron. _ ,| -'••'■ Mr. Wrigley said he would leave Jiis original proposition as an amendment.; ; iMr Henrelly's name was then put on Mr Wrigley'slist to make up the requisite ■number. • fp.->r ' The Chairman laid down that as jthe matter stood his opinion was that voting must be for one list or the other. - Tho meeting.demurred, and the Chair:, man said of course he was always open to be ruled by the meeting. The movers of the resolution and amendment agreed that the voting should be to allow shareholders to pick out ten names from both lists. Somo further discussion ensued, when it was decided to take the vote on the proposition and amendment as a whole. < 'The result was that Mr Cameron's motion was carried. ,- I A poll was demanded, which lasted for nearly two hours, resulting as follows :— , . For Cameron's motion ...,. 918 votes „ Wrigley's „ ' ...'"575 „ The directors proposed by Mr Cameron wero-declared elected. " : < Mr E. T. Wild man was then elected, secretary, and" lomo other .business was done, when the meeting adjourned.^ ,