MINING COMPANY MEETING.

Thames Star, Volume VII, Issue 2541, 27 February 1877, Page 2

MINING COMPANY MEETING.

Welcome G.M.Co. The annual meeting of the shareholders of the Welcome G.M.Co. was held at the company's, office, Queen street, at 2 o'clock this afternoon. There were about a dozen shareholders present, and M? D. R. Gellion took the chair. The legal manager read the advertisement calling the meeting, and after that the annual report of the directors was read. It gave a lengthy account of the history of the mine, and made several recommendations for the future management of it. It concluded by impressing on the shareholders the necessity of paying up their calls so that no delay should take place in the execution of the work. The balance sheet was next read. It showed a balance of £154 12s lOd to the credit of the company. The capital account showed that the uncalled up capital amounted to £12025, and the called up capital to £975. After the* legal manager had made some explanatory remarks regarding the tramway agreement, he read Mr Goldsworthy's last report, which has already appeared in these columns. The Chairman jnoved the adoption of the directors report and balance sheet, which was seconded by Mr Partridge and carried. The Chairman announced thai the next bustness was the election of the board of directors, as according to the rules of the company all retire. Mr Salmon moved that the old board be re-elected. Mr Mahoney objected to Mr J. Goldsworthy being reelected, saying that he had done all; in his power to ruin the mine.. After some discussion. -Mr Salmon's motion was carried. Mr Salmon was re-elected auditor for the ensuing year. The matter of past directors' travelling expeases was then brought forward by the legal manager, and some discussion ensued, Mr Mahoney objecting to Mr Dnmke getting £Jo for his" expenses. Mr Skeen moved that £10. be,paid to Mr Dumke for expenses. This being seconded Mr Brown moved as an amendment that the sum of £20 be placed in the hands of the directors tor payment of past expenses of directors. Mr Ske.cn withdrew his motion and the amendment was carried xinanim»usly. A vote of thanks to the Chairman concluded the meeting.