Mining Company Meeting.

Thames Star, Volume XV, Issue 4677, 3 January 1884, Page 3

Mining Company Meeting.

DAET.

The balance-sheet read at the annual meeting in Auckland showed :—Eeceipts : Calls, £5444; tributers and oruslnngs, ' £246 19s 7d ; bank overdraft, £20416s 4d. Expenditure: Battery and machinery, £1626; mine expenditure, £4041 4s Id ; blacksmith's shop, etc., £214 4s 6d ; cash in band, £10 lls 4d. Mine account : ex- i penditure £4524; receipts. £3196 19s J 7d ; by balance, £1327 12s 3d. Balancesheet (capital account): 16,000 shares at £1, £16.000; less uncalled 16,000 shares at 16s, £12,800, leaving £3,200 ; creditors' balance^ £830 Is lOd ; bank overdraft," £204 16s 4d; unpaid calls, £709 16s; battery and machinery, £1942 14s 6d; blacksmith's shop, tools, <kc.,£2d4 4s Id; cash in hand by mine account, £1327 12s 3d. Mr Greenville, personally, and on behalf of other shareholders, objected to the heavy and unnecessary expenditure in the mine. He also accused the manager of incompetency. Mr George Bull and the Chairman said Mr Stone was, a thor.oughly competent manager, equal in skill to any manager on the Thames, and he had done everything for the best intrests of the shareholders. After some discussion, the report and balance sheet were adopted, with only one-dissentient voice. The Chairman, at tbe request of Mr Greenville, promised to have the balance-sheetprinted, and a copy forwarded to each shareholder. Messrs E. B. Fraser and A. Porter were re-elected directors, and Mr J. Wayinouth was re-appointed auditor, , i