BELVEDERE HALL.

Wairarapa Age, 16 March 1927, Page 4

BELVEDERE HALL.

MEETING OF SHAREHOLDERS LIQUIDATION SUGGESTED. (“The Age” Special). .. A meeting of shareholders of tho Belvedere-Carrington Hall Co., Ltd., was held in the hall, Belvedere last .evening for the purpose of considering tho financial position of the company. Mr. E. G. Thorne, chairman of directors presided, and of 96 shareholders only 13 attended. The financial position showed liabilities at £484 19s lid and assets as £l3OO. It was pointed out that while £390 was shown as share money, no doubt a great majority of the shareholders looked upon it as n. donation to the building, the object of the company being at the time to provide a social hall for gatherings in the district, which, when free of encumberance, could be vested in trustees for the district for all time. Regret was expressed that the enthusiasm which prevailed at the initial stage of the enterprise had not continued, the present prospects being that the hall may be lost to the district. A resolution was carried to be placed before a special general meeting on Tuesday next that the company go into voluntary liquidation. It was decided that this meeting be open to residents of the district interested, with the object, if possible, of arranging to meet liabilities and vest the ball in the district. It is recognised that if liquidation is carried into effect, it means the removal of the hall from, the district.