MASTERTOM P. AND A. SOCIETY.

Wairarapa Daily Times, Volume XI, Issue 3399, 28 August 1890, Page 2

MASTERTOM P. AND A. SOCIETY.

A meeting of members of the Mae-, terton - Pastoral and Agricultural Society was held in the Club Hotel yesterday afternoon, Mr D Donald in the chair, The minutes of the previous meeting were read and confirmed. Messrs Reid and. Gray wrote, offering to supply a turnstile used at the Dunedin Ebhibition for the sum of £l4.

It was decided that the offer be accepted. A letter waßread from the Manawatu and West Coast Pastoral and Agricultural Society, requesting this Bociety to apply to'the Stock Department for a copy of tho brands and earmarks register for the North Island, so that members would not be compelled to'go to Wellington to see the same, After some discussion it was decided to agree to the request. Tenders for printing prize lists were opened and the lowest accepted. Mr Walker'was authorised to prooeed to Wellington to assist in procuring prizes, it being stated thafMr Beetbam had already done good work in this direction...' Messrs Hessey, E. Chamberlain and Guild wero, appointed a committoe, to canvas Masterton and distriot for prizes. The allotment ct special prizes was left to a committee consisting of Messrs W. Perry (2), Hessey, T. E, Chamberlain and Gray. . It was resolved that tenders he called. for printing tickets, oto„ and that the horse parade be advertised for three weeks in the two Masterton and Carterton papors. The meeting closed with a vote of thanks to the Chairman

Wellington Moat Export Oomjiay

First Annual Meeting.

The annual meeting of shareholders of the. Wellington Meat Export Co, Limited, waß held in the' Chamber of Commerce yestorday afternoon, There were about twenty-five gontlemen present, and the Chairman of Directors, Mr W 0 Buohanan, M.H.R,! presided. The minutes of the previous meeting having been read and srj. firmed, Mr Buchanan moved $§ adoption of the report and balance sheet, and in doing so congratulated the shareholders upon the aumeijjjfuj result of the first year's operations since the amalgamation.with the Meat Preserving aad Refiigeratipg Co, At first considerable difncujpy was experienced in arriving at satisr factory terms, but he was sure the i shareholders would agree withVbihl that'the results .of theoperation* siuce the amalgamation had taken place were of a most,' satisfactory nature, The Company had secured a new site I «t NgaliaHraijja fg'r Mm orations

with an .extended lease of 4£years, . and upon this site the Directors intended .to erect additional freezing works, ' as well as to remodel tho : slaugbtor-.: ~,.•■ . intt. establishment and make. pro- '] , ,;. vision for converting the offal into ..':•:. manure. Mr Buchanan then showed': ; »v by figures how the Company's, busi-. , jjr iksb kd steadily increased. Taking .A. for example one bullock to, bo equal >.,._.. to.tvelre sbeepi--the>- =totolß for>tho various years were as' follows: 1886, 21,916, sheep, were•'■; frozen;; ; 1887,50,601 sheep j 188'8, 112,169', ~ sheep: sheop; 283,756 sheep. The., cattle were-. . in 1888,660 head;~ 1880,5086; ,1890..,-. 7311 head,;^(vjng^,;th?xhrg^i.:.' ; export cjiirried pa ; laet; yeair t|?9 ; ." e ' ingcapacity of;;the^fjotnpa|j^as,,A/'■■■'• found to s bo.. quite. insuffiojnLv, and;jVf A the Directors regretted tbaV a. con A'' Y siderable quantity of stock, principally -figic. cattle, had to bo avoidably '■'; a-? This difficulty -would, to aygreat. , extent,be avoided^in, ; ,the;future, because tho additional jworks; at . Ngaariinga would freezt • about',9oo .;> sheep B(lay.iidditionali and' jlwe ; iA would be additional store room for.A v about 24,000 Tbo prices for'.;. " stock had not realised such good prices A ; lately, but this owing, MivßuohahariA ; . sa'd, to tlio ruah of ■ Anierionu.'beef - inti the Home market. However;ifc • ■;. ■'>) coiildihardly' : bo oxpectod -that this • ')jk .would last, beoause v he hridlit 6d good,' \ ■■ authoritythattk'elosses to exporters .:_; * of American beef had beenabout ', , JSBOjOOO a week. In conoluslofa,.. Mri.., to freights, land ■?,;:' expressed "a belief "that before long ; they would.: be Jower'ed, • hisireasons . being that thelaunohing of additional. ■'..... large cargo result in ■■■■ j ;.■./ the reductionot prices. Hethen moved the adoption oE the report and balancesheet, which stated that duriug the 12months ending.June 30tb last, there;.' ,• have been frozen and shipped from tho* ..'jj|_ Company's works 146,024 sheep and lamba, and beef equal to 7311 of 7501b weight. Ic addition there were in the freezing chambers on.Tuno3oth 5340 sheep, and beet equal to ..563 ' oattle. Tho quantity aetually shippedshows an increase, as compared with ■ last year's work, of 25,702 sheep and - lambs, and 2225 cattle, After making proper provision for depreciation; there, remains at the credit of profit and loss £341561 od, The Directors recommend that the usual dividend of 8 per cent be paid, which will absorb £2498' 16s lid, loaving £916 9s lOd to carry . forward, ' .*,'. Tho motion was seconded by Mr P ' Hume and carried unanimously,

On the motion of Mr George Beetham, the retiringDireotons, Messrs JO Pharazyn and J W Marshall, were re-elected.

Messrs 0. P. Powles ondD.T. Stuart were■■; auditors,, or} the motion of Mr Evaas, seconded by 1 Mr Beetham, their remuneration to be the same as last year. On the motion of Mr Beetham, seconded by Mr P. Hume, it was agreed that a sum" ••of-/SI 60;, be divided annually' between tho Direotors, • On the motion of Mr Beetham,'a vote of thankß was passed to, the Company's Secretary and the clerks in the office.

Mr Sladden, the Secretary, on behalf of tho officials, thanked tb» Direotors for trio compliment,' and expressed a hope.that the next annual report wauld prove as satisfactory as the present, < A voto of thanks to the Chairman and the Directors terminated the proceedings,—Times. , , .