MEETING OF SHAREHOLDERS OF THE HAMILTON FLOUR MILL COMPANY (LIMITED)

Waikato Times, Volume I, Issue 120, 11 February 1873, Page 2

MEETING OF SHAREHOLDERS OF THE HAMILTON FLOUR MILL COMPANY (LIMITED )

The ordinary general meeting of the Hamilton Flour Mill Company (Limited) was held m the Court-house, West Hamilton, on Monday evening, at 2 pm. Captain T}eerc>~ cha.rinan of directors, occupied the chiar, and read the advertisement convening' the meeting. He said lie was happy* to say, altliougli tliey had erected their mill at 1 the end of last season, when nearly all the wheat m the district had passed into other hand-*, that a good deal of gristing had been done at tlie mill, besides ft considerable amount ground by the lessees, npon'which a ro^afty had been paid of £9 11s Gd, which, was available for dividend at the rate of *i p,c. on the paid up shares. He was sorry that more 9harc3 had not been disposed of, so as to place the Company in a better position for the purchase of wheat ; but he bolievdd in this "part of the district, and hoped that next year on presenting the balance sheet they would be in a position to declare a good dividend. He would now call upon" the secretary, Mr Morris, to read the report and balance sheet. The secret iry read the report, which ' showed that the directors had some hard up-hill work, brtt that the Company was now established otra solid basis, and they had every faith in its nltimato success. The directors intended, if possible, during the year to get an oat kiln erected, so that they niighb be" able to utilize the otcts grown in "the district, ana retain the money which now goc's avfay for oitracal. Messrs Searancke and Knox were appointed auditors. Mr Knox said, as agont for the sale of shares, several parties had asked him what check' the Company had on the Trustees that they would furnish their Company with proper returns of all the wheat, &c, passed through their hands, which was a question ho could not answer satisfactorily, and on that account, many who would otherwise have invested did not. He would, therefore, wish to hate tho matter oxplained. The Secretary replied : That according 'to the terms of lease, tho book* in which all that was received in the mill was entered, wore open for the inspection of any shareholder at the mill from" sunrise to sunset, every day, io that there could be no objection to anyone inventing. Mr Knox and thr other present considered the explanation satisfactory and the report was adopted. The election of two directors in tho room of Messrs Mor - ris and Martin, who retired, «vas then proceeded \\ ith ; ami tho following gentlemen we're proposed and seconded to fill the vacancies : Messrs Searancke, S. S. Graham, J. Knox, J. Harper, T. Morris, and J. Martin. On a show of hands being taken, Messrs S. S. Graham and J. Knox wore declared duly elected. Tho Chairman then ' pointed out that as Mr Knox was* elected a director, it wa3 necessary to elect another auditor for the ensuing ypar, to'which office Mr McGovern was duly elected. A 'hearty veto of thanks to tho retiring Directors and Secretary was accorded, and also to tho Chairman for his untiring endeavours for the Company's wolfarc, after which tho meeting* was bi'ought to a close. The Secretary informed the shareholders that lie was prepared to pay their dividends on calling at the Company's office.