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ODDFELLOWS' HALL, HAMILTON.

The public meeting at the above hall on Saturday nigh);, called by fchc Trustees ot the Oddtellowa' Lodge, was not ho well attended as was anticipated. Mr Seddon occupied the chair, and after reading- the notice convening the meeting Mr Potter proceeded to elucidate the plan of the promoters tor disposing of the Hall and forming a company under the Joint Stock Company'^ Act for its purchase. Mr Potter after referring to the advantages of having so flue a building for a Public Hall, and generally commending the spirit of the Oddfellows' in undertaking such a work, explained the financial position of the Hall which is briefly as follows : — The property consists of Hall and site, together with another allotment in Oo«ak-street, Hamilton Bast, and is valued at some £1340. Upon this security a sum of £700 has been borrowed upon mortgage for ten years from November, 1880, at 9 per cent. The promoters propose to form a company with a capital of £1100 (the price they agree to take fo their 1 property), of 1100 shares at£l eacli. r Of tins sum they retain £350 paid up shares, and offer to the public the balance of 750 shares upon the following terms : Is per shape on application, Is per share on allotment, and the balance by 12 calls of Is 6d each every six months, thus extending the period for raising the capital over a terra of six years, and by this means placing it within the power of every member of the community to take an interest in the undertaking. After Mr Potter had concluded, the chairman asked if there were any further explanations required, and if t not he thought > tlie object of those gentlemen who had called them together had been gained. It now rested with the public to'tensUre.' a successful carrying out of the project, and as he understood applications for shares would be received at once by Mr Pascoe, the ' Secretary 1 pro tern, who , was in attendance, he would declare the meeting closed to enable those present de- J sirous of making applications for shares, an opportunity for so doing. A vote of thanks to tue chairman terminated the meeting. Before dispersing however, considerable disoussion was entered into, and although the meeting was not largely attended qver. 200 shares were applied for in the room. t*

It is estimated th^t there are 57 lady editors in the United Statea. / , t A f Pi t 9isiijr who owned and leaaed a ■house in ,a, country town did not receive his quarterly. rent at the.yisual time, an,cl went down at the beginning, of the, next quarter to .look af ter, Jis tenant, Neither the tenant nor ,the hou,se i could be founds The t tenant; (had. §pl4,eY e Py ,briok ofjithe, building to a contractor, who had ofltted thojn to Par^. }, »*,

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WT18810823.2.11

Bibliographic details
Ngā taipitopito pukapuka

Waikato Times, Volume XVII, Issue 1426, 23 August 1881, Page 2

Word count
Tapeke kupu
479

ODDFELLOWS' HALL, HAMILTON. Waikato Times, Volume XVII, Issue 1426, 23 August 1881, Page 2

ODDFELLOWS' HALL, HAMILTON. Waikato Times, Volume XVII, Issue 1426, 23 August 1881, Page 2

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