THAMES VALLEY LAND COMPANY.

Waikato Times, Volume XXIII, Issue 1909, 30 September 1884, Page 2

THAMES VALLEY LAND COMPANY.

The first edition of the new publication, the "Anglo-New Zealander and Aus tralian Times," contains a report of the second oidinary general meeting of the above company. It s.iya : — '' The Cbairman (Mr John Clerk, Q C.) said that the report explained very fully the position in which the company at present stood. With regard to the purchase of land, bv the report of last year, they had at that time acquired 103,529 acres out of the 250,000 acies which were contracted to be handed over to them ; since then 32,809 had been conveyed, and there were J'l,ooo acres more making up the 230,000. They hoped soon to receive the certificates of the registration of all the land from New Zealand, so that they would then bo in a position to find that the whole of that land had been absolutely conveyed to them, as it was to be. As to the position of things in the colony, the expectations of the directors last year with regard to purchases of land had been disappointed ; but the stagnation of trade was quifceasufficient explanation of there being legislation ov the part of purchasers. Another circumstance was that during the whole of the time the railway which went right through the middle of their district had been in the course of construction, so that the directors had been by no means anxious to force sales when there was not ready a number of purchasers larger to acquire the land. On the completion of the railway they expected to have many purchasers and to obtain a better market. Their manager reported that two causes had lately operated to prevent the more rapid dovelopement of the undertaking— the general stagnation during the last twelve months, and the extiemely low price of cattle, sheep, and wool combined with the high rates of money. There was every reason to believe that in the course of the present year the railway would be completed, and then there would be ready access to the company's property. In the original prospeetion it was stated that probably they would have to call up £5 a share, hut afterwards they thought that £4 would be 3 sufficient, and that would have been the case if there had been a rapid issue of debentures. Under the circumstances it would be necessary during the course of the present autumn, to call up another £1, making £5, in order to meet the amount of the purchase money now due to the vendors in Nexv Zealand. Since their last meeting of their directors, Mr Grant, one of their earliest directors, had retired for personal reasons of his own, and the board had not filled up the vacancy from motives of economy. They had had the misfortune to lose one on the other side. Mr Morton, who went out from this country about fou i teen or sixteen months ago to take charge of what was expected to be a useful undertaking, a special settlement for the maintenance of young settlers who might stay there till they learned their business. That institution had not yet fulfilled the anticipations that had been formed of it, and therefore they did not intend to #U up the vacancy, end the place which Mr Morton had established would be let for other purposes, so that there would Le no loss to the company. With the demand there was for New Zealand produce, particularly sheep brought to this country in a frozen state, there was every reason to believe that this would be a profitable ' investment. He moved the adoption of the report arid accounts. — The oiotiqn was carried, and the returning omce'rs're-ele.cte.d. ' i

The Rangiaohia Road Board insert an interesting 1 notice to ratepayers. All claims against tke bankrupt estate of ! William Black, Hamilton, must be sent in to the trustee, Sir Ja<s. Hally, before the §rd prpxi, i ytipn a dividend wjll be declared. ( " Mr J. S. Buekland will sell at tb,e' Nganiawahia. Yards on Thursday next, a large nutn? me ot cattle of all kinds. On Saturday he will sell at the Cambridge 3azaar, 20 weight carrying hacks and coach horses, overland from Poverty