TE AROHA.

Waikato Times, Volume XXVIII, Issue 2286, 5 March 1887, Page 3

TE AROHA.

(FROM OUll OWN CORRESPONDENT.)

Te Aroha, Friday. The annual meeting of shareholders in the Te Avoba Public Hall Company was held in the building on Wednesday evening. There was a fair attendance, and Mr G. Wilson was called to the chair. The minutes of the previous meeting were confirmed, after which the directors' report and the balancesheet were read and adopted. These show that the company is now in a fair position. The following are extracts from the report : —"Notwithstanding the depression that has existed since last annual meeting, the financial position of the company is much improved, as is shown in the accompanying balance-sheet, and next iti having succeeded in effecting a mortgage on the property of £175 for three years at 2 per cent, under the maximum rate of interest allowed by the resolution passed at the last annual meeting, viz., 10 per cent., and in being thus enabled to clear off the liability due to the Thames Building Society. In connection with the mortgage your directors have had to acquire the adjoining section at a cost of £10, but as there is a building upon it they expect the rent accruing therefrom will prevent it from being a liability. Attention is called to the improved appearance of the stage which has been efiected with funds received from socials, from the proceeds of a performance given by the Tui minstrels and from an entertainment given under the management of the decoration committee, the whole of these improvements beinfit thus carried out free from any charge upon the company's funds." Messrs Heathcoto, Allan, Hotchin, Farrell and. Harris are tho directors for the year now current. Votes of thanks were passed to the directors for their services last year, and to the Decoration Committee for their exertions in effecting the stage improvements. The following is the balancesheet Receipts : Balance at beginning of financial year, £4 5s 8d ; rents, £75 2s (3d ; from mortgage, £175; miscellaneous, lis 3d; total, £254 19s sd. Expenditure: Payments to building society, £13 ss; do. (final), £14(i 17s Gd ; insurance, £3 10s 3d ; salaries, £10; old account, £12 15$; rates, £3 2i Gd ; interest, £4 7s Ud ; solicitor's charges, £8 2s Gd; ground rents, £20; Wells and Soutter, on account, £10; D. J. Fraser, £2 4s 9d ; Aroha News, £2 8s; cleaning, lighting, and other small accounts, £515s 4d; balance in hand and in bank, £12 lis Id ; total, £254 19s sd.—Assets: Cash, £12 lis Id; buildings and sections, £440; sums to be refunded, £20 ; rents, £2 2s; total, £474 13s Id.— Liabilities : Mortgage, £175 ; bank, £20 ; Wells and Soutter, £7 10s; rates, £1 8s 9d ; rents, £5 ; salary, £7 ss; capital subscribed, £195 ; balance, £03 9s 4d ; total, £474 13s Id. Reports have been received of a gold discovery at Waitoa, on the property «f a wellknown settler there. Samples of the auriferous scuff have been tested, and have, it is said, yielded excellent prospects. A trial parcel of a ton has been, or is about to be sent to Auckland for treatment by some other process than the methods in use at the Thames and Waiorongomai, and if the return proves satisfactory, the find is likely to lead to important results. It is to be hoped the expectations of the owner of the property will be fully realised. A meeting of the Gordon Settlement Association was held at Wairongomai on Tuesday evening. There was a good attendance of members and a resolution was passed to the effect that all calls together with the first year's instalment of the _ purchase money of the land must be paid to the Secretary on or before Saturday March sth. It is not anticipated that there will be many defaulters. After a long interval of silence out of doors the Aroha brass band again appeared and gave an open air performance in the domain last night, when they played a number of selections in excellent style Their non-appearance in public has been owing to the absence of some of the memberr, but now that they can muster again almost in full strength, it may be expected that the inspiriting strains of their instruments will be heard more frequently than of late. Heavy rain fell here intermittently during the last two days and has done much good.