Lhe ordinary half-yearly meeting of the shareholders in the above company was held at the hotel on the 28th July. Theres wore present:—Messrs. W, K. Hughes (Chairman), A, doe Remedion Lil." fames, D. McCulloch, C. 8. Taylor, Fo Goorye, W. 'M. Morgan, BL. B. Polishwalla, 1., t. Arnold, A. E Vaucher, A. Wemyss,. G. Williamson, J. H. Cox, D, Jones, and L, Hauschild (Gocrotary.} The Oxarnman said—Gontlemen, the report and statement of accounts for the Inst half-year have been in circulation for some time, and with your permission I will take them'asrosd, I have hardly auythiny to add, as the report embraces in de connected with the working dur-jerled under review. 'I'he charges ly in excess of those of the pre-alf-yenr owing to outlay on plans and photographs of building and ex-whi our opi sary for circulation broad sure due competition for the new lease October, 1883, Lam happy to inform you that the board have succeeded in obtaining the loan at a reduced rate of interest. With th ing and by the practice of economy ie matters we hope to render a more sal factory balance sheet in the future.
With reference to necessary to call an extraordinary general meeting, which we propose doing after the next ordinary meeting. In the meantime it is not our intention to enforce the fee. it would not be further information to the prospects of letting the hotel.
The Cuarnman—At present we are commencing. We have taken the it tive by getting plans and photographs of the building prepared and having particulars circulated with a view of scouring the very best offers, Of course it takes time to communicate with America and other places, where'we hope to find some one who may make a much better offer than the present rent. At the present time we are waiting to see what the result of these measures may be. I may mention that the present lessees were invited to tender first of all, giving them the preference, to seo if they would treat with us om a liberal basis, and they put us off by saying there was plenty of time. We are not going to be placed in such a position that at the last moment we shall have to go to them and accept their terms—(Hear, hear). If there is no other question I beg to propose the ado;-tion of the report and the passing of the accounts, Mr. Foss seconded the proposition.
Carried unanimously.
REPORT, In accordance with section 53 of the articles of association the directors have now to submit to you their half-yearly report, with statement of accounts for the mouths ending 30th June, 1882.
During the past six months no repairs have been necessary, and the building ina in the same satisfactory condition
Text read from the printed page and cleaned; old type leaves the occasional error.