The annual general mesting of the shareholders of this Company was held on Monday in the Shi Club, Mr.
Ringer in the chair.
The Report and Accounts presented were as follows The business of the Company during the carly months of the year just passed was more satisfactory than that of the corresponding mouths of 1885, and gave promise that the accounts of 1886 would show a substantial improvement upon those previously submitted to the shareholders. The Directers regret, however, that the subsequent bu ness has not been so satisfactory; nevertheless receipts aggregate about the same as in 1885, and as working expenses and cents of repairs have been somewhat leas, the credit balance to be dealt with la Tls. 7,907.42 together with the balance brought forward from last year, Tis, 595.07, making a total of Tls. $,503.49 which the Directors recommend should be appropriated as follow: Te, dend to Shareholders at Return to Contri for the half-year ending 30th June 1986, at 10 per cent on Tis, 6,375.38 637.54
Return to Contributors of business for the half-year ending let
Carried to Reserve Fund 1,000.00 Balance carried forward. 835.82
Tis.
The Boats of the Company have been kept in repair and the flee! in good working Mr. Wood having retired from the Board, Mr, Ringer has been appointed to fill the provided by the eligible, offer Worxisa Acoust, For Six Months, ended 30th June, 1886,
Text read from the printed page and cleaned; old type leaves the occasional error.