The second annual general meeting of the shareholders in this Company was held on Saturday morning, the 25th April, 1885, at 11 o'clock, at the Company's offices in Nanking Road, Mr. E, W. Rice (Chair presided, and there were aleo present rs. J. Morris and H, Bverall (direotors), G. R. Corner (auditor), W. H. Short, 0. Middleton, H. J. Dyer, B. P. Lalcacn, H. Hutchings, B. A. Valantine, J. Cottam, B. Palamountain, J. A. Stewart, J. M. Rogerson, B. R. Grayston, and W.
Clifford (Secretary.)
The Secretary road the notice calling the meeting, and the minutes of the last meeting, which were confirmed.
The Cuamax have had the accounts in your het with your permission we will take then as read, No doubt you will agree with mo that we must all regret that we have not a better outturn to show, but at the anne time considering the continued depression in business and the falling off in the exchange I do not know that it la a0 bad as might have boon expected. There jereased stock amounting to $22,000; the book-debts amounting There is an estimated falling off of $44,000 or $45,000—partly wappose, to Messrs, Sayly and Ov.!s olf;—nnd a loss in exchange of $5,000 to $7,000, If any gentleman has any question to ask about the accounts, we happy to answer them; other wise I will move—
That the Report of the Directors, Accounts, as presented, passed.
Mr, Evenatt seconded the motion, and it was adopted.
The Cuamaan moved— snuiin be paid of th May, as reoomm Bir. Monzus seconded the motion.
Mr. Larcaca—Mr. Chairman, nothing has been paid to contributors The Cuarnax—Thero is no money thi time, Mr, Laloaca, to pay contributor According to the Dead of Settlement we of pay contributors until we have first shareholders 107.
motion was carried.
Mr. Vatanrixe moved—
That 0 Directors, Merrie, G, Galles and Everall, be Bir, Rocenson seconded the motion, and it was carried.
Mr. Morus proposed, and Mr, Lavcaca seconded, That the retiring auditor, Mr, Goo. Corner, be re-elected The motion was carried.
The Cuarrman—Gentlemen, that con-tutes the principal business of the Tf any gentleman has any questions to ask with regard to the business of the cause Company we hall be happy to answer them, so far as is in our power.
No questions were asked.
The CarMax thanked the shareholders attendance, and expressed the hope that business generally, thi Company's business especially, would be better next year.
The meeting closed with a vote of thanks to the Chairmav, moved by Mr, Rogerson and seconded by Mr. Laloaca.
Text read from the printed page and cleaned; old type leaves the occasional error.