The annual general meeting of the shareholders in the above-named company was held yesterday in the office of the Secretaries, Messrs. Drysdale, Ringer &Co., Mr. Alex.' McLeod in the chair. There were present Messrs. G. J. Morrison, H. Morriss, (Directors), T. Wood (Secretary), S. Morris, R. S. Harvey, J. Jaques, W. Rice, ©. S. Sharp, R. M. Campbell, D. Jones, F. J. Marshall, J. Beattie, J. M. Young, J. Danenberg and S. Walker.
The notice convening the meeting having been read by Mr. Wood, The Cuaman said—I think also, gentlemen, that we may at the same time ask Mr, Wood to read the circular letter addressed to each shareholder.
Mr. Woop having read the letter which was as follows Shanghai, 21st March, 1889, Sheridan Mining Ca.,
Srm,—With reference to the notice, calling the annual general meeting for Thursday the 28th instant, we beg to inform you that this has been done in order to comply with the Deed of Settlement of the Company, which requires that where no other time is prescribe a general meeting, the annual meetin shall be held during the first three months o the year.
Mr. Waters' annual report and statement of accounts, which are being made up to lst January, are not yet to hand; it will therefore be necessary to adjourn the meeting of the 28th instant, and a resolution will be brought forward to that effect. The postponement will, however, give shareholders the advantage of hearing Mr Ringer's report, as his turn to Shanghai is looked for early in April. We are, Sir, our obedient servants, Duyspaxe, Riscer & Ca., Secretaries, The Cuarnaan—In accordance with that circular which has been sent round to every shareholder, the Directors felt bound to call this meeting in accordance with Article 44 of our Deed of Settlement which states, unless another date is named, that the general meeting must be held within the first three months of the year,—by the 3ist March. We have therefore calle meeting, but our object is simply to adjourn ito farther day when we shall be able to lay before you the annual report and accounts, We think it isthe certain that we shall have some information; by that time we hope to have our chairman, Mr. Ringer, back amongst us. He has during his stay in America d the mines and he will be in a position to tell us what he saw. You may think the accounts are a little late in coming forward, but I may mention that Mr. Waters has been requested to make out his accounts in future up to 31st January. By so doing he will be able to give us a more complete return of the ore worked, etc., up to the 31st December. In fact, we shall have a more complete return of the working of the mine up to the St December. On'account of the great distance of the mine it is impossible for us to get accounts as goon as we could wish. If we receive the accounts before the latter end of April it is as early as we can look for them. That, gentlemen. will account, for the little delay in the accounts coming forward, and I do not think we can blame Mr. Waters for the delay. As I mentioned before, Mr. Ringer has been to the mines, and during the last few days we have received from him letters giving very sati factory accounts of all he saw there. But as he will be back shortly we did not think it desirable to publish them. He has written us very long letters, but they are not written a style you could publ They are written ina very chatty sort of way, not as if they were to be published. But if any shareholder would like to see
secretaries. Mr. Ringer will be here about them, he can do so by applying to the the 10th of next month, and it is our idea to call a meeting about then, when we shall be in a position to place the accounts before you, and with his presence we shall also be in a position to answer any questions which any shareholder may like task. At the same time the only resolu-Directors have to bring forward to-day is this:—'That this meeting be adjourned to Monday, 22nd April, in the Secretaries' office at 2.30 p.m.. Of course, we shall be happy toanswerany questions of any of the shareholders.
Mr. Dovetas Joxes—Do I understand that the accounts we are going to receive hag rare hae ces january The Cuarruan—Yes,
Text read from the printed page and cleaned; old type leaves the occasional error.