This Club has to move out of its temporary quarters, and it is now proposed to form it into a company limited by guarantee, the liability of each member to be restricted to $100. It is proposed to erect a new Club building upon the site lying between Craigieburn and "The Mount," at a cost of about $15,000. To defray this outlay it is proposed to issue debentures to the amount of $20,000 bearing interest at the rate of 6 per cent. A meeting of the members has been called for the 20th inst. to pass resolutions to give effect to these proposals, China Provident Loan and Mortgage Ca., Limited.
The fifth ordinary meeting of shareholders of this Company was held on the 16th inst., when the report and accounts were passed unanimously. The Chairman stated that while they were able to employ almost the same amount as in the previous year, they did not make the same interest. They had decided, consequent' on representation made by some of the shareholders, to get rid of the liability of $10 por share on the capital and make the shares $10 fully paid up. An extraordinary meeting has been called for the 28rd inst. to effect this purpose, when two resolutions will be submitted. One of these confers power to at any subsequent date increase the capital to $2,000,000 by the creation of 127,800 now shares of $10 each, of which 27,800 may be allotted in such manner, at such times, and to such persons as the General Managers shall think fit, but the remaining 100,000 shares shall not be issued without the consent of the shareholders in general meeting.
West Point Building Ca., Ld.
shareholders of this Company has ap-The report of the general agents to the peared. It shows that the net profit for 1900 amounts to 40,609.87. An interim dividend of $1.50 per share has already been paid, and it is now proposed to pay a final dividend of $1.60 per share, making $3.10 per share in all, and carry forward the balance of $1,309.87 to credit of new account, The Humphreys' Estate and Finance Ca, Ld.
This is another Company that has done very well during the past year. It is announced that, subject to audit, it is proposed to pay a dividend of 10 per cent, to place $100,000 to Reserve Fund, $25,000 to Equalisation of Dividends Fund, and to carry forward a balance of $#18,529.18 to new account.
Text read from the printed page and cleaned; old type leaves the occasional error.