A. P. Wood, representing 3,340 shares.
The. Chairman asked Mr. D. Macdonald to act as secretary to the meeting.
The Secretary read the notice convening the meeting.
The Chairman—The first resolution I shall have to propose will be the adoption of the report and accounts. Before dealing with the business of the meeting Tam sure'the shareholders will join with me in an expression of deep regret at the death of Mr. Snethlage, who was one of the originators of the company, and who has been so closely connected with it ever since. We have been very greatly indebted to him for his services. I vacant lands will almost entirely account
out on profitable and well-corered mortgages and this shows a slight reduction on the amount shown last year. Beyond this, gentlemen, I do not think I have much tosay, but I may mention that we are contemplating certain developments during the year which promise to be remunerative. Before putting the resolution to paso the report and accounts I shall be glad to afford any further information that any shareholder may desire.
There were no questions.
The Chairman—I beg to propose that the report and accounts as presented be approved and passed. In the report you will notice that there was a change in the directorate, Mr. Kinnear's place having been filled by Mr. McLeod. In passing the report you will confirm this appointment.
Mr. Young seconded, and the resolution was carried nem. dis.
Text read from the printed page and cleaned; old type leaves the occasional error.