JUST-IN-TIME.

Inangahua Times, Volume IX, Issue 1411, 9 June 1884, Page 2

JUST-IN-TIME.

The" half-yearly meeting of the Own- ] pauy was held on Tuesday evening la&u. A large number of shareholderwere present personally and by proxy, together forming a large majority ..i the company. The report and balanu*sheet were presented, and after discussion received and adopted, borne additional interest was taken in thproceedings in consequence of a- printed circular bearing the names of Messrs W. G. Colliiigs, P. Q. Caples, B. Jacobsen, McKenzie, and other ioea! shareholders. The circular made certain charges against Messrs rf.,.0. TJeeche, John Gallagher, and M. Wynn. At the meeting Mr Bee«he produced a copy of the circular, to <»ether with fc'»e envelope in which ;t had been forwarded to a Dunoiin shareholder, and eN.pre.ssed his lviif -'. that ifc was in Mr W. G. Collifv-s handwriting, It alleged that AJ.r Beeche as a member of the director;.and battery committee had i;o do with the gold saving appliances of the company, while as the owner of a tailing plant he would be a gaioe- by their inefficiency. Toflfc Mr M. Wynn wa? under a compliuieui. lo the ■ Maciil :e Committee for appointing his -ion battery .iianager, nod that M»* Gallagher supplied both the vaine and battfti v with goods. The circular concluded by soliciting proxies and requesting i the cancellation of any already given. I Mr Beech h stated thiu neither himself nor Mi 1 Wynu would seek re election, but as he had always talveo greai interest in tiis company lie should con--1 tinue to do so, and do his upmost co prevent such a subterfuge as ihr. circular referred to succeeding, or U.iing the moans of replacing the pit&er:-: directory by others in whom tlie majority of local shareholder!? *!;a<x jo confidence. Mr Collings 'maintahied that the circular was substantially true. Mr Beeche said it mi^'iii be true in part, but had been wrongly put, and was so dono for the speoiftl purpose of poisoning the minds of oi'tsifo sliarpholderß against the directory. Mr Wynn said lit; was under no <A>}\~ gation to the battery committee. Mia'v Ins son had beeu placed temporary in charge by Mr Raithby on his having io leave suddenly for ihu Lyeil, and that the committee, of which he (Mr Wyon) was not a member, having satisfied chemselves of his fitness, confirmed >;he appointment Mr Gallagher said that there was no contract existing between himself aud the company, uo*' were :u\ the goods bought from him. Such, however, as had been supplied v. a .d been charged for at the same rat* ae> paid under contract by the Welcome Company. He said in conclusion vharM r Collings supplied boots to miners and it might just as reasonably be said thaf. he was therefore undesirable as -\ director. The matter then dropped. A resolution was carried increasing the number of directors from si% to seven. A ballotb was then taken with tho following result : — Funwerford 14.104 McGaffin 15,^46 Kiitler ... 12.101 W. Wataoii 11,913 G-ailaglier 10,173 tiraham ... 10,100 Casely 9.452 T. CJlins 7,596 W. G. Collings 7,596 The first sevgn were then declared elecied, and Messrs Hindmarsh ani) M'SlieiTy were appointed auditors, and iihe meeting adjonened.