The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1858-09-07 00:00:00

norsetobirc

DORCHESTER OAS AND COKE COMPANY.

At noon on Tuesday the annul general meeting of
the proprietors and shareholders of this company
was held in the Townhall. There was about the
usual attendance. Thomas Coombe, EN., Chairman
of the Board of Directors, presided,
The CUAIRMAN, opened the busitiem by calling
upon the clerk, Mr. Symonds, to read

Tel IMPORT.
of the Directors as follows I—ln submitting a state.
nient of the company's ammunte, and their report
to the proprietors on the present occasion, the
directors have the satisfaction of expressing their
opinion that the position of the company ts one
at which they may offer their congristulatlons. Not-
withatending the state of affairs at the hat annual
meeting of the ehareholden, and the large outlay which
the directors have since been called on to snake, in
'lterations and additions to the works, during the piut
year, as will appear in the account', the returns have
been such that they have felt justified in certifying for
a present dividend after the rate of, £5 per oentuiii per
annum, for thirteen months, on the capital stuck of the
company, together with • dividend of El per cent, in
part payment of the arrears of the dividends for the
Veils ending May 1858 and 1857 and after providing
or such dividends, they have the further satisfaction of
stating that a beam* of L'lgia 12e. lid will remain in
hand, and widish the directors recommend should be
retained for earrying on the future business of the
company with the greatest advantage to the share-
holders. It will he in the recollection of the share-
holder' that In the last report the directors stated
that they lied elected Mr. George Medley as a manager
of the works, in the place of the late Mr. Billows, and
at that time they did not feel justified in attributing the
then imsatisfectory state of the company's hotlines' to
defective management on his part; after further ex.
perience, however, they came to the opinion that Mr.
Hadley did net possess the requisite qualities for eon.
,meting the company's business, and they therefore felt
It incumbent on them to determine his connection with
the winmony. Brom atentive ohmervatien during Mr.
iledley'll management, the directors considered that the
eompeny'e affair" could be better conducted by one per-
son, and that thus the inconvenience of a divided reopen-
sibillty (ouch u saluted whilst Mr, Haley wee lii the
company'e aeries) would be avoided, and they therefore
temporally engaged Mr. Terrell, their former sleek and
eolleeter, es mummer I and they have now mach plea.
sure in Minn that his Nadal and inartsgement have
been found no satielsetery that they have now made his
appoinment a permanent on* In pursuance of the
'octane% some time sinee peeled by no proprietor",
your Orators have new to reelen their aloe, endlt
will he the duty of the allarehelderi to elect six director'
fur the future management of the oninpeny'w affairs.
1011 r direelors beg to IRlellet for the consideration of the
eharehuldsra, preview' to their sleeting new Almelo's,
whether it nor nut be deetrable to rettittnevete molt
&eaten for their WP/1016. 11411011 M now menmse end
highly Impatient and by Imposing aAu he sawn
constant end uniform allendmost at the board.
General etatemimt of amentnte from June 1, 1467,
te July, 1444 I—Ta belches. on revenue amount,
C 740 he, W. i ditto until/Anted dividend account,
166. I debt" due, Mad 541. 60.1. I total, 61,077 lc 10d.
By helium In treasurer's hand's, July let, 1455,
ant 16e. IW. ; mount* duo foul consumere.
IT to. 1141. I total, 41,0'17 tlit 1011, flannel seeuunt
l's amount of 'se, Mation, he.,
he., 101,4 W, We hereby artily that Air having made
anunals provision for all existing entopmente and
future wintitipnelei, there rentals. such a "undue cdt
the general amount se will, In our Judgment, Justify a
invlilon of probe of MS per esulum per annum, for
thirteen inenths, on the capital stook of the company,
together with a dividend of 6l per ant. In par. may.
mmemmt Of the arrears of the dividend fur the years ending
Ala MIMI pal lint Thu, Coombe, Thoth elausiders,
Holy Leek, Tilton's' Natoli, tired. bentiett, Win. Hisao.
The CHAtXMAN said, In moving the adoption of
the report, lie hail hilt one remark to maks
upon It, and that referred to the suggestion et the
eml of the report. For some tints It heti been a con.
mideration whether it would not be desirable to re.
numerate the directors, and the notion of the pre.
sent hoard wee, that as they all retired at this meet.
lug the naming the matter in their report could not
lms thought a reeommending of themselves for pay.
The report recommended p. dividend of /1 per cent,
for the past 13 month" mill elan I per cent on the
dividend arrears for leffil and 11437. He moved that
the report he adopted.
Mr. H, Loou 'sounded the proposition.
Mr. UALVIN 'lrked what would Ile time Mel" if the
report were passed with the clause about minting•
rating directors?
The CUAIIIMAN replied that it was simply a matter
for the consideration of shareholder" and if thought
worthy of a motion such niotion had better now be
made.
Mr. (ULM only wished to guard against the
clause °inning into effilat I indeed, to make sure, he
full Inclined to move the conission of that portion of
the report. He thought the directors could not be
paid suiliffiently well. He /eked how it waa there
were no auditors' signatores to the amounts
The Onsuotso replied that the amounts wore
ready for the auditors, but those gentlemen could not
1116ke H convenient to attend at the time. Mr.
Amino was in London, and Mr. Cl. J. Andrews
was engaged. The seciounte had been examined, but
not by the appointed auditors.
Mr, GALPIN further inquired if the socounts were
not in the printer's halide for the purpose of being
printed before the auditors were informed that the
account& required to be audited
Mr. TAPKILL, the manager, explained that the
auditors were communioaW with in the wonting of
the tlay, when the accounts were in the printer's'
hands in the evening. Mr. l'armiter was in London,
and Mr. Andrews attended in the evening, but did
not stop in the abeenee of his tolleake.
Mr. PARMITICR, one of the auditors, thought a
little more time for notice should be allowed the
auditors. He had heard nothing from Mr. An-
drew..
The CHAIRMAN considered that the printed se.
count had nothing to do with the auditors; the
directors printed their report and the auditors' report
followed.
Mr. GALTIN had been informed that Mr. Andrews
did not approve of some items.
The CIiAIRMAN understood that that gentleman'.
objection referred to an item of £239 stated to be
capital which had been laid out in repairs of pre-
Ao.
Mr. G"tris stated that last year the estimate for
the gee plant was fixed at £7,300' house property,
£1,000; leaving a balance of £239 16s. Id. balance
in hand. Why was the plant now estimated at
£8,500.
The eIiAIRMAN Because we have laid out that
cash upon it.
Mr. iasLrix could not but exprou astonishment at
the present state of affairs; one year they were
bankrupts and the following in the flourishing posi-
tion shown by the balaneeoheet. He thought the one
per cont. on the 1854 arrears ought to be granted to
the parties who at that time held the shares and not
to the present owners of such shares. A resolution
had been adopted by the sbarehohlers that a certain
price should be charged for pa, end discounts die-
allowed, but it had been said that there was a differ.
mice made in certain quarter" Was it correct?
The CHAIRMAN expleinoil that the gaol had been
eentnoted with at a certain price, which was about
equivalent to allowing them discount. The directors
Lad power In to oontraot with parties. The autho.
Titles of the barrauks might, perhaps, hereafter need
supplying with gas, and they would probably he nun.
treated with. The hot was the gaol, whieh con.
sumad about £2OO worth of gem a year, gave the gas
company no more trouble then did the 410 worth
used by bins, the Oval/moth Beside" if other
had been (Wounded the gaol authorities would
manufactured their own gat
Mr, Moonily inquired if the dividend of 3 per
mint, for 13 menthe would be at the rate of £5 Na. *lf
and was the I per cent. fur oath year, lead and
11017
The eueau replied, for both yaw"
The UMAIRMAN, in answer to a shareholder, said
with respect to the arrears dividend for 1464 end
1147, shame were "welly sold with all their liabith
Um! benefit" or otherwise, upen them,
Mr. UAhriw then 1811,114 IITIII Mr, PAIINITIM
woolided, thel the portion or the report relative W
rentunentling thraldom be omitted' and the propel.
lion wee Agreed la.
The report then pool.
The IiKAIMMAII mid the nett business wee 111.
election by the meeting of elm directs, in mom of
the loud who now resigned.
After some seplanation the following gentleman
114•1% sleeted dlreettirsu Messrs J. P. Aldridge,
Thomas Wombs, P`rederlek Bennett, Alfred MINION
Iliotry Wok, and Mound Maunders ',mid the fol.
lowing were sleeted mullion Mears 11. U. Mondey
and Hubert Darla
Mr. Uorts begged to renew his proposition re.
'pointy' iiisouunte. What had taken klue this year
I towed that the 'limonite in withlioutlng, discounts
heel departed Irmo a sound prinuiple, sad thuy had
beau mouspelled plait their wish, and against the
este of the shareholders, to yield in One ONO, It
Wei the up consumers who enabled the eumpony
to simply smaU nosh for If there were nn harp ones
but mean mummers only, Iltey ()mild not be 'diploid
noises at loereedsd prior. We therefore morel that
all comment of gas above £ll and under £lO
be allowed di per tons dismount i from £lO to £2O,
a per 00110, dfseount and 'Behove 420 to he allowed
7i per cont. &wont.
Mr. YOAIIOI.IIY moonded this,
gAitzmia moved am an amendment that no
ing a per tent. be allowed to eon.
disouunl
suinererore £7.
Ut,iihy mounded the amendment, but it was
lost t
t. an iu. Oalpin's resolution was carried.
gAwtopos pro from
that consumers of m
cent. dimming.
4/1741°,,C,beflulostoowid guP
odsti ne motion, but it fell to the
groud ad a cordial vote of thanks to the
trb, M b"Letx woo honing that the new
ones would try to e
hits Obalrmou sad dir"sooodt°oll6, apnea and success
of their predecessors.
Mr. Lklompel swonded the PruPutititu, and it
passed unanimously.
The ONLINLIIAINIPADOWkdird ognPUID"t, and
nu that 4, 00,4114 the 'hit 'ins speech and antes.
peal onlY MY they
Mon 01. tag old tpeemiti ,
,

tonna
havo