The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-04-12 00:00:00

sharehold

stance, he must not be und_ _
behalf as one of the proprietor
which he proposed to read as succinct as possi

stood as speak

whom he represented

Mr. JAMES MULLENEt
man. He believed there was no question
at this moment, and perhaps it would be more r
fore, if he at once moved that this meeting t
the 14th of July next. He had reason to k❑
were difficulties, concerning the accounts, in ti
proceeding, at this particular moment ; and

circumstances, he thought it most desirable, for
of the company, that time should be given to 1
For this reason he begged to move the adjournr

Mr. WILSON seconded the motion.
Mr. HEALING asked what specific reason could be assigned
for the adjournment?

The CHAIRMAN replied that it was
directors, that, in future, their general r

aion of the
; should be

say on the 30th June and 31st Deem-I-ant: and as the m
counts in the hands of the late treasurer required explam
tion, this was also a s
adjournment,—t
proprietors.
Mr. HEALIN(

son fc

That is t

The CHAIRMAN..
30th June, and it is

ip to tb

he adjourned meetir

on the 14th July.
Mr. JAMES LAWRENCE said, the real reason was, that
the directors could- not, produce their accounts. The late
treasurer was in such a state of health that the directors had
not been able to see him once; and until the adjourned meet-
ing, they could give no information to the shareholders for
want of the books. The treas
health that they could not obtai

such a state o

but they could not help i

adjournment
should have been glad to
as to the accounts.

a in their power

Mr. HEALING said if ad

an adjournment of the meet

oppose the

motion

Mr. HARDBIAN.—How long
treasurer, Mr. Wilcox, been appoint
The CHAIRMAN.—About t---
Mr. HARDMAN said that the CI
surer and secretary (who, he presui.
a book-keeper) for that purpose, tilt
had their books properly kept. He w
versant with railway book-keeping, bta

secretary and

vo mont

had a trea

ly ought to hay

what he did knovi of it,
might be wade up in a r

that ti

,cern like
the most. Ir

addition to the ne

z directors hoc

employed a new accountan

business. He was also tc
and he understood from tt
ther passing by the railway
would all be ready in the coup
Hardman) wished to know frl
meeting was likely to take pla

e empioyec

:y were tog

he other night, that-the account

He (Mr

,n when t

part 1 have given the directors to un
ready next week." He was satisi
knew Mr. Fry, for he was the accou
he was competent to give an opinion
at the eleventh hour, the proprietor:
which only reached him on Friday

1 that I shall

'cry one who

d think that

were not ready becau_--- - -
Mr. James being ill was well
sumed that the new secretary found
order, and, if they were not, certainly two month_
long enough to make them up, when it was considered that
they were kept according to printed forms. The shareholders
were totally in the dark as to the reason of all this, and,
therefore, he did not admit the reasons assigned at the bottom
of the circular to be a valid and just cause for the adjourn-
ment of this meeting.

The fact of

)ut it.was to be pre:

The CHAIRMAN said the books and accoun
of the late treasurer required expla
treasurer (Mr. Wilcox) had not b_
sequence of the long and severe ill
as he was now much better, there was no doubt a full and
satisfactory statement would be produced for the directors.

in the hands
anation, which the present
to obtain, in con-
James ; but

Mr. JACKSON said that, in order to be prepared for any
questions of this sort which might arise, he had been that
morning (Saturday) to see Mr. James. For eighteen weeks
he had not been able to get off his back, for seven weeks he
was not allowed to speak; but he had assured him (Mr.
Jackson), on the faith of a man who was just rising from a
sick bed, that after having taken an excursi
as his medical adviser recommended, he v
and rectify any account which r
should not be one farthing wron

fora few days

Id come doin

ght want it, so that there

Mr. ,HARDMAN
Mr. JACKSON.—Yes, in a feW d4s. For weeks he has
not been allowed to speak or to point a step ; but he assured
me that he is determined to come down fully prepared to sa-
tisfy the most minute enquiry.
Mr. HARDMAN.— I am glad of it.

In a few c

Mr. ABBOTT.—Have all these irregularities taken place
since the last statement of the accounts were presented ?
The CHAIRMAN.—I believe they have not ; they have
arisen in consequence of the accounts not being posted pre-

Mr. ABBOTT said, on that as
sions the accounts laid before t
have been auditet

occa-
purported to

n from

seemed exceedingly stratib
affairs of a small company lin,
inextricable confusion in the coui
meant the statement made
bringing down the accounts up to th.
that was, up to within three months
It must be presumed, however, that tin.
rect ; but, if they were not, he would _.v nad it been
possiole for the affairs of the company to get into such a
state, when they had eight or ten directors (he did not
know how many) with a secretary and treasurer
The shareholders Pr-1'

t into such
;hs. What

by one of

direct(

of the year

its were cor

were in. Indeed, he thou_
situation for any company to be placed in
The CHAIRMAN.—That con
from the commencement
Manchester to audit the
have reason to believe that the statement then drawn up is
not a correct one. Therefore we are desirous of having all
the accounts placed before the proprietors in their real form,
and it is on this account we are desirous of having the meet-

lave adopted

by calling in a

gentleman from
James ; and I

.cc.ounts with

ing adjourned.
Mr. MULLENEUX.—Perhaps you will state that before the
time which has been named you cannot be prepared to give
of time to pursue the

them. If you cannot, it
subject further.
The CHAIRMAN.—We
Mr. JAMES LAWRENC

s a w

till the question of Mr

Abbott ought to

n when the
ented to get that in-

was not 1

irregularity began

formation, and it
Mr. MIILLENEUX.—That can lead to no result, and it ap-
pears to me a perfect waste of time to go on with questions
which cannot be answered. I, therefore, press my motion
for adjournment.
The CHAIRMAN then put the. motion, and it was carried.
Mr. ABBOTT, before the meeting adjourned, suggested that
a list of those shareholders who were eligible to serve the
office of director should be printed and circulated among the

proprietors ten days before the adjourned meeting.
The CHAIRMAN replied, that a resolution to the same
effect had been passed at the last meeting, and it would be
attended to.
Mr. HARDMAN begged to tender to the chairman his dis-
sent and protest against the adjournment of this meeting
from the purposes for which it had been legally appointed ;
and as they were not willing to hear his sentiments upon it,
he begged to say that be should make them known through
another channel. He should serve the law clerk of this com-
pany with his reasons for dissenting from and protesting
against the adjournment, and he begged that they might be
recorded upon the book of prOceedings.
Mr. MALLABY said he should decline to do so, as they
could not appear on the proceedings.