[Annual General Meeting of the Shareholders held at the New City Hall, Eberle Street June 5th 1903] Dr. J. C. Baxter presiding. Press It was resolved that the press be admitted. Notice of The Secretary read the notice convening Meeting the meeting. Balance Resolved that the Balance sheet be Sheet taken as read. The Secretary read the Auditor Report to the Shareholders on the Balance sheet and a/cs. The Chairman then moved and seconded that be directors report and statement of a/cs be approved and passed and no questions thereon being put it was carried unanimously. Dividend Resolved that a dividend of five per cent be declared on paid up capital. Auditors Resolved that Messrs Theodore, Rogers, Bowler & Co. be appointed auditors at a fee of Forty guineas. Nominations The following gentlemen were nominated. for Directorate as candidates for the three vacancies. Mr. W R Clayton proposed by Mr. Roberts Mr. D Kirkwood " Mr. Blundell Mr. H. Wright " Mr. Smith Mr. R. Wilson " Mr. Gore Mr. E W Bell " Mr. Grieve Mr. C. McKie " Mr. Cutts Mr. Mitchell " Mr. Wright The last named gentlemen declined to stand. Scrutineers The following gentleman were appointed. Messrs G. Turner, Nelson, Grieve, Wade, D. Price.