PIG STY.
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MID-YORK PIGS
YOUNG MID-YORK SOWS.
IN PADDOCK,
PROGRESS YEAR BY YEAR.
Many interesting facts and episodes in the history of the Company are revealed by a glance over the reports of the annual and other meetings. An indication is given of the early struggles in the account of the extra- ordinary meeting of shareholders held on March 19th, 1887, when the Chairman, Dr. Manson, after explaining to the gentlemen present the reasons for calling them together, proposed the following resolution -- That it is desirable to increase the Company's herd of cattle, and to this end the directors are authorised to raise loans or themselves to make ad- vances to the Company upon such terms as they may determine." This motion was seconded by Mr. Gower and carried unanimously.
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Another resolution was then put to the meeting by Mr. Granville Sharp, who in his speech referred to the difficulties with which the directors had had to contend, and mentioned that they had already lent $16,000 to the Company. The resolution was as follows:-"That this meeting approves the action of the board of directors, who have advanced funds for the purposes of the Company's business, and sanctions a first charge of 7% per annum of the profits of the Company upon such loans." Mr. Vancher asked the amount now required, and the Chairman said it was about $10,000, The second resolution also received unanimous approval after being seconded by Mr. Coughtry.
Mr. Granville Sharp presided over another extraordinary general meeting held over two years later, on July 20th, 1889. In his speech he said "We have invited you to meet us to-day to sanction the proposal we have for a material increase of capital of the Dairy Farm Company. You are aware that we commenced in a very tentative and experimental manner, with a very limited amount indeed at our disposal. Those days of small things are now gone by, our period of adolescence is past, and we begin to feel our strength. We have had our difficulties in the past, and our defeats, but we are not cast down, and we are determined to organize victory out of our defeats. The amounts which we propose now to add to the capital, will enable us to meet the obligations under which we are placed to the directors for the loans they have made, to the China Fire Insurance Company for the amount advanced on mortgage of one of the Company's properties, and to the Hong Kong and Shanghai Bank for the amount lent for the purchase of the Dairy Farm Company's premises at Pokfulum. These form one portion of our purpose.
The other is materially
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