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Rhyl Palace Company.

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Rhyl Palace Company. Division Among the Directors. Loss of £"3,000. The annual meeting of the shareholders of the Rhyl Queen's Palace and Arcade Company Limited, was held at 17, Market Street, Manchester, on Monday last, Mr Robertson (chairman) presiding. Among the local shareholders present were Messrs Walton, Douglas and P J Ashfield (one of the directors) was also present from Rhyl. The annual report showed that a loss of ^"3,000 was sustained as a result of the past season's working. The Chairman said he regretted that they had such an unfortunate balance sheet to present; Although he had no authority to make any prom- ises he believed that the directors and a number of shareholders would provide further money to give the concern another chance. Mr Doughty (director) in the course ot a speech advocated the transforming of the shops in the arcade into side-shows and running theatrical com- pares in the Palace instead of variety entertainments and dancing. After a discussion on the balance sheet, Mr Walton proposed the re-election of Mr Ash- neld, a retiring director. Mr Douglas seconded. The Chairman said they had asked Mr Ashfield to resign from the Board, as he did not regard matters from the same standpoint as his colleagues, in con- sequence of which it was impossible for the Board to work in harmony. He (the Chairman) and the other members of the Board, worked together harmoniously, and he thought it inadvisable to con- tinue to have the the house divided. Mr Ashfield thanked the proposer and seconder of the Domination, which, however, he could not accept. He said he fully agreed with the chairman, that he had viewed the management of the concern from a different ppint of view to that of the other directors, and he considered that the disastrous balance sheet before the meeting fully justified him. The balance sheet showed a loss of the balance sheet for the previous season, which was such a disastrous one for the whole town, only showed a loss of while the balance sheet for the season before that actually showed a profit. He was bound to consider, therefore, that the heavy loss of the last season was due to mismanagement. A s he could not agree with the policy adopted by the Board he could not accept the nomination. Mr Robertson (retiring director) was re-elected to the Board, and it was left to the directors to appoint a firm of accountants in Manchester or Rhyl as auditors, the shareholders considering that it was inadvisable to have as. auditors a nrm at so great a distance from the concern as London. The meeting sanctioned the issue of debentures amounting to £16,006 for money advanced to pay off portions of the existing mortgages and for money owing by the company to the members of the original syndicate. Mr Doughty (director) referring to Mr Ashfield's stand, said the directors had no personal feelings whatever against Mr Ashfield. It was simply a question of a conflict of opinion, and it was thought best that he should retire from the Board. If it was deemed advisable that he (the speaker) should retire he should not hesitate to do so. The Chairman concurred with what Mr Doughty had said regarding the absence of any personal feel- ings against Mr Ashfield. The balance sheet was adopted, and a vote of thanks was tendered to the chairman. v .1 S°§

Funeral of Mr. Francis Geary

Rhuddlan

RHYL.

[No title]

The Protection of Rhyl against…

St. Asaph.

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The Closing of a Rhyl Inn.

L 9 0 6.