SHARLAND & CO., LTD.

Dominion, Volume 5, Issue 1433, 7 May 1912, Page 8

SHARLAND & CO., LTD.

MEKTING OF SHAREHOLDERS. held yesterday afternoon. Mi-. \. present. . yhs Anm ,al Report. .u|sffl?°an"'rlinHnmcn!i ""'.'•■piin ciriirman, in moving the adoption J & lr3ss'i£?S?ip. , S

the increase of £2500 i« on the same M; nfii'M* The now iu'emtst?:.. \wneii ex nee to <>'ri!j>y in J"IV. will cost in all a.bi)Ut £IB.MO, and wu i^? # nvc vews a, raorteaise on tticm for a.t 4< nor cent. 'I hey cover iV/JJVhV int: 77 fuut frontaKO U> Dixon fit. cot ,b.\ 2 4 lcet. dept.il. OwiiiE. to the "V"" 6 '"" of business, J lie nroniiri'i. in \wuin we now are in Willosiuu Street, were found to 1)0 inconveniently i-mo-ll and nronor extension. Wo vxwet U> fecll Hum Hiiorlh' Tli(: new warehouse and store arc on niix'li cheaper Ri'ound, but ouitc, ccnt"a' "noucli. 'I'lie.v have been desnrned to cone with the probable increases m our trade in Wcllinßton !«. The other items in tnc bnlafice-Miect uo not <*ali for special reuiarif, th« inrrc,i>o iu slock linim? neceesary on account of the expansion of our business. ,\h>n k card to the profit and loss statement, .ho general increased cost of labotn. f f »}f «« and travelling. has mudc-, it.solf to.t. ,lt M also has strenuous competition in business, hut the establishment of a stronc reser.e fund liehis to meet the one difficulty, the goodwill nttaehinc to the ''.ampaiLV s business, and the efficiency and zeal of oar iianaKcrs ami slaff. iielp to nullify the "tiiei- The directors believe: the a; • visibility of litrroasine the rc-senc *und. and they eonfidor tUat Jlie oiitlpols warrants the expertaUon ol ' k . ls . ]iirlv done, besides payinc fair dividends. We are temporarily without the able sMance of our eolloaKM*. Mr.' Chnstophcr Smith, who ts visitint: Europe but. pooled back about tire end of the year. Elections. In terms of the articles of association. Vr. W. Watson retired front the board of directors, a:id, being eligible, ofiercd himself for re-election. He was mected unIT. Kember and A. S. lU«> w«r« re-elected auditors for \\ elljngf-on, » Mr. Alex. Gricrson, auditor, in Auckland. * On account of the numerical strength of the board heins increased from three to four, it wp.r agreed that the director* fees should be increased from £oßu to £4Cfl vet "a 1 vote of thanks was accorded to the staff.