Page 7 Advertisements Column 2

Dominion, Volume 35, Issue 289, 4 September 1942, Page 7

CALLENDER’S CABLE & CONSTRUCTION CO., LTD. DIVIDEND MAINTAINED FOR 23RD YEAR 6 qpHE FORTY-SIXTH ANNUAL GENERAL MEETING of Callender’s Cable -* and Construction Co., Ltd., was held on July 3, 19-12, at the registered offices of the company. SIR FORTESCUE FLANNERY, Bt., H.M.L., M. Inst.C.E. (chairman of the company), presided. The secretary (Mr. Howard Foulds, F.C.1.5.), having read the notice convening the meeting, and the report of the auditors, the chairman, in moving the adoption ■o>f the accounts, which had been dealt with in the report previously circulated, drew attention to the fact that white the turnover had been well maintained, there had been a reduction in the amount of the gross profits for 1941 compared with 1940, which was due to the heavy additional sums that had been provided for taxation. 'Che total expenses were less than in 1940, in spite of the increases in repairs and maintenance of plant and buildings, pension fund and superannuation allowances. Regarding investments of the pension fund, it was gratifying to know that on December 31, 1941, these stood at £345,721. The establishment of a National War Savings Association was a marked success, contributors now.numbering 1100. 'The chairman paid tribute tQ the long anti valued services of Mr. Charles, Pipkin (director and joint manager), who, in November last, had completed 50 years’ association with the cofupany. The chairman concluded by reminding the stockholders that the foundation upon which the company was established by the late Sir Tom Callender, and carried on by the present managers, placed the company in a position of substantial solidarity, and they might look forward to continued success with as much confidence as was possible in the present dangerous epoch. The chairman then formally moved the adoption of the report and accounts, declaring a dividend of 15 per cent, per annum for the twenty-third year; the resolution was carried unanimously. The retiring directors (Sir Malcolm Fraser, Bt., G.8.E., and MajorGen. Rt. Hon. Sir Frederick Sykes, P.C., G.C.5.1., M.P.) were re-elected. A high tribute was paid to the company’s employees for. their loyalty and untiring efforts.

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