CHRISTCHURCH.
October 19
The fifth annual meeting of the Kaiapoi Woollen Company was held yesterday. Owing to the alteration of date in holding the meeting the balance-sheet presented deals with nine months' operations only, instead of twelve as heretofore. The balance of the shares issued, 1399, have all been allotted, and the expenßes of floating the same written off. Considerable and important additions have been made to the buildings and plant. Eighty looms are at work, and the mill and clothing factory give employment to nearly 500 hands. Tbe profit and loss account shows a surplus of £9043 lla 7d, out of which it is proposed to pay a dividend of 10 per cent, absorbing £5000, the balance being carried forward to tbe new account. It is probable that electric light will be in use in the factory before the next annual meeting. The company has presented their chairman, Mr Isaac Wilson, M. H. R., with the industrial trophy won ot the Christchurch Exhibition.
A commission agent named H. Hempton has disappeared, leaving behind him a crop of forged promissory notes, &c., to tbe amount of £1000. He has not been seen since Saturday.
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Bibliographic details
Daily Telegraph (Napier), Issue 3520, 19 October 1882, Page 3
Word Count
194CHRISTCHURCH. Daily Telegraph (Napier), Issue 3520, 19 October 1882, Page 3
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