Abraham and Williams, Limited.

Horowhenua Chronicle, 24 November 1911, Page 2

Abraham and Williams, Limited.

ANNUAL REPORT

LETIN'S EXCEPTIONAL

RETURNS

i Tlie annual mooting of Mes-rrs Abraham and Williams, Ltd., wns held at their rooms yesterday. R. S. Abraham, Chairman of Dircetors, presided In moving the ?idoption of the report and balancesheet the Chairman said that notwithstanding tho consistent and .successful endeavours to lessen the liabilHips of tho concern, thev wero pWo to point to <a turnover of £810,488. irrespective of land transactions, a . nett profit of £8240 6s 3d after allowing for had debts, etc., would serve to pay a (livi'dond of f> per cent, for the voar and provide "parly £3000 for reserve fund. At +he end of September, 1908. tho fi-m's liabilities amounted in £179,. U?. Rentember imo to PAO9.V4, unA this year to £02.0fi.'i tho tnrnfor thr> sumo povi/ul.q beirio - T n OR, fR14.75!?; 1910. £820.438 : and 1911, £810.488. which conclusively nvovod that thev vrero workino- on n'"M lines and had the conflde-ice. of the public. Tn the present fie.nKO.TI th«v had overv reason to look with eo'iifidence to a successful venr.

Havi'np: rnviewd tfif « - 00 l nrvtsrief+s, the chairman sovl thr>t mention was mafjo in +h«-rpmu-t of +li* "■nod work done hv th«ir ofßpors rlnr. inrr the past year under verv Ji*. advant»o<rpous cire'imstnncs. two branches, Mnrton and Levin, showed exceptional returns in comparison with the amount of r.api+nl thev wero usins. this oniony oriunllv to all the branches, end thev wero fortnnn+e in poßspssin<r a s+ifF, who, indiVidnallv and collectively, have the in+erest of fjh(\ concern at ''P-nrt and who' have shown their nbiHtv in the «+iock p"ninpt verv heavy odds. TTe wo"lfl like to sep evineinrr f heir confidence by taking up more sharo s ? and so enaWinn - thp concern to meet com fort nblv the many ?!oo" its c< l ! -1 !^ ,1 !.

T'ip report and balance-sheet wore adonfpr!.-

A dividend of R ner omit, no ,, rmnnm w.i.s dp"lnrr>rl. -PWfIS +o votoryn fund .iti/I +lir> li.nl-nnr>/\ γ-oi— 'MP-r? fnrwo >•(■!. H, 0. Williams. .T. H. P. Pm l R. Rolf.on vero re-elected Mns■3VS R.n+iVrford n.Tiri rVir!" 11 and Mr P. C. Fli-i wov r~ -Wd ar^'tir*.