WELLINGTON WOOLLEN COY.

Hokitika Guardian, 23 August 1923, Page 4

WELLINGTON WOOLLEN COY.

WKI.I IXOTON. Align-t “I. | ■' t ile trading of the near future w ill j have t-> be done on unusually line-cut - pi firs, ami mi increased output is essential.” stated Mr IJarhci (Chairman ot Directors of the "Wellington Woollen Company, at the annual meeting j t'.r-da v. The balance-sheet showed the; I roiit and loss expeii.-es were £!>•!■!-I j |e.-> than las) year, and the gross profit; was very , dose to last year's. The; eonipaiiv's i ndehl edin'sS was yicater than in I'.lfi’d. hut the stock was. £!g.(, !> higher, and lltc plant ami j buildings were higher. Mr Bar-, her -aid the •c> mpaii.v fell "ell pre-j 1, ,;. *-1 tnr eejiLingeneies. lull he stressed tfie necessity of inercie-ilig the output. ! satin;'. "Il’e demand >s there, ami, | *i y giving a ltigii-eh'ss arlicle preserv-'| i, nuitlity. ant lowering the ,■ e,l - (er. oM. and with th" ever growing pup,ib,i ;„■> of the Dominion, we w;:, be aide to give, our Ait r,'holders a fair reiiirn." Mi B.',l'l„t -tried that the company had installed a high-'peed engine to synchronise with the < h.vcrninent llv'.lro-eieet: ie lar<l. and had >i,li;io,::,l leaihli i,"s at the miil almost rerdy 1' rll a. If, del ring to the genc.'al e* liditien •. Ill" I haii man die" at.e;i, ion I-, lb- mag,,il ml" ol !!:.- imj ,'i'l a: ion - oi appends and textile- P> Xfi-w /ra hil l. and -aid a limit at ion of lbo in,; "il- would keep the coiinuy's limn,M's in belter shape, il, I'd--’, "ltd, Ihe imp-.i Is weie looked on as a large lot:!. Ihr impelled clothing, hosiery ; ml "nolle,, pieeegood- were valued at C2.W0.180. "Idle for the first -ix month- ~f iii i - year the oil "as £-.- .being link- £078.8!) I less lhan tor the full (.'receding year, lie added that i he,e was didieldiy in meeting this overseas eumpetil imi. Il was a j. ;,.. bi-t season's impoi la.lion s "ore made from low-priced wool. Iho local arm!' "a- made from hi'di-prbe wool.