UNIQUE RECORD

Hokitika Guardian, 15 November 1933, Page 6

UNIQUE RECORD

SIXTY YEARS AS CHAIRMAN.

(Per Press Association— Copyright)

DUNEDIN, November 14

A unique record in world commerce wag created to-day by Sir John Roberts, who, at the annual meeting of the Mosgiel Woollen Company, completed sixty years’ service as chairman of the Board of Directors.

(This record uf length of - service ns chairman, is without parallel in the world. :• " :• '

'ln its‘firstg.year,- the company re turned' to the shareholders a dividend of 10 per cent'; and every, year since, with the exception of 1876,;. a dividend has been'paid.*- The* average dividend for.over sixty years works out at 8.53 per cent. ; ' ‘

To mark the .company’s diamond jubilee and the jubilee of-Sir John Roberts’ chairmanship, a bonus of 7s 6d* dut of reserves is this year being paid to the shareholders, in addition to the usual 10 per cent, dividend. Addressing the meeting, Sir John Roberts said lie estimated that the increased value of the finer classes of wools grown in the South Island would amount to 6d a pound, and in the North Island to 3d a pound;