Auckland Farmers' Union.

Kaipara and Waitemata Echo, 11 September 1912, Page 3

Auckland Farmers' Union.

LAST YEAR'S PROGRESS^ -. is

The tenth annual meetiDg off Auckland Farmers' Union was the at. Whangarei, on Thursday, j| held Maurice Harding (chairman of d;^ Mr tors) presiding. The annual re^ direcand balance sheet were adopted, |report report stated that, as showing | The progress of the Union since its in(jg the tion in September, 1903, that the tincep^ number of shares allotted up to c total December, 1906, when amalgama|fco 4th with Messrs Wakelin, Crane andhation was decided upon, was 815 of ad Co. shares to 377 shareholders, with a }bf £5 up capital of .^£1,887 10s, while t/apaid the balance sheet as'at 30th June lif from figures were 23,947 £i shared allot} 1912, with a paid up capital of £23,239 9slloted, The shareholder? now numbered I,CJ9s 6d. During the year the directors tf1,019. power to increase the ordinary sli took capital of the Company from £25,iishara to £50,000. Every department (5,000 which the Union did • business ht in shown a record increase, the t<s has turnover having advanced almost 1 total per cent over last year, The direc^t 50 were gratified to note that the sttectors business of the Union continues tojstock well supported, showing a considerafto be increase in the past year. ffable

The profit and loss account sho^i a credit balance for the year's workijjowed of £5,869 9s 7d, making a total irking £7,201 13s 2d. The directors recoal of mended allocation of this amount |com• under .-—Dividend on ordinary shalit as at 8 per cent per annum, £1,779 2s lbares rebate on" stock commission? ,s lOd shareholders of 20 per cent, £1,00? to write off premises, £453'16s 8d ; wrOOO ; off goodwill, £138 14s 4d; reseii^rite fund, £2,000 ; balance carried for waserve £1,829 19s 7d ; total, £7,201 13s frard, In moving the adoption of the is 2d. port and balance-sheet, the Chairm? recongratulated shareholders on the srman isfactory amount of business conduct sated during the year disclosed by tuct-balance-sheet. The outlook for t: the future he considered most encoura. the ing. Business was growing, so thragprospects for the future were briglthat When they were pushing the Nortight. em oountry, they must not forget tirthmagnificent isset of the Northe- the climate, which was equal to frohern half to a sheep to the acre. He r!rom ferred optimistically to the futui returnover of the Union. j;ure Messis A. R, Crane, D. Finlaysoi and L. VV. Nelson-were re-elected son, the Board. Mr E. G. linker was ri to appointed auditor, with Mr G. Stanhj reChambers as associate auditor. Tlnley manager (Mr A. R. Crane) spoke tfThe behalf of the staff. He was pleasa on to share the kudos with his brothelsed officers. uer-