EGMONT BOX COMPANY

Taranaki Daily News, Volume LI, Issue 199, 12 August 1908, Page 2

EGMONT BOX COMPANY

ANNUAL REPORT AND BALANCESHEET. The annual report of the above, presented yesterday at the annual meeting, stated tlliit Hid directors liu.il imicli pleasure in reporting- a successful year's operations. After allowing depreciation 011 plant and buildings, absorbing £404 His lid, the balance recommended to be dealt with by a payment of 0 per cent, per annum on all paid-up capital, a bonus of 2 per cent on paid-up capital ot shareholders receiving boxes or cayeSj i pvr cent bonus to shareholders not receiving boxes or cases from the compam, and the balance remaining to be brought forward. During the year cutting rights had been secured over 1400 acres of bush, and one sawmill was in working order and another almost ready. The directors regretted having lost tlie valuable services of -Mr. T. L. doll. Retiring directors were Messrs. J. J. Campbell and R. Dingle, both eligible for re-election. Tilie late Mr. .Toll's place hail also to be filled.

The balance-sheet showed chief items of expenditure to lie: freight .£4043 7s sd, wages £4640 15s lid, contract account .€1877, and the total £14,002 4s lOd. Tile income showed balance brought forward £529 lis lid, premium account £sl ss, butter boxes and cheese cases £13,481 7s lid; total £14,002 4s lOd.

Assets were shown: Timber on hand £1)143 7s Od, plant £5304 7s 3d, factory buildings £lOlO 5s Od, bush ''rights £IOO2 19s 2d, freehold property £1250, purchase account £1027, accounts receivable £1074, and other items making a total of £20,905 17s lOd. Liabilities: Shares £7826 ss, bank overdraft and interest £797(1, bills and accounts payable £2909, reserve account £I4OO, balance i'B44. total £2(1,9(3 17s 10(1.