THE WOOLLEN TRADE.
A HEALTHY OUTLOOK. By Telegraph.—Press Association. Wellington, September 7. The annual meeting of the Wellington Woollen Company was held to-day. Mr. Exley, chairman o£' directors, said that notwithstanding the severe financial depression and the general contract i» i of business enterprise throughout the dominion, the volume of the company's business did not show a decline. The sales were slightly in excess of last year**'. A more cheerful tone was already apparent, and with the moving of excessive retail stocks into consumption more confidence in a forward outlook prevails in .the trade. The industry had passed through five difficult years,due principally to market disturbances. They were uncontrollable, but not of a permanent character. He believed a steadier and more normal condition in the woollen trade was approaching. The total liabilities had been reduced by ■£24,943, and stood at £40,515, with the assets at £87,569. Th e report, wtiich recommended a dividend of 6 per cent., was adopted.
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Taranaki Daily News, Volume LII, Issue 184, 8 September 1909, Page 3
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159THE WOOLLEN TRADE. Taranaki Daily News, Volume LII, Issue 184, 8 September 1909, Page 3
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