SASH AND DOOR FACTORY.

Taranaki Daily News, Volume LVII, Issue 40, 8 July 1914, Page 2

SASH AND DOOR FACTORY.

ANNUAL MBETINC. At the thirty-first annual meeting ol shareholders of tha New Plymouth >Sa.-.h and Door and Thither Company, Ltd, ov. Monday afternoon, Mr. A, Coilwater presided, in the absence of the chairman of directors (Jlr, 'Newton King.) TIIE REPORT. The amuiafl report was adopted ay follows: "Your directors, in submitting the statement of accounts for tile year, are pleased to again 'have to advisie a factory profit, considering that in Hie early part of the year the .stringency of the money market -hampered lmildin'" operations considerably. The Profit and Loss Account shows a credit balance of £2027- lils sd, including a Imlan.e brought forward of £534 lis. The directors recommend writing oil" £15!) <id, as depreciation of plant, to pay :> dividend >ot' 5s per slia-Te on paid-up shares and 3s pel share on 'those portly paid, which will absorb £I(KK>, and that the balance! of £BOB 10s lid l>e carried forward.

The chairman, in moving the adoption of the report, referred to the prosperous condition of the company's ;.f----fairs, ;incl the satisfactory position generally as disclosed by 'the report.

The iTfnhr- directors were re-elect-ed, and Mir. Hugh Ba.ilv re-nppointed auditor.