EGMONT BOX COMPANY.

Taranaki Daily News, Volume LVI, Issue 74, 17 August 1914, Page 6

EGMONT BOX COMPANY.

■«»— ANNUAL MEETING. The annua; general mce.iug of the Egmont Pox Company was held at the Theatre Royal, Eltha'm. on Wednesday afternoon. Air .1. Marx (chairman and managing director) presided, and others present were Me-si's W. U. '.'owdi'ell It. Dingle. .1". I!. Murdoch, A. .Morton, .1. liurgess and 11. Spratt, directors, and the following shareholders: Messrs C. k'onnett (Pel'l Mock), .1 .11. Smith, (Waitara), 11. I). Eorsyth (E.th:i:u), K. Lambie. (Piluuna). A. Adiam (Oakura), E. Cra\ (bowga'.'.li), ,J. .V Wvborne and |J. W. lialt'.m (Eiverdnle), W. Richards (Cardiff), \Y. .lones (Moa Farmers), W. Skcdgewcll (Alidhirst), V. Dobson (Kaimata), W. 11. Were and. 0. Lclimann (Stratford), A. Varnuhar '(Awatima), lb Hollar,! and W. 'fait (Kapoiig?.), W. Morrison (Xgaere),- J. Crowley (Joll's), and D. L. A. Astbury (Alangatcki). together with the secretary (Air 11. Xorfchbver), and the. manager (Air IJarr). REPORT AND RALAXCE-SFIEET. The annual report read by the secretary was as follows: After writing oil - x4O l.w lid for bad debts, Clm4 Ms lid for exhausted bush, and .02+0 7s "d for depreciation, there remains a surplus of 02:)2 Is -Id, to he dealt with-. Your directors recorument that (i per cent, per annum be paid on all paid up share capital. This will absorb £lo+l 12s -M. leaving a balance of Olio!) fls to be further dealt with. Your directors further recommend that £2120 be added to premium reserve fund account and X 11.57 lis 8d to reserve account, leaving a balance of £382 4s. Reserve and premium reserve accounts will then total .Cllf.uO. Eig-:;t additional dairy coniuanics have become s,.a:viu:!d,-..: of 'the compels liuring the year. Steady progress is Ic-ing made in the way id <'!"■!! nig m> the company's lately mo'divd iin-.i.e,- block on the Wamr.ir.ui river. The letiriug ilir.y-ti.r; eve Mc-cis Richard D'ngle and W. I). Powdvell. who are I'iigihV. and olier themsdvis for n-e!ec tieii. Tiie auditor (Air rarrott) again offers bis services. The baian-e-shect showed capital and liabilities, iuciinlmg paid-up capital 02.!i70 Ss, Ta'.nvera millbi:/ timber -Viils pui'ciiase ...'Count of C2l.l:il!, an.-. '..•ib-.nce 1. - .)2'!2. of ,'. - .5.';,707 fl; IW. Th.i property and asset:', totallei! tiie same amount, including bu-'h rights at Ohutu, IDIiiX), bush rights T;:u'.v:ra £:',::.!i:i2 v :;. plar.l Oh.uln factory .f::;.">7i!. Oiiutu mill C\\ ;, i), Eltham factorc ,£14711, Ohutu tramway, £ lti,(;:>,!. The prolit and loss account showed that freights amounted to £7427 lis 7d: wages liill, £!!)..02-) IU 2d; grants to directors -OS:) lbs; reserve account. C! 2.-,( ); and timiiei- account, ,C-J2..'i:!:) 12-'. The chairman, in moving the ad<ij>. .io of tin; report and i>.il.n:,- v -i-he.ct, said that he was pleased to b<- able to say thai tile work for the pa,t veer had been successful.. They had made an tn-'ivascd nunthir 0 f ci'.eese ciates at .dint:; of .|;.ix;;), and their work at that place would continue for another live years As the. work decreased ih;:re. it was imri.isiug at Tauwesi. _\j.y increase in the business had- .o ii-' procrea;o_in shares. Tln.y were'steadying tiie price aad their sumdv was assur-il for years to come, ''hie, | M ,t much 'ongi.ier pro-j.ecs than any other concern oi '.is d'.'si-r;pti:-n in New Zealand, The company Wi/ab! piob.-.hlc prove on" of the largest and most siicccsSii! in the Dominion. Mr -Connett <p!e-dio.i:.i! the diisctors had in handle an enoi-mmi-'. anioiint o'f i-apila! and had to 1,1-ovice ior iu pvoner aandliu;;. They also nail to look ahead. pres. Nt sharehohlers as nossihv", and' at the same time provide 'for the the same lines as'a dairy eomuauv, with '.vhicii ihey were all so well a'.-i|ii:i;nte,l. Ihe dairy conmanies had only to consider their ]2 months' work.' but tne box Comapay had to look .muni' yeses ahead. ' - I" to another .|i!css:. :l the I nairmau said ih;. man wi'„ v.ns ilir--.--u':.l worl.; f,.; the company. It £."!, i.'cescry to have an exper. there in .■enn.-c..io:i Whii iim v.ork of lavi.r- ,:,,»„ the tramway. Mr Purges-; point,-.! „:i'.. Il.s: iheir managing <lir.c!.,r .cceivcl h-s du-iier the |:a-t year Can | u . ( vj .for the pre" 'l'-'"'report ami balance-hect we'-.. ;,h::' adopted. ' I !;:v.. l "c""w,,u!,i"li!:,, ;;',',:;;