WELLINGTON WOOLLEN COMPANY.
THE ANNUAL MEETING. , At jt'he annual miee-ting of the Wei- i lington Wioo'Men Company, to-day, ttbe ahlairmiain (Mir W. H. P. Barber) I said tthle affaiirs of the Company were ] going on isiaitaisfa<3torily. A dividend of 7 per cent, was niaitntaimied', sh<e < new machinery installed and impiwfomiente effected to the amount of £10,652. , A larger ianwunrt was. carried fomvlard than lasit year, amd ,iJbe amount ifor depreciation had been increased. Mr Artihjur Warburton adversely orAtioiised ttoe balance silieet, and com/plained thiait a- large dncirease of istiosk iwials mot siuffioient provnisikm (for depreciation and shrinkage of (business, and tibialt the provision: for the -miaiittitteoiainoe was .too slight. \ Be isiaid /that, the profits sjhowsed a Shrinkage. The chairmian refuted Mr Wiarhu.rfon'iS isitatements. The report iand balance .sheet wais ; .'■adopted.
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Wairarapa Age, Volume XXXII, Issue 10414, 7 September 1911, Page 6
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130WELLINGTON WOOLLEN COMPANY. Wairarapa Age, Volume XXXII, Issue 10414, 7 September 1911, Page 6
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