MOSGIEL WOOLLEN COMPANY.
DUNEDIN, Nov. 15.
At the annual meeting of the Mosglel Woollen Company the directors' report recommending a dividend of 7 per cent, was adopted. The chairman (Mr John Roberts) said the accounts were almost the same as last year, except that £4000 mortgage had been paid off1. The mill at Ashburton had not been kept working to the extent expected, although the Mobgiel one had been going fairly well. Ho deplored not being able to give the employees the full work they might reasonably expect. Many of their hands had been with them from the start. The Hon. TV. D. Stewart and Dr. Hislop were re-elected directors. In returning thanks for the directors, the chairman mentioned that during the past 25 years of the company's existence they had paid in dividends and written off the sum of £170,000; that showed a little over 8 per cent, for the 25 years.
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Auckland Star, Volume XXIX, Issue 278, 24 November 1898, Page 8
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153MOSGIEL WOOLLEN COMPANY. Auckland Star, Volume XXIX, Issue 278, 24 November 1898, Page 8
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