AUCKLAND CO-OPERATIVE BOOT CO.

Auckland Star, Volume XXX, Issue 209, 4 September 1899, Page 6

AUCKLAND CO-OPERATIVE BOOT CO.

The eighth annual meeting of th shareholders of the above Conrpa n » was held at the new warehouse nt the Company, Albert-street, on frita, night, <■ Mr Thomas Good presided. Xhew was a goodly number of shareholder present. The secretary and manager (te, Herbert JDeursley) read the asiisf| balance-sheet, which has already been published in this paper, and directors' report, which recommended the pay ment of a seven per cent, dividend upon capital to shareholders. M ei!i tion was made of the fact that tha Company, with the other boot manu. facturers of Auckland, had been brought under the award of the Arbitration Court, so that the whqle of the boot trade throughout New Zea^ land was now working to one state'H merit. The Company are steadily hf §| creasing' their trade, and to keen pace 1 with the times are introducing' soni c I of the most up-to-date machinery, M from America. During the year a B considerable sum of money has beej, If expanded in improving and fitting i outt their new premises. Mention wgj 1 made in the report that all tfe 1 employees were working on tha; I weekly wage system, thereby ensut. I ing to them constant employment, I and more regular wages. The machi- 1 nery and plant, are in first-class order, 1 there not' being a machine on fte 1 premises that is not worked up'to I its full capacity. The whole of the 1 staff are working with a will, and j doing their best to ensure a CQn-J timiance of the prosperity that the 1 Company has enjoyed in the past, ] Dr. Cox, in speaking to the report, j congratulated the shareholders upon j the state of the Company's affairs," j He thought that it was very graty* 1 fying to the shareholders who had j invested in the Company to get such handsome and steady returns for their money year by year. He felt that the best thanks were due to the manager .staff, and directors for toe position the Company now held, and for the profits made, which had resulted in a dividend being paid every year since the formation of the Com-; pany. ■ ': Mr Fawcus, speaking to the report, thought the item five per cept.: for depreciation of plant and machinery written off was not sufficient.

The report and balancc-shee as submitted by the directors, was unanimously adopted. The two retiring directors, Messrs Girby and Good, and the retiring auditor, Mr Albert Burchell, were re-elected. An honorarium of £10 IQ/--was voted to the directors for their, services, al^o a bonus of 1 per oeni. to the employees, A hearty vote of, thanks was proposed by Mr Ferr nandez to the manager, directors,:: and employees. Mr Dearsley briefly replied, thanking the shareholders for the vote of thanks. He stated there was every reason to believe that the ensuing, year would bo a prosperous one for 'the Company, and to ensure that prosperity it was necessary for each one employed; to put forth their best efforts and work heartily for the Company's welfare. The meeting closed with a vote of thanks to the;

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