WAIKATO AUCTIONEERING COMPANY.

Auckland Star, Volume XLVI, Issue 67, 19 March 1915, Page 7

WAIKATO AUCTIONEERING COMPANY.

'' "" '• a i ii ii " " -«'■»■- ---"-i.' '...:•■. •-: •---A"^TJ__>-*BHMBt''•.. .'k^y. . ; (By .Correspondent.)... _ ~ .'- -v/-~ . :FoHow"og : -iB-the report-to-be' read .-Cfijp --* annual ;meetlng.of r Waikatc> Varniistt"~~ Auctioneering"'dompahjV fc' 1 "!*'"held: "at Hamilton on: Saturday inert--—■•.Durlng ; t_ev?; year we purchased yarda tie—*, the •Settlers' Association, at Mangaroa. (Bangitaik* Swamp), near Whakatane;* : The business ■"> . since transacted-in- that "oea—tyV"has quita justified this extension;: La**. August we opened a branch of our produce department at Te A'roha, and have now lost completed ""• the erection of a new store adjoining" tho "" railway station. '.The. net-. jrofit. -"atte'r' making ample provision for "bad and doubtful debt* and depreciation, ia _21,"0* L 18/6; tp which has to ne added" l"/l'.CarrieB forward frbm""las"». y«ar"a profit and ~bgj-_--<U-r -J,, count, making the totals ani—unt'available for; oistribntWn „£*_i_S9 MJ%, which" "font -*.. dircctoi-B propose to.allocate as -follows: Dfvldehd"'^on'pfefe'irace'^l_rte»;' l at' the~mt% of 6 per cent'per annum, __~&—7: dividend on ordinary shares, at the rate of 8 per cent ~. per annum, £11,451 1«72; rebate oh COM-"" missions, 20 per cent, -and rebateof .2j .per cent on purchases made by aharebolders - through the produce..- department, ,—5.482 19/; reserve fond,--'£2,500-. •pectal reserve for doubtful dehtg' £2,500; bonus to Staff S (salaries under; £400 only), £434; amount to- - be. carried" forward. -1.284 16/ a. .In.accordance with the articles, ot. association the . director to retire this -yes- la ■•Mr.-~3oaep*r;- ---' Barugh. .who to eligible'for -re-election. There ' toeing-tno -."other, non-aj_rt*on, ,")"r-;,-Barugh Is rtulv .elected. Aufiitorai.lii! ic cordance '.with*'the articles of association) Messrs. Brace'--' Ana 1 Eag__t being eligible,:, and-: no.- nominations having been received, -these gentlemen are dhly* elected. ...The directors take this opportunity of thanking the"membenrof tae :: •taff for the efßdent manner In which they have carried out their dotles during tlie " ■ 'year:" '... ~»-'". ; ' '".-...' ' ■ . .