THE KAIAPOI WOOLLEN COMPANY.

Press, Volume LVII, Issue 10739, 20 August 1900, Page 2

THE KAIAPOI WOOLLEN COMPANY.

report and "balance-sheet of the Kaiapoi Woollen Company, to be presented at the annual meeting on Saturday, states that the directors during the year have been chiefly occupied in developing and extending trade, their difficulties having been increased by the active rise in values of wool in the local market, and the decline in London values. The»**s-i' , of the plant has been maintained-. ments and repairs, and ample pPxfox oa nas been mad- fox had and doubtful c Mb, The director- (recommend tihat the'"*? available' balance, after paying the interim divid-ti«, should be allocated as follows:—!!&_.-------year's dividend, £3500, making 7 ptr dent. for the yeaa?,; £2500 to reserve, -leaving £997 16s sdto be carried forward. Messrs G. H. Blackwetl and W. Harris are the retiring directors. The account- show total "h'ahilit'e£22l,9Bl ls sd, including the reserve fund, £21,500, bilk payable and bank £51,660. outstanding account* and deposits £41,822, and capital paid up £100,000, as well as £6997 for profit and loss, and interim dividend paid January 31st. The assets are: — Factories and warehouse properties and ma.l_n*_, with additions to same, and lesa depreciation £3400, £70,069; book debts, £_2,926; stock, wool and materials, £118,387; and sundries, £596. The year's transactions have (been £37,109 13s Id, from which was paid in Varies, expense*, and wages, £15,805 4s 4d; interests an<j discounts, £7406; depreciation allowed, for £3400; leaving £10,497 for dividend-, etc.

opinion that it would take a long time to work out. The plans and specifica-ions for the dredge are ready, and will be sent to America in order that an estimate of the cost may be obtained, and this is expected to be received early in October, when it will be compared with the estimate of local foundries. Arrangements have been made to order the engine and boiler from England, and the timber for the pontoons is being prepared. Major Keddeil held a Warden's Court at Aahburton on Friday to deal with a numfeei of applications for mining leases on the Ninety Mile Beach, near Leeston and Southbridge. Mr Purnell appeared for the applicants, and Mr J. B. Hcrwso- to represent the landowners in the locality. liceii-es were granted to Mewars C Dwrgan. Devereux, Stafford, Spier?. Lightband. and Hill. Mr R. E. Brooke's application w_e adjourned.