SHARLAND AND CO.
ANNUAL REPORT. The twelfth annual balance-sheet and report oi directors of Sharland and Co.. Ltd., show that after making tho usual provision for bad and doubtful debts and depreciation, the net profit for the year, inclusive of £289 9s 3d carried forward, amounts to £6760 7s Id, wh,ich the directors recommend be appropriatod as follows :— To pay a dividend of 7£ per cent., £4350 19s Gd; to pay to the reserve fund, £2000; to carry forward the balance, £409 7s 7d; in all, £6760 7a Id. The absence of the chairman (Mr. W. Watson) iv England is reported. He is expected 'back in November next. To fill the vacancy on the board Mr. R. M. Watjson was elected a director under the articles of association. The officers, staff, and employees generally have worked well during the year, and given satisfaction. Mr. C. Smith retires from the board of directors, and being eligible, offers himself for reelection. The auditors, Messrs. H. Kember and A. S. Bis* (Wellington), and Mr. Alex. Griersoft (Auckland) offer themselves for re-elec-tion, and there are no other nominations.
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Bibliographic details
Evening Post, Volume LXXXI, Issue 113, 15 May 1911, Page 2
Word Count
184SHARLAND AND CO. Evening Post, Volume LXXXI, Issue 113, 15 May 1911, Page 2
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