SHARLAND AND CO.
ANNUAL REPORT. ' The 13th annual report of Sharland and Co., Ltd., for the period ended 29fch February, shows that after malting the usual provision for bad and doubtful debts and depreciation, tho net profit for the year, inclusive of £409 earned forward, amounted to £7002, from which the' directors havo placed £2000 to reserve fund, making that fund £13,500, # and they recommend the appropriation of the balance a« follows: — Dividend 7j per cent., £4351; carry forward £651. Thanks are accorded tho officers, Btaff, and other employees of tho company "who have worked so zealously during the year." Mr. William Watson (Chairman) rctireß from tlio board under the terms of tho articles, bul in eligible, and offers himself for reelection. In tho following comparison "profits" includes _ amounts carried forward from the .previous year: — Feb., 1911. Feb., 1912. £ £ Profits 6,760 7,002 Dividends ... 4,351 (7£ p. 0.) 4,351 (74) To reserve ... 2,000 2,000 Reserve . ... 11,500 13,500
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Bibliographic details
Evening Post, Volume LXXXIII, Issue 101, 29 April 1912, Page 8
Word Count
156SHARLAND AND CO. Evening Post, Volume LXXXIII, Issue 101, 29 April 1912, Page 8
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