SHARLAND AND COMPANY

Evening Post, Volume CVIII, Issue 97, 21 October 1924, Page 8

SHARLAND AND COMPANY

The directors of 'Saarland and Co., Ltd, in their 26th annual balance-sheet and. report. for_ the, year ended ' the 31st August, 1924, report that business has not been quite so good as in previous years, but the prospects for the ensuinf yeai are favourable. After providing for all bad and doubtful debts, fulP depreciation of premises and plant, taking stock at'saleable values, and Government War Stock under market price, as well as_ payment of interim dividend, there remains a balance of £9039 19s 9d to be dealt with, including the sum of £4753 6s 9d brought forward from last year's account. Appropriation is recommended as follows:—In , payment of dividend, .7 per cent, for the year, less interim dividend of '2£ . per, cent, paid 10th May last, £5625; to carry forward to next year's account (providing for income tax), £3414, 19s 9d; total £9039 19s 9d. .. The thanks of shareholders, state the directors, are due to the managers and staff for'! their zealous work during the year. ■ , . -, In terms of the artigles of association, t,he retiring director is Mr. A. E. Mabin, who, being eligible, offers himself for re-election. The auditors. Mr. James W. Jack, in Wellington, and Mr. Alex. Orierson, in Auckland, offer themselves for- re-election, and thera arfe no other uoraiuationa.