BLACK AND WHITE CABS, LTD.

Evening Post, Volume CXII, Issue 134, 3 December 1926, Page 9

BLACK AND WHITE CABS, LTD.

The annual general meeting of tho Black and White Cabs, Ltd., was hold this week at the Accountants' Chambers. There was a large attendance, forty-seven in all. The chairman, Mr. R. W. M'Villy, in moving the adoption of the report and balance-sheet, referred to the satisfactory position attained by the company in Us first seven months of operation; commencing with a small fleet of only 20 cabs, increasing to a present number of 32, with n further 18 In Immediate pros-' pect. The satisfactory profit disclosed in tho accounts presented to the meeting enabled tho directors to recommend the payment of a dividend at the rate of 10 per cent, per annum. This the meeting passed without discussion. The rotiring. director, Mr. It. W., M'Villy, was re-elected, and also the auditor, Mr. H. A. Gold. The meeting voted the directors' ro : ■numeration. Tho chairman gave the meeting some particulars of the union labour question as it affected tho company's employees, and the meeting passed a hearty vote of thanks to tho company's staff, which the directors were able to assure the meeting had given loyal and capable support to the company's organisation. Some reference was . made in the directors' report presented to the meeting to the proposed extension of the company's operations, which shareholders were given to understand would very soon engage the attention ot the board. Tho meeting terminated with a vote of thanks to tho management.