NEW ZEALAND DRUG COMPANY

Evening Post, Volume CIX, Issue 74, 28 March 1930, Page 14

NEW ZEALAND DRUG COMPANY

Mr.-W. 1?. Edmond presided at the annual meeting, of the New Zealand Drug Company, held at Dunedin yesterday, when the annual report and balance-sheet (already published in this column) was adopted. Messrs. W. IT. Edmond, F. W. Mitchell, and W. 0. M'Kellar were reelected directors. The chairman reviewed the operations of the company's four chemical works. "The directors," he said, "looked for a 10 per cent, increase, but although this has not materialised you-will be pleased to learn that the gross total turnover has been fairly well maintained. Competition is still very keen, but the company's reputation for quality, tlie well-placed position of the wprks, prompt delivery, and general service, enable us always to command a fair share of the business offering. Raw materials for the manufacture of superphosphate and other manures had arrived steadily throughout the year, thus enabling manufacture at all works to proceed uninterruptedly. Stocks of these raw materials,and finished.fertilisers were larger than usual.' In-dealing_ with the economic condition of the Dominion, Mr. Edmond said he was assured that the farmers had a full realisation of the posi-tion,-and no doubt by intensive cultivation, the use of fertilisers, and other means, would make every effort towards greater production, and every assistance would, he felt, be extended to assist them in accomplishing this necessary though no doubt difficult task.