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LATE ADVERTISEMENTS DJ.C. REPORT OF MEETING, Held on the 16th October, 1889. The Fifth Annual Meeting of the above Company was held yesterday (October 16th) in the I Board Room, D.1.0., High street, Dunedin; Mr B. Hallenstein presiding. After reading the Report and Balance-sheet, Mr Hallenstein said: Gentlemen, in moving the adoption of the Report and Balance-sheet, I have again the pleasure of reporting a steady progress in the business of the Company both at Christchurch and Dunedin. While our turnover has increased, our expenses, as will be seen from the Balance-sheet, have somewhat decreased, in consequence of which we are enabled to inprease our dividend from 6J to 7 per cent, besides paying a bonus of 4 per cent, on Sharei holders’ purchases, as against per cent, last year. We have also added L 1,500 to the Building and Fixtures Sinking Fund, as against L 260 in the previous year. Last year; while congratulating you on the improved outlook on the affairs of Now Zealand, principally caused by the increase of our productions and by a steady rise in their values, I said it would probably be some time before a corresponding Improvement in general business could be looked for. The experience of most business people is that, while things have passed out of the stage of depression, they have hardly passed out of that of dullness. Unfortunately the errors of former years still come home to ns, and I am afraid some washing up has yet to be done, and the sooner every public end private company and every individual face their losses, the firmer and more lasting will be our prosperity. It is then gratifying to find that the people, as a whole, have become cautious and careful, and are either swelling the deposits in the savings and public banks, or are reducing their general indebtedness. Addressing as I do over one thousand shareholders, there is one important fact which I wish to bring under their notice, and which justifies us in looking into tie future with confidence and hope. It is the fact that, through all our years of depression, there has been a silent but steady progress in the development of our agricultural and pastoral resources, accompanied by a gradual development of local industries, and the late discovery of extensive gold-bearing quartz reefs in Otago, and the partial success which has attended cur river and beach dredging operations is likely to attract to our shores many of the men who of late years have left New Zealand.

The New Zealand and South Seas Exhibition, to bo held in Dunedin, promises to be a big success, and in the hands of a most able president and experienced executive officers has grown in immensity and assumed an importance far greater than we a ever anticipated by its promoters. Cheap steamer and railway fares in connection therewith will draw to our shores numbers of visitors from Australia, most of whom will travel through the Colony, and, becoming acquainted with our climate and resources, it is difficult to estimate the indirect benefit which all parts of New Zealand will derive from the Exhibition. That such an attractive Establishment as the. D.1.C., both at Christchurch and Dunedin, will participate in the general impetus that will be given to trade we may reasonably hope. Our Managers have prepared for it by heavier importations in all departments; and already, especially in the Press, Mantle, and Millinery Departments, we have been unusually busy. Here in Dunedin, in addition to our two dressmaking rooms (wh - 'ch are each managed by efficient hcadsl, wo have been obliged to open a third room, for which a competent dressmaker (Miss Boughen) has arrived this week, per Ruapehu, from London, where, for the last three years, she has held a leading position with Messrs Marshall and Snellgrove, one of the most fashionable London houses. We are also landing, per Ruapehu, a second shipment of fashionable dress material, lace goods, etc,, selected by our Mr Soward, with the assistance of Miss Boughen, in Paris and Brussels. Perhaps it may not bo out of place, especially for our lady customers, to know that while we do all in our power to please them, no department gives us more trouble than the dressmaking department—in fact there is more worry over it than in the whole of the other departments together, and the worst is, ins ead of a profit it leaves us a loss. While we pay higher salaries than are paid in Melbourne and Sydney, we cannot get anything like the prices which are paid for dresses there. I am sure ladies who have bought in Melbourne or Sydney will know this also: that on the whole they have as great difficulty to get suited them as here.

I am afraid, gentlemen, I have detained you longer than usual. I will only add that it gives me much pleasure to express the Directors’ and my satisfaction with the managers and our staff generally at Christchurch and Dunedin. lam sure both Mr Laing aud Mr Brown have the welfare of the Company thoroughly at heart. Our staff is on the whole a most efficient one, well disciplined, attentive, and polite, and intent upon carrying out the principle laid down by the Directors, which is: “to study the interests of our customers as well as that of the Company.” I now beg to move the adoption of the Report and Balance-sheet. I hope the coming season will bo one of prosperity to Now Zealand.

SKIN Eruptionr, Impurities in Blood, quickly eradicated by Loasby’a lodised Sarsaparilla; moat powerful blood mixture made. 11XHJBITION Model Piano; seven octaves, Li steel frame, covering Wrest plank, full trichords, repeater action, INCISED, gilded, and engraved panels; price L3B, net cash; no discount. Now on view Thaa. Begg and Co. JUST PUBLISHED—PRICE ONE SHILLING. OUR EYES, AND HOW TO USE THEM, with an Introduction on the Influence of School Life on Sight and Health, by Wm. M, STENROUSR, M.D., Honorary Physician Dunedin Hospital; and for some time Clinical Assistant Royal Ophthalmic Hospital, Moorfields, London; and at the Golden Square Throat Hospital. Dunedin: J, Wilkie and Co., and all booksellers. NEW ZEALAND AND SOUTH SEAS EXHIBITION. CATERING CONTRACT. TENDERS are invited till SATURDAY, the 9th November, for Supplies of all kinds— For Sole Rights of Advertising Special Lines of same as supplied. For Advertising Spaces on Mirrors and Walls of Dining Rooms Bars, and Refreshment Rooms. Fcr Right of Printing and Supplying Menu Cards, Wine Lists, and Tariff?. Particulars obtainable from J. WELLS, Provincial Hotel, Dunedin. PUBLIC NOTICE. IN consequence of the Scarcity of Stock, the Butchers of Dunedin and Suburbs have agreed to RAISE Tb 13 PRICE of Beef Id per lb, and Mutton Id per lb from this date. 16th October, 1889, Herbert, haynbs, and c 0. —430 Men’s Colonial Tweed Suits from 355. The best value ever offered to the Dunedin public. Herbert, haynes, and co.-seo Beys’ Melville Tweed Suits (colonial make) from 8s up ; well worth inspection. Herbert, haynes, and co. are now showing a very ohoico assortment of Boys’ Washing Suits in all the newest styles, WHITE DRESS MATERIALS. WHITE DRESS MATH RIALS. WHITE DRESS MATERIALS. Brown, swing, and co^ have just received, ex Rimutaka, five cases lovely White Dross Textures, specially Imported for the Exhibition choir, comprising—f3oo White Embroidered Robes, 8s 6d, 12a fid, 15s, 18s, to 45a each 12 pieces White Nun’s Veiling 6 pieces White French Cashmere 6 pieces White French Merino 10 pieces White Pongee Silks 6 pieces White Silk Lustres 100 pieces White Lace Stripe Muslins 100 pieces White Lace Check Muslins 75 pieces White Nanisook Muslins To the LADIES of tho BXHIBIBROWN. EWING, AND CO. Have pleasure in directing the attention of Ladies to the above splendid lot of Dress Materials, all marked at the Lowest Cash Prices. WHITE DRESS MATERIALS.J , WHITE DRESS MATERIALS. WHITE DRESS MATERIALS. ;

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https://paperspast.natlib.govt.nz/newspapers/ESD18891017.2.29.3

Bibliographic details

Page 3 Advertisements Column 3, Issue 8040, 17 October 1889

Word Count
1,318

Page 3 Advertisements Column 3 Issue 8040, 17 October 1889

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