COMMERCIAL

Evening Star, Issue 15281, 5 September 1913, Page 4

COMMERCIAL

WELLINGTON WOOLLEN COMPANY. A DISTURBING FACTOR, [Per United Pjiess Association.] WELLINGTON, September 5. At the annual meeting of the Wellington Woollen Company to-day the chairman referred to tho company's record for the year, and tho meeting passed a dividend of 8 per cent, Mr Warburton criticised the balance-sheet, urging tho appointment of auditors by Government to investigate the company's accounts. He criticised the balance-sheet item by item, and suogesled amalgamation with the Kaiapoi Company tor mutual interest. The chairman caJle'd Mr Warburton to order for personal references. The meeting impatiently applauded tho latter in order to silence him. The chairman said that Mr Warburton's criticisms were calculated to do harm to (he company, who were in a thoroughly sound financial position, .and their prospects were never better. Ho also said that Mr Warburton had only 10 shares worth £25 in the company. '*ic chairman had no doubt whatever that Mr Warburton would got £3O for his shnres in the room. The report and balance-sheet were unanimously adopted. • THE ARGENTINE TRADE. WELLINGTON, September 5. rlic Department of Agriculture has received tho following cablegram from Buenos Ayres, dated September 4:—Tho following shipments of produce were despatched from tho Argentine to the United Kingdom during August, compared with August of 1912: . , 1913. 1912. Frozen beef, quarters ... 310,000 231,000 Chilled be*', quarters ... 115,000 224,000 Frozen mutton, carcasses 98,000 157,000 Lamb, carcasses 31,000 42,000 Butter, cwt 2,076 SALE ON 'CHANGE: THIS DAY. Christchurch.—Bank of New Zealand, £lO 10s; Ross Consolidated, 13s. Auckland.—Ross, 13s 6d and 13s 7d; Watchman, 2s 8d ; N.Z. Insurance, £5 5s 6u; Auckland Trams (ord.), 23s 9d. Wellington.—Bank of New Zealand, £lO 10s; New Zealand Insurance, £5 6s; Consolidated Goldficlds, 14s 6d; Swastika, £1 0s 6d. '