WILLIAMS AND KETTLE (LIMITED).

Hawke's Bay Herald, Volume XXVII, Issue 9145, 31 August 1892, Page 3

WILLIAMS AND KETTLE (LIMITED).

The annual general meeting of the shareholders in Messrs Williams and Kettle (Limited) was held in the Hawke's Bay Agricultural and Pastoral Society's rooms at 11.30 a.m. yesterday. Mr F. AY . Williams occupied the chair, and the following shareholders were present or represented by proxy :— Messrs W. Nelson, A. M'Hardy, It. Dobson, Rechab Harding, N. Kettle, (}, H. Saxby, I. H. Loughnan, H. A. Banner, J. S, Giblin, John Moore, C, B. Hoadley, P, Brady, James Worrall, John Heoley, L. de Pelichet, R. Smith, J. K. Bogle, W. Bogle, J. D. Kamsden. Donald Gollan, W. K. Chambers, H. W. Williams, C. P. Davies, W. A. Skeet, F. Hall, A. F. Kennedy, \V. A. Alexander, H. M. Brathwaite, J. R. Lanauze, Samuel Bolton, A. S. G. Carlyon, John M'Kenzie, W. F. Knight, Wigan, and M'Donald. ANNUAL REPORT. The Chairman moved tho adoption of the nnnnai report, which read as follows :— Tho directors submit horowlth the audited accounts of tno company, viz., balance-Bhcet and profit and loss acojunt for tbo year ending 30th Juno, 1?92, and ln doing bo congratulate the shareholders on the result of tho year's operations. Tho nut orotlt for tho year, after providing for deprecation on bnlldlngs, plant, furniture, goclwlll, fco., and paying off preliminary e«ponaee ln lull, amounta to £5713 s>j 4d, which tho directors reoommond stuuld bo dlspo.-od of as follows ; In payment of » dividend of 8 por co -it r.n cipltaf, in aooordauco with tho Articles of Association, a bonus of 2J ter cent on gcoda purrhaßod by shareholders, 1?J per cent on commission contributed by shareholders, a bonus of 2 per oont to capital, and that tho Inlnnco, after paymonts aro mado, bo carried forward. Tho compauy hsvo hatdlid during tho year on account of various clients, for Bhlp. Mont and bjlo In tho local u-arket, 835.363 rarcasrs frozon mutton, 20,;fi-i lambs, bo-ildcs boet and legs mutton, &c, 21,210 balci wool and skins, 5315 casks tillow and pelt. 6352 coses tinned mrats, besides a lartro quantity of grass sood, barley, [Otatocs, flax, and othor produce, Tho company's sales ot wool, skins, hides, &o„ bavo been very snccesefnl durlntr tho year, and prions roallsert hive given satisfaction to vi-mlors. In May last, owing to tbo extoiiMcn of I biißlnosa and want of aocommodntb-n at Hastings, tho directors thought It desirable to purchaso Messrs Beck and Company's promtsos wllh tho flnnr mill for fii-ilO. and recomtnond that calls to tho oxtont of 10a por share bo mado to provldo for B-imo, In aceordanoo with tho \rtlottsot Asioolatton two of tho dlrtctira, Mr <A m. Nelson and Mr K- Harding, rott*-o by rotation, and ■ boing clljlblo offer thoirßolvos for rc-eloo-tlon. Tho auditor. Mr Dobson, rotircs, but being eligible nIBO oth-ra hlmsolf for rc-eleotlon. The Chairman briefly reviewed the report nnd balance-sheet, aud congratulated the shareholders on the result of the , year's operation?, which had moro than ] fully home out the expressed anticipations ( of the lato proprietors when handing over } the business to the company. The retir- , ing directors, Messrs W. Nelson and i Rechnb Harding, wero re elected. Mr Robert Dobson wns re elected auditor. 8 A hearty vote of thanks was accorded to the managing directors nud etaff for the efficient nnd Micce***-ftil manner in which the business had been conducted I during the past year. - ■ i ii — c