THE BENNETT & GREEN COMPANY, Ltd.

Kaipara and Waitemata Echo, 24 January 1912, Page 3

THE BENNETT & GREEN COMPANY, Ltd.

At the 3rd Annual meeting of the above company held on Dec. 22nd last the following report was read by the chairman Mr A. M. Skeats:—The sales during the period have nearly reached £3000 which shows a good increase over the previous year. This year we have engaged extra travellers and expect to do a much larger business during the coming 12 months. During the year your Erectors effected the sale of the Khyber Pass Property at a satisfactory price and leased about 7 acres on the Great South Eoad for a ne,w Nursery site. This property, which is close to the Eemuera Railway Station has been secured on lease on very favourable terma to the Company and has all been got in order and we are expecting very good results from our revenue. The position is right and the soil is suitable while from our advertising point of view, the position is a splendid one and should prove of immense benefit to the Company. We have also provided up'to-date glass houses and packing and office arrangementswhich will greatly facilitate the prompt despatch of orders. The Helensville^Branch Nursery is looking very well,; This season has been very favourable and we have had a splendid percentage in the Nursery Stock. Here we had a large quantity of young stuff coming on and wa are expecting that this branch will be able to supply us with a large quantity of ourrequhements for next winter. Our outside purchases during the year have not been so heavy as previous years and we hope to gradually reduced purchases year by year and croduce Nursery Stock of high grade in wholesale quantities at Auckland and Helensville.

Turning to the Profit and Loss account you will notice that the profit for the period is £194 which together with the amount brought forward from last balance makes a total of £371 or equal to over 10 per cent of the issued capital and after providing for £60 preliminary expenses this leaves a neit balance of £311 13. 3, Out of this your directors propose to declare a Dividend of 5 per cent which will absorb £170 leaving a balance of £141. 13. 3. to carry forward to next balance.

Your directors wish to mention that there are still 747 shares of the first issue still unallotted and as soon as these are placod the profit of £863 made on the first land sale will also be divided up.