LIME INDUSTRY

Northern Advocate, 22 July 1933, Page 8

LIME INDUSTRY

NORTH AUCKLAND COMPANY. DIRECTORS' REPORT. The following is the -text of the directors’ report to be submitted by the chairman, Mr W. Collins, to the annual meeting of the North Auckland Co-operative Lime Company, Ltd., which will be hold in Whangarei oh August 7.' — Buildings and Plant.—Your -company's buildings and plant and general equipment continue to be maintained in good order. Minor additions and improvements have been effected during the year. Product.—ln treating a true agriculture lime rock, your works continue to market an agricultural lime unrivalled in solubility, high carbonate of lime content, and fine grinding. Debenture Liability.—Eight deben-, tures were redeemed during the year, reducing the debenture liability from £1625 to £1425. Preliminary Expenses.—The sura of £SOO has been applied to complete the writing-off of “preliminary expenses.’ ’ Dividends.—-Your directors recommend the payment of a 5 per cent dividend on preference shares, affd a 5 per cent dividend on ordinary shares, absorbing £317 10/, and leaving a balance of £lßl 3/9 to be carried forward. Retiring Directors.—This . year Messrs W. Collins and E. Yates retire by rotation and are eligible for reelection. -