AUCKLAND CO-OPERATIVE BOOT AND SHOE GO.

New Zealand Herald, Volume XXXV, Issue 10836, 20 August 1898, Page 3

AUCKLAND CO-OPERATIVE BOOT AND SHOE GO.

The annual meeting of shareholders of the Auckland Co-operative Boot and Shoe Company (Limited) look placo last evening 'at tlio company's office, Albert-street, and was' largely attended. The chair was occupied by Mr. King. Mr. H. Dcarsley, secretary and manager, submitted the annual report and balance-sheet. The report stated that since last annual meeting a call of 10s per share had been made, in order to increase the capital, and now the company owned a factory second to none in Auckland for the requirements of the- boot trade. The balance-sheet showed a credit balance of £645 16s Bd, after dividends, bonus, etc., had been paid. Tho total surplus over liabilities was £3141 13s lOd. Mr. Fawcus moved the adoption of the report and balance-sheet, and Mr. Jackson, in seconding, said he thought the subscribed capital was altogether inadequate, and expressed surprise that the company had been so successfully financed by the management, considering tho small amount of the capital. The report was then adopted. The shareholders unanimously voted an honorarium of £10 each to the directors. A wages bonus of two per cent., to be paid on the realised value of the shares, was also voted by the shareholders to tho employees. Messrs. King and Sansom, tho retiring directors, were re-elected without opposition. Messrs. Cooper and Bcrcher were again elected as auditors for the ensuing year.