WELEINGTON WOOLLEN COMPANY.

New Zealand Mail, 3 September 1902, Page 51

WELEINGTON WOOLLEN COMPANY.

!n th e annual report of the directors Pea m-e elhngtoll Woollen Company pieasme i s expressed at beiim aeain able to report a substantial profit fo? the year ended 31st July ult. The profit amounts to £10,723 13s on the yJaFs working;, which with +i,„ •' ai ; s brought forward—viz., £1553 14s'sd—gives £12,277 7s 8d for allocation An intenm dividend for the six months to 31 t January last, absorbing £*7947 rn ton off fm n i Paid 1 - £ 3 so ° has written off fox depreciation of plant and buildings, and £2OOO and £IOOO traul[fnV C l d f t 0 rCSGrve fuuds aild employers’ liability reserve respectively. The directors (as previously announced) rccom. mend the payment of a further dividend t 4 r ?r cent making 8 per cent, for tho year, and leaving £1640 6s lid to be carried forward. Notice of motion has boon received from Mr J. G. Fox to amend clause 72 of the Articles of Association, providing for an increase in tho amount of directors’ fees to such a sum as maybe decided on at the moctmg. I roxv forms have been sent to all slinromlders. The directors to retire r ? r X2 n x a 7 Messi-s A,E. Exley and Ft. orhoiv. who offer themselves fn ,- o 1 ;,„ Tl„ aud ;t o „. Mo ,“ , t ' f IK !. Stuart, also offer r>r re-elec! ion.