MILBURN LIME AND CEMENT COMPANY.
The annual general meeting of shareHolders of tho Milburn Lime and Cement Company (Ltd.) was held at the company's offices, Cumberland street, on Friday, 7tli inst. A fair number of shareholders wero present. Mr J. M. Ritehta occupied tlio chair. Tiie balance sheet showed a credit balance of £8246 13s 8d wrom which mi interim dividend at tho rato of 7i per cent, per annum had been paid, leaving a balance of £6837 19s lid. The directors recommended that, this be disposed ot as follows:—A further half-yearly dividend at tho rate of 7j- -per rent, per annum (£1403 13s 9d), and to write off tho sum of £2500 for depreciation, and to carry forward the balanco (£2929 fa 2d) to the credit of tho next year's profit and loss account. Tho Chairman, in moving tho adoption of tho report and balanco sheet (with was carried unanimously), congratulated the members cn tho success of tho installation at tho cement works of now grinding mills of tho most powerful and efficient l yi )o - . - , Tho retiring directors and auditors wero ire-elected.
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Bibliographic details
Otago Daily Times, Volume 13694, Issue 13694, 10 September 1906, Page 3
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184MILBURN LIME AND CEMENT COMPANY. Otago Daily Times, Volume 13694, Issue 13694, 10 September 1906, Page 3
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