BROWN, EWING, & CO.

Otago Witness, Issue 3525, 4 October 1921, Page 49

BROWN, EWING, & CO.

The annual general meeting of shareholders of Messrs Brown, Ewing, and Go. (Lid.) was held in the New Zealand Express Company’s board room on Friday afternoon. The adoption of the report and balance sheet was moved by Air James Brown, chairman of directors, seconded by Mr W. B. Fea, and carried unanimously. The profit and loss account to August 15, 1921. shows that the net profits for the year ended August 31 amount to £4063 10s 9d. and flip balance brought forward at August 30, 1920, being £2175 15s 4d, there is a total of £6237 8s Id. less interim dividend for the half year ended February 15, 1921. on preference shares 3 per cent., and on ordinary shares 4 per cent., £1750, leaving to be dealt with the sum of £4489 8s Id, which it is proposed to apply as follows: Dividend of 3 per cent, for half-year ended August 15, 1921, on preference shares (making 6 per cent, for the year), £750; dividend of 5 per cent, for half year ended August 15, 1921. on ordinary shires (making 9 per cent, for (he year), £1250; and to carry forward to next year £2489 8s Id;—total, £4489 8s Id. Mr James W. Henton retired from the hoard in terms of the articles of association, but. being eligible for re-election, offered himself accordingly, and was reeled ed. The auditor, Mr Crawford, retired in the usual course, and. being eligible, offered binise f for re-election, and was re-elected.