SASH AND DOOR CO.

Taranaki Herald, Volume LXVIII, Issue 16797, 22 July 1920, Page 6

SASH AND DOOR CO.

annual general meeting. The 37th annual general meeting of tho New Plymouth Sash and Door Company was hold on Wednesday afternoon, Mr. Newton King; chairman of directors, presiding over a large attendance of shareholders. , The annual report stated that the directors recommended the payment of a dividend of 6s. per share on all’paidup shares,'and 3s. per share on snares partially paid up; this, with the payment already made, would make a total dividend f(» the year of 8s Pd and 5s 3d on the respective shares. The business of tho company showed a marked increase on former years, and had supplies of timber and-cement been available, the increase would have been much greater. In moving the adoption of the report and balance-sheet, the chairman said that it would be seen that the company had had the most successful year in its history. This success was, not all duo to war conditions; for apart from that the general conditions under which the company were working were so much, better than in fee past. ' The working of the business had proved most satisfactory under the present manager, and .with a good staff all were pulling well I together. 4 The company’s trading for i the last sis months of the year had | shown a most satisfactory increase over ! that of the preceding six months. The I directors, in view of the good work done by both the office and factory staff had voted the whole of the staff a bonus of 10 per cent which had b§en included in the post year’s expenses. The chairman also pointed -out that the, amount allocated this year for bad debts was much smaller than for some years. He anticipated that during the coming year the losses would bo still much smaller. Mr. R. Cock seconded the motion, and the report was adopted. Messrs. W. F.’ Brooking and W. H. Skinner were re-elected directors, and Mr. E. Hine was elected a director in place of Mr. W. Outfield, resigned, having left New Plymouth. Mr. H. Baily was re-elected auditor, Mr. Newton King moved a hearty vote of {hanks to the manager and staff, stating that the company had a loyal and hard-working staff. , ‘This was seconded by Mr. W. P. Brooking, who stated that the vote was thoroughly well deserved.** Mr. W. G. Reid, on behalf <Jf the ’staff,, thanked shareholders for their vote, and in doing so, stated 'that the company had a splendid staff which was out to do its very best for tbe com-, pany’s, interests. At the same time he read the following resolution passed by the employees:—“That Mr. Reid be asked to convey to the directors our appreciation of their generosity,, and to assure them of our, loyalty to the firm, and also our determination to do all in our power to further the inter* estsof the company. A. vote of thanks to the directors together with the remuneration for their services was passed, this concluding the meeting.