B.A.W.R.A.

Wanganui Chronicle, Volume LXXXI, Issue 18785, 19 May 1923, Page 8

B.A.W.R.A.

POSITION OF AUSTRALIAN ASSOCIATION. r MELBOURNE, May IS. At the annual meeting of shareholders of the B.A.W.R.A. the chairman said that the Realisation Account surplus at the end of last year stood at £1.224,688, while stocks of wool on hand were valued at £3,718.000, which valuation there was every probability of being real- i ised or exceeded. Securities toiallcd ' £3,253,000, and cash at the bankers ' £7,043,000. The latter was. in | April last, distributed for capital re-i duction payment. Since January, I 1923, the B.A.W.R.A. had disposed | of an additional 276.000 bales, leav-| ing a balance of stocks on hand at I April 13th of 27,000 Merino, whereof 1000 were New Zealand; crossbred 610,000 whereof 235.000 came from New Zealand. Considerable progress was being made in connection with the question of making a final distribution to owners of the 1916-17 clip. The meeting resolved that the capital of the association be reduced from £19,076,000 to £13,744,000 by a repayment of 9/- per share, thus reducing the paid-up capital value of the previous £1 and 10/fhares to 10/- and 1/- respectively. PILES CURED. Mr J. C. Miramar, Wellington, writes: —“I was a martyr for 15 years with Piles. I tried lots of socalled cures, without benefit. The doctor ordered an operation. Fortunately a friend advised your Zann Double. Absorption Treatment. The first application relieved, and after a week’s treatment the Piles disappeared.” Send for free copy of Booklet, in plain wrapper. Adddress, in confiidence, Zann Proprietary, Box 952 Wellington. Booklets and stocks of “Zann” can be obtained from Doig’s Pharmacy, the Avenue, Wanganui. WOLFE’S SCHNAPPS: Exercise a beneficial effect upon the kidneys. "UNIQUE” Hot Water Bottle gives years of warmth and comfort. Guaranteed by the North British Rubber Coy., not to crack, leak or burst AH chemists and dealers.