SUCCESSFUL YEAR

Waikato Times, Volume 129, Issue 21525, 13 September 1941, Page 8

SUCCESSFUL YEAR

BARTHOLOMEW TIMBER COY. After making full allowance for depreciation and taxes, a profit on the year’s working of £3162 9s 7d is disclosed in the annual report of the Bartholomew Land and Timber Company, Limited, to be presented at the ordinary general meeting of shareholders on Thursday of next week. There remains at credit of the profit and loss account £7435 16s 7d and from this the directors recommend the payment of a final dividend of 2\ per cent, making 5 per cent for the year. In addition a bonus of 1 per cent is recommended. The chairman of directors, Mr A. L. Tompkins, states in his report that the demand for timber was well maintained throughout the year, due chiefly to urgent Government and military requirements. It was a most difficult matter to cope with all orders offering on account of the depletion of laboui due to war conditions. This position became increasingly more acute as men were released for military service. Plant, machinery and tramways had been well maintained and were in firstclass condition. The director to retire bv rotation is Mr A. L. Tompkins,' who offers himselX lor re-election.