The shareholders in the above Company amembled for their yearly meeting on the 22nd inst. when the Chairman made a apecch in which he very carefully placed Before them the past working and future prospects of the business. In seconding the report, Mr. Wilcox hailed with satisfaction the slightly increased dividend given, but deprecated any advance in dividends at the expense of the provision that should be made for the repairs and renewals constantly necessary to the buildings and plant.
other formal business was then traus~ acted, @BO, FENWICK AND.CO. ID, The report. to be submitted to the yearly pany, for the 28th inst, has been Ses in the above com-issued. It is excellent reading for those concerned, actually showing comparatively better profit than the Dock company. The net profit for the past year was $38,196.41, to which has to be added $5,310.44 from last year's-account, From this, after payment of Directors' and auditors' fees, it is proposed to pay a dividend of 12 percent to shareholders (absorbing $18,000), to transfer $7,000 to Reserve Fund, and to carry forward $17,356.86 to next year's account. That is to say, enough is carried forward to ensure a dividend of 10 per cent if the working gave no profit! The plant and machinery is being improved, at the same time, steadily out of profits, HUMPHREY'S ESTATE AND FINANCE C0.,
Text read from the printed page and cleaned; old type leaves the occasional error.