Report of the Directors for presentation to harebellers at the first annu"l general meeting, to be held at the Company's Offices No. 11ba, Broadway, on Friday, Sth June 1900, at 8 pat.
the Directors beg to submit to the shareholders the Statement of Accounts for te half year ended Sist March, 1900.
They regret the loss which has been caused by the great amount of had and doubtful debts incurred, amounting to $1, ey however do not anticipate in the future any such loss, as the matter is receiving their careful personal attention. The business has shown a gradual increase and if it had not been for the above mentioned loss the Directors would have been justified in declaring a dividend.
The Directors regret they have had to part with the services of Mr. G. Cameron, their late Manager.
Messrs. L. Moore and J. W. Gande retire.
Mr. A. R. Leake retires, but offers himself for re-election.
By order of the Directors, W. HI. dacksos,
Text read from the printed page and cleaned; old type leaves the occasional error.