The Directors hive mach pleasure in placing before the Shareholders the second annual statement. of accounts for the year ending August 31, 1907.
During the past year several import ant addigons and improvements have been made to the buildings and machinery and the Directors now consider the Company possesses a valuable and up-to-date plant capable of carrying out work on a satisfactory and economical basis.
Statement of Accounts.—After allowing ® reawsaable sum for depreviation (is. 14.456.54) there remains a balance of Tis, 40,081.56 including Tls. 12,187.51 brought forward from last year) which the Directors propose to deal with as follows To write off balance good-Tis.
will account 8,721.52 To carry forward 360.04
Tls. 40,081.56
Text read from the printed page and cleaned; old type leaves the occasional error.