Selby Moore seconded, and it was cartied, that Me. R. Eastlack and Mr. A. R. Leake be re-elected auditors of the Compiny.
Mr. Hunt—Seeing no allowance is made for a year's wear and tear of machines, retrenchment is the order of the day, so 1 would suggest that the services of your present manager be dispensed with, "and that Mr, Turner, who has done so well for the mill, tke the post.
The Chairman—The report and accounts have been passed.
Mr. Hant—I merely make this resolution now. No wear and tear has been allowed, therefore I think the sornner a change is Imate the better. I think Mr, Turner, who has done so well for the Company, Mr, Jones's place. That is ak. Tknow him very well.
Mr. Appay—May Task that a poll be taken about the proposition of Mr. Hunt.
The Chain The appointment of the management lies with the Directors.
Mr. Hunt—But have the shareholders say in the matter?
The Chairman—You appoint the Dircetors, Hant—Yes, but have we no say in nagomene 7 n—Are yo not satisfied with Hunt—Yes, we're satisfied with the Directors, but we're not satisfied with the management, Oh, no!
The Chairman—Will you leave this tu the Directors 7 Mr. Bunt—I will.
Mr. Avgustin—ask that the Board of Directors consider very seriously the financial position of the Company, and if necessary. cull a special meet eto see!
That can be den The 1 jo agree with yen} that the position is serious. You may certain we will do our very best. You must recollect that the Directors are also sharehold ers in th Mill. B sides 4 their own pockets to look after they always consider the best interest of the The meeting then closet.
Text read from the printed page and cleaned; old type leaves the occasional error.