The fifth annul general meeting of the Alma Estates, Ld., was held on December 30 at 38 Canton Road, the offices of Messrs, Hugo Reiss & Ca., secretaries and general managers. Mr, E. T. Byrne presided, supported by Dr. R. 8, Ivy, and Messrs, N. G. Maitland, J. H. Osborne, and ©. J. L. Stewart (directors), and the attendance represented 18,485 you.
Land Reserve Tls. 2.140.768 presents the profit on the isolated part of our new purchase which would have been of little use to us for purposes of the dairy and the opportunity to sell quickly at s profit was taken advantage of.
Turning to the other side of che balance sheet:—dairy necessaries have been divided up into the various headings: furniture, pasteurizing plant and machinery, bamb1 fencing, bottles, ete., baskets, ete, stable fixtures, water and electric fittings, cattle food, boilers and tank, and cars and harness. This has been done for the convenience of the accounts and to assist in keeping a more careful check on the various items, The net result vf these items as compared with last year's figures shows ® decrease of Ts. 198.44.
Sundry debtors includes the milk accounta for October, amounting ing and the auditor's report, having been read, The Chairman said:
Gentlemen, Following the usual custom I will, with your permission, take the report and accounts as read. Before asking you to adopt the same, I should like to make 8 few remarks. In the first instanc I will draw your attention to an error in the balance sheet sent out. The item "Rubber in stock and in transit" appears on the asset side as Tis, 37,412.03, but should read Tls. 27,412.03, the same as in profit and loss account. You will observe that this printer's error has and I trust xou will excuse this misprint. With regard to the title deeds, the auditors make the same statement as last year when I gave you a full explanation, to which there is nothing to add.
Our production, you will observe, did not come up to the estimate,
Text read from the printed page and cleaned; old type leaves the occasional error.