To the Editor of the "Nowrn-Citxa Dairy News."
'Sim—I have today received the statement of account for the year] ended December 31, 1927, and am not only surprised' but astounded at the colossal loss that this company has again sustained during the year's working.
'The last time that this company' paid us a dividend was in the happy year of 1921, Since then we hear nothitig but losses. The large reserves which the company accumulated during the prosperous times, have largely been drawn upon, year after year, to wipe off the deficiency in the working account. At the rate the company has been working we: shall have nothing left in a few years. Not only the little reserves, we have now, will disappear, but the company's property will be very' heavily mortgaged. It is high time! that shareholders, like myself, woke up and made enquiries. Why should other cotton mills suet' as Shanghai Cottons, Bwos, ete, pay. regular dividends to their shareholders, al-hough small, and this mills incur losses? There is a flaw somewhere and it is for us to. unite and locate same.
notice the amount of interest paid by the company on overdraft is getting heavier every year, If the company is lacking in funds, why not amalgamate it with others, better situated financially, or sell the mill to the highest bidder? Considering the very valuable site the property of the mill enjoys, I am sure it will not be difficult todo s0, Tam, ete,
Text read from the printed page and cleaned; old type leaves the occasional error.