The annual meeting of Messrs. Major Bros., Ltd., took place on March 17 in the offices of Messrs. A. R, Burkill & Sons, 2 Canton Road, when Mr. A. W. Burkill. presided over a gathering representing 1,066 issued. shares. The directors present were Messrs. W. B. 0. Middleton and G. H, Purcell and Mr. C, J, Smith acted as secretary, The chairman said:—Gentlemen:—The report and accounts having been in your hands for some days, I will, with your permission, follow the usual course and take them as read, In my remarks last year, I stated that we were making a start on rebuilding certain parts of our works. which were no longer economical to operate, chiefly owing to the amount that we had to spend on repairs. We have rebuilt our Guy Lussac Tower! and, since this was done, there has been a very gratifying improvement, in our output. To do this work, however, we, had to shut down for a considerable time, with the result that our output of acids during the past year, showed a decrease and, with the smaller turnover, naturally. costs of production were higher. During the coming year, we propose to carry on the work of rebuilding. our plant and, in order to avoid too heavy expenditure in any one year, our programme is to spread over this and next year the necessary rebuilding to put the plant in good ranning order, I inereaced cost of our acids, we were able to show a profit on the year's working after charging to working account the rebuil Lussae Tower. We are experiencing much better demand for our production and prices show a welcome increase, at the same time the cost of our sulphur has gone up very considerably dite to the fall in silver.
Before closing, I would like to take this opportunity of expressing the directors appreciation of the very excellent work done by Mr. E. Fisher who was kindly lent to us by the Lik Teh Oil Mill, Mr. Fisher devoted a great deal of time and-attention to the various prolems that have arisen during the past year and has, in many ways improved the efficiently of our plant, the results of which are not for the time being apparent, but will show in the near future, As regards the accounts, there nothing for me to comment or, al cost of repairs and rebuilding of the Guy Lussac Tower have been debited te working account and the plant. with the exception of eertsin parts, is operating efficiently and economically.
Before putting the resolutions to the meeting, I shall be glad to answer to the best of my ability any
ask, As no questions were asked, the Per following resolutions were put to the meeting and carried unanimously:—Proposed by Mr, A. W. Burkill and. seeénded by Mr. W. B. 0. Middleton:-—That the report and accounts for the year ended December 51, 1929, together with the recommendation as to the appropriation of the balance at credit of profit and Toss account, as presented, be accepted.
oostd by Me GU, Purell and seconded by Ar. W. Melor:—That Mr. A. W. Burkill be re-elected a director of the company.
Proposed by Mr. I, B. de, Senna and seconded by Mr. 8. R. Ove That Messrs. Thomson & Ca. be re-elected auditors to the company.
Text read from the printed page and cleaned; old type leaves the occasional error.