The profit for the year amounted to $146,862.26 including the carry forward of $4,224.50 from last year, which your Directors recommend be dealt with as suggested in the report The following resolutions were passed unanimously:—
Proposed by Mr. W. Mellor; seconded
report a by Mr. W: B. O, Middleton. "hat the ud accounts for the year ended 1697 as presented be accepted.
by Mr. W. Mellor; seconded by Mr. E. E. Parsons. That the following recommendation as to the appropriation of the balance at credit of profit and loss account as presented be accepted:—To Pay a Final Dividend of 10 Cents Local Currency per share (making a total of 25 cents for the year) 22, 54618040 To Place to Replanting and Cultivation Reserve... 15,000.00 To Write off Buildings and Furniture 200 To Write of Plant and Machinery 3,000.00 To Write off Motor 1.000.00
Supply 3,018.13 To Donate io Recreation Centres Fund 500.00 To Carry forward 689313
Text read from the printed page and cleaned; old type leaves the occasional error.