Mr. Tippin: With regard to the carrying on of, the business at, the fend of the year's lease, you will then be taking new premises. Is it your Intention to take new premises at a Tong Tease or to give same a trial for a short period?
The Chairman: The first thing to remember is that our twelve months Tease of these premises may be extended, In. the event of this being Impossible we must secure other sult. able premises. Your board feel that the centre of the purchasing district might, in the near future, move to the western district and under the circumstances we fee! that we should consider the possibility of having to establish the Head Office of the company in the western district, "On the other hand Ido not think it fair to embarrass the company's interests with hard and fast proposals as to our future activities. This would certainly not be wise. It is dificult to foretell anything much in advance to-day and I think if you will Leave the discretion of your beard you will find that the interests of the Shareholders will be looked after. It maybe that in changing the home, the first year or so might be slightly embarrassing but at a little late date feel sure it will develop for the [interests of the company.
T shall now leave the accounts of the company in your hands and T should be very pleased to give any required information to shareholders: before we propose the usual adoption fof accounts, resolutions ete, as now placed before you.
Text read from the printed page and cleaned; old type leaves the occasional error.