A satisfactory state of affairs was reported at Wie annual meeting of Alma Estates Ltd, which was held at Jane emees of the Secretaries and genjeral_ managers, Messrs. J. A. Wattle Ca, Ltd, yesterday." Mr. A. J. 'Welch' presided and he was supported Me. L. E. Canning (director) and ME. W. A. Welch (representing the secrelaties and general managers). Total shares represented at the mecting were 14.00 man sald:—The accounts now before ving his annual report the Chair. you disclose the satisfactory profit of Eh. $102,467.61 as compared with a rot last year of Eh. $168,061.07. This profit, whilst eminently satisfac: tory, is smaller than that earned last year for the reason that the average net price realized for our product was, 13.36 pence per pound lower and the. output was 55,500 Ibs. less.
Text read from the printed page and cleaned; old type leaves the occasional error.