The proposed issue of new capital fx considered necessary because Your Directors have decided the addition. of a weaving Jninery for which dered and the for onsing! the: ma hinery is. in course erection. 1 is hoped that the plant will be in full operation before the trid of the sear, 'The accounts are, 1 think, quite lear and need no detailed explana tion, The auulitors' fee has been shown at a higher figure than that sed! by the shareholders at the lost general meeting. This is became your Directors have ageeed te an Justment requested by. the auditors nwt the Chivese nit the othe nit thie tite Pung the Your under review, con= were vers favauruble textile indusny was concerned. Following: the hostilities a number of seven te close dove, sere destroyed which excused output of the mills. Supplies thus fell hart of demand which war fumes vers Ker, ae a nestle of hich Drives veristered rapid Maroughout the
Text read from the printed page and cleaned; old type leaves the occasional error.