Position Healthier Than for Some' Years:
Increase of Business Foreshadowed "Although the groat and oss_a¢ count show a debit balance of $25, ©2851, the adverse results for' the year tre by no means representative the work dene by the company. In fact, the firm Is now is a healthier Position than it as been for some years past,... All Indications point (0 an increase' in the volume of busless we shall be called upon. handle during the "current. year, asserted Mr. E. F. Harris, presiding at the annual meeting of" Messrs: 'Millington, Ltd, on May 25. The chairman was supported by Messr F, C, Millington and A, P. Nazer (dic rectors) and B, Rozenbaum (seerelary), Before proceeding with' the business of the meeting, the chotrman Before proceeding with an analysis of the results obtained during last year, I should like to express the cep regret of the directors at the death, which has occurred' at the beginning of this year, of Mr. N. W. Hickling, late chairman of the firm, Mr. Hickling had always taken a very active interest in the affairs of your company but never had. he given It more time and care than last year, during your managing dlractor's absence on home lea the untiring energy "which characterized his Work have sot.
standard which will be very hard for another" member "of" your booed to surpass andi fee) gute that Rip los "deplored on the board, ders ey much os by his collogues
"although the pratt and Joss account sviows. a debit balance of #250083, the adverse results for the year are means representative of the work dane by the Company. In fact, the frm snow in a healtler" pea: tion than it hag been for seme years Dsl, as may be Judged from the fact that' cash on hand at. December ai, 1046, "amounted to. $40908.8" against $1710.00" on the corresponding' date et"the previous year, whilst sundry editors wore. $8174.70 a5. against si3zan0, "Alt Snalentlons point Inevease In the volume of Busle tas wa: aha "be called upon on ete using ths current enn During the major part of 1096, we Wore. without" the services of your managing director, Me. fe Ca Mile Tagton, eho went on ome ten White'in England, he booked "Tang Volume' of business andy although the Photo. of hi hom. leave expenses hea Been charged susinat the year Sperations, none of the. revenue Serived theratron appear accounts under review Orders secured by him are for ex: Ceution during the current nad: subsequent years
Text read from the printed page and cleaned; old type leaves the occasional error.