23
The Auditors report having been read
Questions having been asked by Messrs W. J. Minto.
I. Russell & C. Wright on the amount for Law
Costs, the Chairman pointed out that these had
been incurred through the request of the F. A.
asking us to bring our Articles into line with the
rules & regulations of that body. He had, in his
legal capacity, prepared a set of new Articles of
Association, and his action was approved by the
Shareholders.
On the motion of the Chairman, seconded
by M. A. Coffey, the Director's Report, Statement
of a/cs & Balance Sheet were unanimously adopted.
Dividend On the proposition of Mr. E. Green, seconded
by Mr. W. C. Gibbins it was agreed that a dividend
of 7½% (less Income Tax) be paid on the paid up
capital of the Company for the year ending 2nd
May 1931.
Auditors Mr. A. McNicoll proposed & Mr. R. A. Gratton seconded
that Messrs T. Theodore Rogers Bowler & Co. be re-elected
Auditors at a fee of Sixty Guineas, and this was
carried unanimously.
Election of Directors There being no nominations, the Chairman
formally declared the 3 retiring Directors (Messrs
C. S. Baxter, E. Green & A. R. Wade) duly re-elected
for the ensuing 3 years.
Mr. E. Green on behalf of himself & his colleagues
thanked the Shareholders for their renewed confidence.
Mr. W. J. Sawyer The Chairman tendered to Mr. W. J. Sawyer
the best thanks of the meeting for his past
services as Hon. Sec. & Director and this was
supported by Messrs R. A. Gratton & C. Wright.
Mr. Sawyer duly replied appreciating
the vote.
