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X'l . ■ os;0 , • s ■ , ... ti, i ! .5 : 3 5 -r. /is.-' s. : :i ; it:— ■■ >v, >,i ino ■ ■ L 8 :1s lid— .C‘ : 5.7; S 1 ' ; H.l : >•.! ;•! lit AitU.’O'J ; smui.-y cvstiivti'.’s, "xiTiii i’-D 7;I ; br d consif'n- / . !;/■::: ! ; balance, LiOs 1U— WiOl'lT AND LOSS ACCOUNT. “To working espouses, rat taxes, in-sufiiu-e-:, rents, km lanes, a-xl .L'O I.O'v! ; -I a ; balance, Li cits.) Or lU t Jj'J'SjlOi ! ■ _:1. *• ,1/' u/O/.bis, ns: subietor;/; m;il sales, A'io s-7 I s,t «-„•a. credit pro lit a ai oss account, AiObn Os kid.” On tilt. ;;t. si oi .tie i)iLautci'n , ) docondctl Air 'V/ali. r Barker, iiio rcfoi'li ullll biiiiUiCU'SiiCCt VVI'IO iUiUptoil. DICE GXO li3. Oo 'bo suction i f Mr W. L>. Lxmm h ,• il is. Air iiatekiiii-on. ih.> tbret

sinj 3\2 pros oq pjnoqs ojora A‘*es 05 jo ottinSf.TJS a’j.oa oq C] Stnq q/A -jnoqit.v. )ncj ‘pOUM-lPplil,' CCj J|!«iV !•;{.,■;!AU) J, 1. i i»UO^XO r f oi'.n 07 .tnpifiuoo cj r.*o? 111 A> J! .U’O.C Oij'i 10 [l’.iO Oil; *3tf .-o .!•>(! r. jo oh'r s >;«?] va ( ivu jo iioistAip r.ir 1 puou 3’-q] A*js c.j uo»-fa:;:( J v.i r jo pno oij; ru [»{«-■;, oq 04 !PJ UOIp.MTI.UJIU.’O 0{ JO Uo|3fJoCi o-.f] l]*}{.‘ t \ piqjs. M{) .10} (I ;n imjonu pOUJiiO ill |\ituunods JOj opnqn .\t* ucj Cin uojiqv' 9S] !'? 11 soomquq j*i .O?*U 3 *|Al\ : JlUj" Oltlf o>i .0 ip;o .i.i.rj oq] Hinonr.i !*l? ■!! 'i '■’SIM ■ no.V no obi.io j ! .'A SJuips ■ ji ‘.i vrnio.-.dNj j».ti:i>ro 3XJi! .1 no ;i pOOii U.;2(! OARI| r j3: ip pm; ‘.uqnio •.• .llll.f Cl.'.vr o? no. •i).n;n ‘OArcf o ; p ■ o;a .-up .-. in: ep.;ir su ;.■ S !.|r;.nu p nu "i tjoiun •31 i’ 1 !' ■ 1 ■3! iiih'ui pni 1 v{ jm p.ntuu) iIiiOOO.I 'C.IOJ muirj oijj jo :>i.i )rt b A’j.'.uo Ri[ jo nop 0011v.1i.l U 11.3 3-">U ?! imp <f ■ - ,: l” '■! >■! "’0 (|«i ) iu oq p;n(>A\ j • i!.. ■■.; : i.'.U :■■■ Xj ' ■■ . .j m; mp '0 •y I - ill.), :. <f ) C!|,T, ■f'" n < : < i v h,;; v 1 -hit it ■> m rr r, 1 rio.on'!': '...'! .MOM :, .i 'II !•••■'• ' o !’■ T -It •SITO.T.fn n y ‘.Cn.v.noAj *jj pun ‘il' [t 1 ‘ Jo-i.)

period of the season, I think you may consider that at the end of the year you will receive a fair return for your money oil your share capital invested. We have had to very largely strengthen our plant, and wo are paying for that plant out of profits as v/c go. We tin: providing for that payment and still leaving our-solv.-s a margin in hand to give you a recompense for the capital you have invested, i.ii {ho next season following—looking ahead—we have no reason to doubt but 'hat we shall be able still further to differentiate the position of the shareholders as against non• shareholders. That of course is the true spirit of co-oper-ation —that as your business increases those who contribute that business shall first of al! share among themselves that

profit rateable to the pro-Joco they supply to the works. Keeping in view that ptiueipio next season, I have no reason to doubt but that those who contribute the most produce to the works will receive the iuos; t; compel:-e, and that that will he a substantial one. (Applause.) The lust soasim o-j.- -.vei'.igc turn-over oi stock per working- day -.vs-. 050. This season the ng ti.ty has !>•:on NJi p. r OVCf:

day -a. very .suimanUal inci'cusc—and toe the month of -Vouch I may say th.it for every works,dav (tint every day in March except Si.odavs) wo were nine to inti thr.'.o'. 'i I‘iOO sheep a d ry. I moke that s. dement to you to justify toe notion of the ui.rotor* in. the increase .ion. stivnyti er,::., oi ;b. phtitf. nnd also to tltr w ;• :ur alien.i' n to ti a very excellent work that In - hot .! done for you at the wo 'Us by tiio i .i: imunyer a'ld :>y ;:!i t: • cuipioi incut. They have lnd : ah.a !:!:>! amount of stock, Otn . 'a; < .of yreat diliieultv, ' anpiiiiiieft that enono men i

the an'ouufc of - 'ock that has been put through i.:j works this season, i may congratulate you. gentlemen, on approach* ing me dose of <■ most satisfactory season, of having amply justified the slop you took in tin inr.ucuraiioii of this company, tir.ci in the .subscript;, m of so largo an amount of capital. And in addition to the very substantia? resuits of profit thatyou have* in the iuc-venscd value* of the works and :h • s urhnos that- wbl soon be at your disposal for division, i consider that you have received by your •auerprisc and courage in embarking on tins enterprise a sum for tiic whole district of from imOjCGO to .kdOdidO in tho in.iprov. • value of yew: dock. I congratulate you very brandy or the succors of your enterprise*. (.Applause.)

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/GIST19030420.2.35

Bibliographic details
Ngā taipitopito pukapuka

Gisborne Times, Volume IX, Issue 869, 20 April 1903, Page 4

Word count
Tapeke kupu
797

Untitled Gisborne Times, Volume IX, Issue 869, 20 April 1903, Page 4

Untitled Gisborne Times, Volume IX, Issue 869, 20 April 1903, Page 4

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