The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1885-02-17 00:00:00

OAS COMPANY.

The half-yearly meeting of this oontra,y, held on
Tuseay, was prodded over by Mr. M. Barnett
(chairman of the Board of Directors). There was •
good attendoncr of shereholdere. The report was ss
follows :
" The directors have much satisfaction in meeting I
the shareholders man to pretreat their ordloary half-
yearly report, with • summery of the moonnte for the
last half of the preceding year (1881), and being able
to state that the ordinary hominess transactions of the
company hare been carried on to their entire satisfac-
boo. The increase of consumption reported in the
previous half-year wee continued throughout the last
Wilf-year, the quantity consumed airing been
12 47.8300 cubic feet sgiiiret 11,029400, an Wenner of
1,04,900 en the corresponding period of the previous
year. or at tte rate of nearly 19 per mot., which the
directors think is highly satisfactory. The consump-
tion for the last hallow (December 31st, 1881),
show. an brasses over the corresponding period in
1878. an interval of fire year", of 27 per cont. The
directors armors the shareholders that, in con
Junction with the manager, they endeavour
in every possible way to said all unnecessary
expenditure of capital, but, neverthelers, while
the coma:optima is increasisg thus largely,
and the company are obliged Ly their special Act to
supply any quantity that may be required, some
further outlay in extensions are from time to date
unavailable, and their manager raPorta that sow.
portions of the plug are even now barely sufficient
for the present regal/amnia • it will, therefore, be
neoeseary for the directors either in the present or
marring half-year to exercise the powers now vested
In them of raising • further amount of capital in such
a mariner and at much Minot II in their judgment the
oircurnatanoss of the company may require.
During the last half-year the directors have Mirada
'tad the arrangement made with Messrs. C..okey and
in respectiog the conversion of the ammoniac's]
liquor, purchased the plant erected for that purp se,
and are now making sulphate of unmade themselves
with satisfactory results. The shareholders oadee the
medal Act of the company are entitled to a dividead of
per Dent., and the peofite for the half-year are in
closes of that rate, but, as when the dividends as.
paid in full, the Inc me-tax must be deducted, and
many shaeholders have expressed a wish that the
dividend should be paid free of Lamm-tax,
li. directors propose to pay a dividend at
the rate of 11 per rest. per annum with the income•
tax, and carrying the differeace betimes those
payments and the 11 per cent to the Reserve Fond,
and that the dividend warrants be forthwith prepared
at that rate and seat by 'poet in the nanal way on
Thursday, the 19th inst. This being the first general
meeting cite. oompany in the year when the directors
who, under the Articles of Amociation, am required
to retire by rotating, have to be re-irlected, Messrs.
K. Rormat sad W. Dunkin, whose turn it is to
retire, offer themselves for reclestios. TM water
has to be elected annually at this meeting, and the
direetoes recommend that Mr. W. Leafy, the
present auditor be re-elected for the wroth/ ymr."
The 'Aeolian of the report was,on the motion of
the CHAIRMAN, moonded by Mr. K. DITRONS, agreed
to, after some disouvion as different point, affecting
the company's future immerge.
The retiring directors, on the motion of Ore
seconded by Mr. C. LiCCT, were re-elected,
se was also the auditor (Mr. W. Livesey).
The customary votes of thanks were accorded the
directors and manager. the later Whir con-
gratulated on the floe:Whim condition of the cont.
Wee alfalfa