116 [Annual Meeting of the Shareholders held at the Central Hall, Renshaw Street, Monday June 9th 1913.] Dr. Whitford presiding. The Secretary read the notice convening the meeting. Press The meeting resolved that the Press be admitted. The Chairman proposed, Mr. Wade seconded, and it was unanimously resolved that the statement of accounts and balance sheet be taken as read. Auditor's The Secretary read the Auditor's report to the Report Shareholders. The Chairman made his report upon the accounts and the business of the Company during the preceding twelve months and proposed, with Mr. W. R. Clayton seconding, that the report, balance sheet and statement of accounts be approved and passed. A series of questions having been put by the Shareholders and answered by the Chairman the resolution was put to the meeting and unanimously carried. Mr. Wade proposed and Mr. Coffey seconded and it was unanimously resolved that a dividend of 5% be declared (free of tax) on paid up capital. Election of Directors The following names were submitted to the