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.