276 [Annual General Meeting held at Law Association Rooms, Monday June 26, 1950.] Present:- Dr. C. S. Baxter (Chair), E. Green, W. C. Gibbins, W. R. Williams, R. E. Searle, C. C., J. C. Sharp, (Major R. A. D. C.), H. R. Williams, N. W. Coffey & 51 Shareholders. Messrs J. C. Bryson, G. H. Bowler, C. S. Britton & Secy. in attendance. A message of goodwill was sent to Mr. F. W. Lake (indisposed) Secy. read notice Convening the meeting. The Press were admitted. Directors Report Dr. Baxter give his report of the A/cs & B/S Season's working, & Mr. Bowler having read the Auditors Report, the adoption of the Accounts & Balance Sheet as read, was put to the Meeting & seconded by Mr. E. Green. This was carried. Dividend Mr. W. R. Williams proposed & Mr. R. E. Searle seconded that a dividend of 7½% on the Paid up Capital of the Company- less Income Tax-be paid. This was carried. Remuneration Messrs Micklesfield & Baxter proposed ? Auditors & seconded that Messrs T. Theo. Rogers Bowler & Co. be paid of Eighty Guineas for the forthcoming year. This was carried after Mr. Nuttall suggested that thought might be given to increasing this next year. Re-election of No other nominations having been Directors received, the retiring Directors Messrs Gibbins, W. R. & H. R. Williams were unanimously re-elected for a period of 3 years. They expressed their thanks to the Shareholders for their