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RT Tanner & Co Ltd Board minutes of 1926 At a Meeting of Directors held at 15 Dorset St EC on Tuesday February second 1926 at 11 a.m Present: Mr A Eames (in the Chair)
At a Meeting of Directors held at 15 Dorset St EC on Friday February 26th 1926 at 2 p.m. Present: Mr A Eames (in the Chair) A transfer for 4696 shares in the Adhesive Dry Mounting Company Limited which were formerly held by the late Mr F Garrett in his name but on behalf of the Company was presented duly signed by the Executors and the Seal of the Company was affixed thereto. A transfer of one hundred Ordinary Shares in the Adhesive Dry Mounting Co ltd Numbers 8 to 107 inclusive to Mr Arthur Eames to qualify him on our behalf to act as a Director in the Adhesive Dry Mounting Co ltd in place of the late Mr Frank Garrett was presented and the Seal of the Company affixed thereto. As soon as we hear from the Secretary of the ADM C Ltd this transfer will be lodged.The transfer of the following shares to Mr Frank Anthony Garrett was presented and the Seal of the Company affixed to the Transfer Forms Nos 17,18 and 19. 650 5% Cumulative First Pref.Shares 7001 to 7560 7581-7670 600 4% Cumulative Second Pref.Shares 40 121 to 40 720 2400 Ordinary Shares 55006 and 57407 to 59805 These Share Certficates were made out, signed and the Seal of the Company affixed to same. F.A.Garrett At a Meeting of Directors held at 15 Dorset St EC on Tuesday June 29th 1926 at 12 o,clock Present: Mr A Eames (in the Chair) The minutes of the previous meeting were read and confirmed. At a meeting of Directors held at 15 Dorset Street E.C. on 30th June 1926 Present: Mr A Eames (in the Chair) The result of the year’s trading after payment of the Dividends on the First and Second Preference Shares showed a small profit, but as it was agreed that a sum of £913.5.11 should be written off to Reserve Account against bad and doubtful debts the net result shows a loss of £874.15.11. These bad and doubtful debts were incurred in preceding years and therefore do not belong to the year 1925 to 1926 now under review. A Eames At the Twentieth Annual General Meeting held at 15 Dorset Street E.C on Thursday July 8th 1926 at 2.30 p.m. Present: Mr A Eames (in the Chair) The Secretary read the Directors Report as follows: Gentlemen The Directors have the pleasure to submit herewith the Accounts of the Company for the year ended 31st March 1926 duly certified by the Company’s Auditors. The trade done during the year shows an increase of nearly £600 as compared with the trade done for the year ended 31st March 1925 and the gross profit was increased from £17,359 to £18,129. The expenses of carrying on the business are still very heavy and amounted during the year to £17,773 as compared with £16,035 the previous year. The main increase in the expenses was in the interest on mortgages and loans and reserve for bad and doubtful debts. The result of carrying on the business for the year was a profit of £794 as compared with £1700 the previous year. During the year the Directors have paid a years dividend on the 1st and 2nd Preference Shares and have set aside a 1/5th instalment towards the redemption of the lease of 330 Liverpool Road, with the result that there was a net loss of £874.15.11 for the year. The accumulated loss at the 31 March 1926 amounted to £3,091.18.8. The Directors report with much regret that death during the year of Mr Frank Garrett and Mr H. S. Pearsall both of whom had been associated with the business all their lives. The loss of these two Directors in one year is a very serious blow to the company. The Auditors, Messrs Marreco, Houseman & Brandon, retire and being eligible offer themselves for re-election. The confirmation of the payment of the 1st and 2nd Preference Dividends was proposed by Mr A Eames and seconded by Mr A Tanner The re-election of the Auditors was proposed and seconded and carried unanimously. Mr Houseman thanked the shareholders and the meeting terminated with a vote of thanks to the Chairman At a Meeting of Directors held at 15 Dorset St E.C.4 on Thursday August 19th 1926 Present: Mr A Eames (in the Chair) The completed transfer form was duly despatched to Messrs Davis & Winder A Eames At a Meeting of Directors held at 15 Dorset St E C on November 18th 1926 at 2.30 p.m. Present Mr A Eames Mr A Tanner Mr F A Garrett and the Secretary A Continuation Lease of the premises 16 Dorset Street E C for the term of seven years from September 29th 1926 was presented for sealing. The Seal of the Company and the signatures of the above Directors and Secretary were affixed thereto. A Eames |