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Newspaper
Cairns Post
Location
Cairns, Queensland, Australia
Date
Sep 29, 1928
Page
5
Gordonvale and Cairns customers certify Holt Caterpillar tractors meet tests and exceed expectations. Stewart Thomason confirms full satisfaction with a Holt tractor and plans to order a second unit, praising its efficiency and farm utility.
Shaw 40 shareholders attended the second annual meeting at Havenshoe Arts Hall. Chairman J. Keer led the gathering with secretary duties by the manager. Directors confirmed, and the annual report covered twelve months to June 20, 1928, noting reduced profits, heavy irregular receipts in December to February, and improved future prospects. The board urged more shares to strengthen working capital and reduce interest costs, reporting cooperative harmony and a plan for supplying cream to the factory.
A detailed report covers the association's financials with notes on preliminary factory expenses, debt management, and supplier calls. The auditor suggests applying rebates to part pay for more shares to reduce overdraft while sales rise, and the board approves J Mason as auditor for 12 months amid praise for management and staff.
The meeting debated director retirements under a new rule, with three or four yearly retirements or two per year discussed. Shareholder concerns included dividends, sinking funds, interest on shares, and the Ravenshoe factory's impact on local dairy firms.
MT MOLLOY NOTES report a new Julattem store nearing completion with plans for large stocks at low prices. R J Marshall renovates the butter factory, while local sport lines grow with new cricket wickets and matches anticipated. Several residents face losses and health concerns as water cuts disrupt supply, visitors arrive, and locals anticipate future schemes and sporting activity.
Mrs Miller and Capt Lanecaster arrive from London to announce a planned aviation expedition next year from Tos Kapton to London and return via New York with only a single stop each way. The wider all metal monoplane carries a 400 horsepower forward motor and 200 horsepower wing motors, built by Radin Corporation of America. Command is to be by Lyon with Lancaster as pilot and Mrs Miller assisting. The aircraft will bear the flags of Australia England and possibly other nations.
R. R. Donaldaun sued Kerrion Parke Race Club stewards for £ 5000 damages claiming defamation and wrongful suspension. Jury awarded £ 200 for suspension in bad faith and £ 50 for defamatory statements, total £ 200 in all, plus an injunction restraining further action.
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