Geelong Wool Exchange notes record year of profits
At the annual meeting of Secretakers of Deems Lametiog Ltd. held in Geelong the chair announced the company posted its most prosperous year since formation, aided by a strong season and capital from shareholders. Directors reported net profits of £2,10,12/0 with a 7 percent dividend and discussed reserves, expansions, and plans for adoption of reforms in sales, packing, and storage.
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