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PROOFS, NOT ALLEGATIONS.

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- NEWTOWN & LLANLLWCHAIARN…

CORRESPONDENCE.

WELSH MANUFACTURING AND WOOLSTAPLINGr…

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WELSH MANUFACTURING AND WOOLSTAPLINGr COMPANY. The annual general meeting of this limited com- pany was held on August 21st. Mr J. Kitte was voted to the chair. A letter was read from Sir Pryoe- Jones, Chairman of the Company, regretting his in- ability to be present. Mr Kifcto said the directors regretted being unable to show a handsome profit on the first year's transactions, but on the whole they were well satisfied with the result. Sir Pryce-Jones had expected a loss the first year, and on seeing the balance sheet, was agreeably surprised. The state of trade was depressing, especially in South Wales, in which country they did. the main part of their business. Mr J. D. Daviee moved the adoption of the report. He said the stock as shown in the balance street was really taken at or under aoet price, and had the directors desired to make a show by putting it at selling prices, a profit of -ti,wo cou.d have been made out.-Mr Edward Davies (miyor), in seconding, said the report was very much better than he had anticipated. He was surprised on taking stock at the excellence of the goods manufac* tured, and they were of such quality as would sell well in any part of the kingdom.—The report was adopted. Messrs J. Kitto and J. D. Davies were re- elected directors, and Mr John Evans (Welshpoool). was appointed auditor. Mr Edward Wakin (manager and director) remarked that by alterations which had been carried out a considerable saving had been effected by utilising water power to a gieater extent. Votes of thanks to the Chairman, directors and sec. retary concluded the business.

LLANFYLLIN FLOWER SHOW.

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