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• BETTER TIMES AHEAD FOR MEADOWS

12th August 1949, Page 30
12th August 1949
Page 30
Page 30, 12th August 1949 — • BETTER TIMES AHEAD FOR MEADOWS
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Which of the following most accurately describes the problem?

NCOURAGEMENT to shareholders .1—• was given by Mr. W. Wilson Hamill, chairman and managing director of Henry Meadows, Ltd., at the company's annual general meeting. He said that every economy had been exercised and improved methods of production had been introduced. , Losses on previous periods were now being eliminated.

In the year ended August 31, 1948, the company's turnover was double that of the previous year. Production costs had shown progressive improvement. Monthly figures revealed that a profit was now being made, and although it was not large, it held good promise for the future. Orders were being received above the level of current production, but still within the company's capacity.

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