Sir John Bennett, Ltd. - London - 1901
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Information Regarding Sir John Bennett Ltd.
Re: Information Regarding Sir John Bennett Ltd.
Sir John Bennett, Ltd. - London - 1901
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Re: Information Regarding Sir John Bennett Ltd.
Sir John Bennett, Ltd. - London - 1911
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Re: Information Regarding Sir John Bennett Ltd.
Sir John Bennett, Ltd. - London - 1919
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Re: Information Regarding Sir John Bennett Ltd.
Sir John Bennett Ltd. - London - 1925
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Re: Information Regarding Sir John Bennett Ltd.
Sir John Bennett, Limited
Notwithstanding the strenuous and commendable efforts put forth by the directors of this business, it has not passed the year unscathed. At the fourth ordinary general meeting, held on the 20th ult., at Kennan's Hotel, under the presidency of H. W. Lofthouse, G. Russell, the secretary, had to report that the great depression, the lack of confidence in the business world, and the stoppage of business during alteration of premises had caused them to do less well than they had expected. They had made a profit of £1,728, and with the balance carried forward there was £2,194 standing to profit and loss account. The directors were debarred from recommending a dividend, as the share capital was not equivalent to the available assets. There were only two courses open — ( 1 ) To let the profits accumulate until the available assets were equal to the share capital ; or (2) to give the Board power to proceed with the scheme for the reduction of capital. The chairman concluded by moving the adoption of the report. — Mr. P. C. Brachi seconded the resolution, which, after some discussion, was adopted. — On the motion of Sir. Joseph Weston, seconded by Mr. Clemence, a resolution to the effect that the directors should take immediate steps to carry out a scheme for the reduction of capital was carried, so that each ' A! share will be leduced to £3 fully paid, each fully-paid ' B ' share to £2 fully paid, and each £3 paid ' B ' share to £1 16s. paid, with a liability of £1 ; and that, on the reduced capital, dividends be payable as follows : A preference to the 'A' shares of 8 per cent., then the ' B' shares to be entitled to a dividend up to 8 per cent.; any surplus remaining to be divided so that an equal dividend be paid on both ' A ' and ' B ' shares." The chairman stated that the board would lose no time in giving effect to the wish of the meeting. The retiring directors (Mr. E. L. Moore and Mr. G. Hendry) were then re-elected. Messrs. Gane, Jackson, and Jefferys (the auditors) were also reappointed, after which the proceedings terminated with a vote of thanks to the chairman and his colleagues.
Source: The Watchmaker, Jeweller and Silversmith - 1st May 1893
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Notwithstanding the strenuous and commendable efforts put forth by the directors of this business, it has not passed the year unscathed. At the fourth ordinary general meeting, held on the 20th ult., at Kennan's Hotel, under the presidency of H. W. Lofthouse, G. Russell, the secretary, had to report that the great depression, the lack of confidence in the business world, and the stoppage of business during alteration of premises had caused them to do less well than they had expected. They had made a profit of £1,728, and with the balance carried forward there was £2,194 standing to profit and loss account. The directors were debarred from recommending a dividend, as the share capital was not equivalent to the available assets. There were only two courses open — ( 1 ) To let the profits accumulate until the available assets were equal to the share capital ; or (2) to give the Board power to proceed with the scheme for the reduction of capital. The chairman concluded by moving the adoption of the report. — Mr. P. C. Brachi seconded the resolution, which, after some discussion, was adopted. — On the motion of Sir. Joseph Weston, seconded by Mr. Clemence, a resolution to the effect that the directors should take immediate steps to carry out a scheme for the reduction of capital was carried, so that each ' A! share will be leduced to £3 fully paid, each fully-paid ' B ' share to £2 fully paid, and each £3 paid ' B ' share to £1 16s. paid, with a liability of £1 ; and that, on the reduced capital, dividends be payable as follows : A preference to the 'A' shares of 8 per cent., then the ' B' shares to be entitled to a dividend up to 8 per cent.; any surplus remaining to be divided so that an equal dividend be paid on both ' A ' and ' B ' shares." The chairman stated that the board would lose no time in giving effect to the wish of the meeting. The retiring directors (Mr. E. L. Moore and Mr. G. Hendry) were then re-elected. Messrs. Gane, Jackson, and Jefferys (the auditors) were also reappointed, after which the proceedings terminated with a vote of thanks to the chairman and his colleagues.
Source: The Watchmaker, Jeweller and Silversmith - 1st May 1893
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