COMPANY MEETING
HIGHAMS LIMITED
A SUCCESSFUL YEAR The 58th Annual Ordinary General Meeting of Highams Limited will be held on July 1 in London.
The following is an extract from the statement by the Chairman, Mr. Alec E. Higham, 0.B.E., J.P.:
I am pleased to report that the past year, from all points of view, has been reasonably successful. The increase in turnover is gratifying in view of the keen competition in home produced and imported goods. The re-equipment progranune to. which I referred last year is now showing results and, for the
moment, we are pausing to consolidate what has been completed during the past two years, involving Capital Expenditure in excess of three-quarters of a million pounds.
Royton Textile Corporation Limited, which was acquired during the year to supply the Group with cotton yarns, is 'fulfilling its purpose and has con- tributed its share of the profit this year. The acute shortage of labour in all sections remains a very thorny problem and is. hindering full production.
With referenCe to this year's profits, your Board considers that the two Interim Dividends paid on 17th January and 4th April 1966' amounting to 161% should constitute the total distribution for the year 1965/66. . .
With regard to the- future I can only say that trading is operating at a satisfactory level in all Branches of the Group and one hopes it will continue and I feel confident' of -the outcome of the year in which we are now engaged.
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