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The photographic news
- Bandzählung
- 35.1891
- Erscheinungsdatum
- 1891
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- Englisch
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- F 135
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- Hochschule für Grafik und Buchkunst Leipzig
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- Hochschule für Grafik und Buchkunst Leipzig
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- Bandzählung
- No. 1694, February 20, 1891
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Zeitschrift
The photographic news
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Band 35.1891
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February 20, 1891.] THE PHOTOGRAPHIC NEWS. 151 EASTMAN’S PHOTOGRAPHIC MATERIALS COMPANY. The Financial Times of last Wednesday contains a long report of the first annual general meeting of the above Company, held at Winchester House, Old Broad Street, London, under the presidency of the chairman of the Company, Col. James T. Griffin, from which report we condense the following par ticulars. The Chairman said that, about 1884, the Eastman’s patents were taken up by a company on the other side of the Atlantic, and shortly they were found to be a great practical success. Towards the close of the year 1885 an agency was opened on this side of the water. The business on both sides continued to increase so, that it was found impossible for the company in America to supply the demands made upon it in Europe. The result was that, in 1889, a company was organised in England, and the shares were immediately subscribed for. The report dealt with the success attending the efforts of the first thirteen months. The demand in America has so increased that they have found it very difficult to keep pace with European require ments, and the English directors proceeded to make arrange ments here for the erection of suitable buildings, and the supply of machinery necessary. They bought ten acres of freehold ground near Harrow, and buildings were erected which are now practically completed. The plans were all provided by Mr. Eastman, who has been over here, and who will soon be here again ; but it will be some months yet before the Company will be in complete occupation, and ready to manufacture its own articles. What is called the bromide building, in which the printing will be done, will soon be in a position to meet the demands, which are growing month by month in Europe. In the first fifteen months after the agency was established on this side the sales amounted to £7,595 ; for the next twelve months, £12,900 ; for the succeeding twelve months, £15,807 ; for the next twelve months, ending Aug. 31st, 1889, the sales amounted to £26,576. Then the present Company was organ ised to take possession of the premises. The result is that, for the thirteen months ending Dec. 31st, 1890, the sales have reached the sum of £50,387. As stated in the report, fre quently the Company has been obliged to decline orders, as it has been impossible to get the goods to fulfil the orders. Any questions that friends might desire to ask in connection with the report and balance sheet, he would answer to the best of his ability. Some friends might consider that the expenses are rather large. Under the heading of “ trading expenses,” they would find the sum of £10,775 3s. lOd. ; but during the year they had been opening a good deal of new territory. Money had been expended in establishing agencies in different parts of Europe, and they were receiving very satisfactory reports from those agencies. These expenses will not be repeated, or not repeated to the same extent, or, if repeated, will be spread over a much larger return than they had received during the past year. The directors were pleased to be able to recommend a dividend of ten per cent, on the preference shares and five per cent, on the ordinary shares, and to carry forward to the next account £1,635 15s. lid. He concluded by moving the adoption of the report and balance sheet. Mr. Spiller had very great pleasure in seconding the chair man’s motion. Mr. Jay congratulated the board on the success they had attained on the year’s working. The chairman had mentioned Mr. Eastman’s name frequently, but he (the speaker) noticed that in the list of directors there was no mention made of Mr. Eastman. The Chairman would ask the shareholders to alter that at that meeting. Mr. Jay, continuing, said that they had already expended £1,400 in the purchase of freehold land. Was there any thing more to be paid on the land. The Chairman : No. A shareholder remarked that the directors were very much to be congratulated upon the result of the first year’s working, and it was a great exception that such a report and statement of accounts should be presented to a meeting of a company only in existence for a year, He thought they all must be satisfied—exceedingly satisfied—with what the directors had done. Another shareholder : Are the dividends to be paid yearly or half-yearly ? I might suggest that the time when the dividend warrants are sent out might be printed on the report. The Chairman, in reply to the last speaker, read from the articles of the Association an article to the effect thatitw'as optional with the directors whether they should pay yearly or half-yearly dividends. A shareholder said that he had noticed that they had written off nothing for depreciation of the patents. The Chairman replied that, under the advice of their auditors and solicitors, and by their own good judgment, they felt that the patents were as valuable, or, in fact, more valuable, than when they took them over. Most of them, he reminded the shareholders, were recent patents, and some of them had only been attained last year, and had scarcely yet been developed sufficiently for use. Therefore, they did not feel justified at the present moment in writing off anything under that head for depreciation. A shareholder : Is there likely to be soon another call upon the preference shares ? The Chairman : At the present moment we are in no want of money, and from what we can see it is not likely we shall make another call. The Chairman then put the motion for the adoption of the report, and it was carried unanimously. Mr. Jay moved the re-election of all the directors, and said that the fact of all the directors retiring proved that the board was not afraid of the shareholders. The motion was carried. Mr. Eastman was elected a director of the Company, and the proceedings terminated. Qatent Intellgence. Applications for Letters Patent. 1,856. W. J. Archer, F. W. Archer, and C. W. Huson, 43, Lord Street, Liverpool, ‘‘Lantern Slide Changer.”—February 2nd. 1,933. C. R. Beaumont, 2, Whitehall Street, Rochdale, “Mag azine Camera."-—February 3rd. 1,953. R. J. Wynkoop and J. M. Kemp, 18, Buckingham Street, London, “Apparatus for Photo Contact Printing, a Method of Preserving Sensitised Paper, and a Protective and Adhesive Solution therefor.”—February 3rd. 2,031. A. Brooker, 52a, Robertson Street, Hastings, “ Universal Cameras.”—February 4th. 2,042. G. R. Miller, 18, Buckingham Street, London, “ Recep tacle for Developing.”—February 4th. 2,165. G. F. LUTTICKE, 23, Lansdowne Place, Brighton, “ Lantern Slides.”—February 5th. 2,190. J. Watson and G. J. Johnston, 34, Grainger Street, Newcastle, “ Automatic Plate or Film Changer.”'—February 6th. 2,211. W. G. Burrows, Boston Road, Hanwell, “ Transferring Woodburytype Prints.”—February 6th. 2,233. J. Collier, 37, Chancery Lane, London, “ Cameras.”— February 6th. 2,248. F. W. VEREL and W. Hampton, 87, St. Vincent Street, Glasgow, “ Preparing, Developing, and Fixing Films.”—• February 7th. 2,279. T. Miller, St. Mary’s Gate, Manchester, “ Cameras.”— February 7th. 2,390. F. C. D. Beacham, 29, Titchfield Street, London, “Spotting and Retouching.”—February 10th. 2,466. J. W. Smith and J. Watson, 10, Otterburn Terrace, Newcastle, “ Photographic Shutters.”—February 11th. 2,491. Marion and Co. (L. Marion, G. Bishop, F. Bishop, J. P. Kirk, and H. Guibout), 22, Soho Square, London, “ The
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