Description

The Oakbank Oil Company Limited, Report by the Directors and Abstract Balance Sheet for Year Ending 31st March 1911. To be submitted to the Twenty-Sixth Annual General Meeting of the Company on 17th May 1911. Details the: Profit and loss account Dividends Directors changing or retiring Liabilities Assets The balance sheet also notes that: 'The reduced profits for the year are due to the further heavy fall in the value of the Company's products. Sulphate of Ammonia realised a higher price than during the previous year, and the average value for the year now entered upon may be still greater, but any betterment in this respect cannot make good the further depreciation of the value of the products from Crude Oil, which at present appears inevitable. The Shales in the Duddingston Fields continue to give an ample output for the requirements of Niddry Castly Works. The Newfarm Mines are now developed and giving a considerable output. The Retorts at Oakbank which will deal with this Shale have been thoroughly overhauled and are being put to work. The Refinery alterations and extensions at Oakbank Works are completed and will tend to reduce costs in the future.'

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