The Oakbank Oil Company Limited, Report by the Directors and Abstract Balance Sheet for Year Ending 31st March 1919.
code: 200133
Description
The Oakbank Oil Company Limited, Report by the Directors and Abstract Balance Sheet for Year Ending 31st March 1919, annual Profit and Loss Account. To be submitted to the Thirty-Fourth Annual General Meeting of the Company on 21st May 1919. Details the: Profit and loss account Dividends Directors changing or retiring Liabilities Assets Balance sheet states that: 'The difficulties in carrying on the business of the Company have in no way been mitigated; prices for the most part continued high until the signing of the Armistice, since then they have fallen generally, and are likely to continue doing so in ratio to the reduction in the cost of freight and insurance. On the other hand, costs of manufacture have risen considerably and are not likely to be less in the immediate future. The Scottish Oil Agency, Limited, was registered as a private Company on 16th May, 1918, and actually began operations on 1st October, 1918. The results show a satisfactory saving in the cost of distribution.'
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