The Scottish Comb Company, Limited
The statutory meeting of the Scottish Comb Company, Limited, was held yesterday afternoon in the office of the secretary, Mr J. S. Watt, 26 King Street, Aberdeen. A considerable number of shareholders were present.
The chairman (Mr George Gordon) informed the meeting that the company had been duly Incorporated on the 22nd September last, and that the directors had used every endeavour to get the buildings and machinery forward as rapidly as possible. The works at Kittybrewster were well advanced, looking to the season. The machinery, which had been distributed amongst a number of competent engineers throughout the town, would be ready in good time. The engine was upon the ground, and the boiler was in a position to be delivered in the course of two or three weeks.
By the end of June the directors believed that the company would be ready to begin the manufacture of combs, and that they would accordingly have six clear months’ trading during the present year. Plenty of orders were expected, but the Birmingham directors, who were present, would be better able to speak to this point.
The chairman proceeded to say that in forming the present company the directors had no desire whatever to enter on any undue competition with the existing comb company in Aberdeen, and he thought it right to explain that had the Scottish Comb Company not been started, a similar undertaking would have been formed in Lancashire, and a large proportion of the comb trade would therefore have been taken from Aberdeen. The object of the directors was, in the first place, to earn a reasonable dividend for the capital invested, and, in the second place, to keep the comb business in the city of Aberdeen.
The directors proposed to arrange prices on a sound commercial basis, and beyond the fact that the company must necessarily compete with the Aberdeen Comb Works, the directors had no intention of entering on any undue competition with them. When the company was in a position to supply combs, he had no hesitation in saying that there would be plenty of orders. Mr Gordon concluded by calling on one of the Birmingham directors, Mr W. T. C. Brooks, of Messrs Edward Owen and Co., export merchants, Birmingham, to address the meeting.
Mr Brooks expressed his gratification with the forward state of the works and machinery, and informed the meeting that the anticipations which he and his friends in Birmingham had formed as to the support the company would meet with had been amply justified by the large number of inquiries that they had had from the United States and the colonies, and the promises of support that they had received. He regarded the success of the company as assured, and he felt that the Scottish Comb Company would meet a want in the trade which the existing undertaking did not fill.
The meeting was concluded by a vote of thanks to the chairman, on the motion of Councilor G. B. Esslemont.
Leave A Comment