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THE CASTLEMAINE WOOLLEN,

MILLS.

(FaOSI OOB CoBBESrONDENT.)

TUESDAY EVEKLKO.

At the halts early meeting of the Castle maine Woollen Company InBt evening the directors in their report regretted that, owing to the existing depression in trade, the financinl result of the last six months was not so favourable as they desired I be Tac tones and Shops Act passed by the last Pur hament struck a serious blow at the industry A hope was expressed that the united action of the various woollen companies in the colony in an endeavour to obtain an increase of the duties on their manufactures woul I prove successtul In reply to n shareholder the chairman explained that the Iactones Act affected the industry, inasmuch ns the hours ot labour were shortened and more hands had to be emploi ed Hie financial statement Bhowed that there had been a profit of £84C 18s Od. for the six months

under review

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