Description

The Oakbank Oil Company Limited, Report by the Directors and Abstract Balance Sheet for Year Ending 31st March 1915. To be submitted to the Thirtieth Annual General Meeting of the Company on 12th May 1915. Details the: Profit and loss account Dividends Directors changing or retiring Liabilities Assets The balance sheet also states that: 'The price realised for products, particularly for Suplhate of Ammonia and Paraffin Wax, shows a heavy reduction compared with previous year, while little or no saving has been effected in costs. Further, the output of Shale and throughput of Oil has been considerably lessened by the shortage of labour in consequence of the war. In order to continue the supply to the Refinery of the Crude Oil produced by the Dalmeny Oil Company, Limited, it has been found expedient to acquire almost the whole of the Shares of that Company. The capital of the Dalmeny Oil Company, Limited, consists of 2, 700 Preference Shares of £7 each, fully paid, and 5, 400 Ordinary Shares of £8 10s. each, on which £7 has been paid up, and this Company has puchased 2,631 Preference Shares, and 5,282 Ordinary Shares at the price of £3 10s. each.'

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