Boosbeck Steam Saw Mills Co Ltd, 1874

This is rather hard to read! (The triple dots mark the point where I have given up for the moment.)  But I can't think that much can have survived from this company, which was wound up a couple of years later, so I think it is worth posting here.  Here is my (partial) transcription:

Boosbeck Steam Saw Mills Company Ltd

7 Sept 1874 

to JR Stubbs Esq Middlesbro 

Dear Sir
At a meeting of the Directors of the above company the following minute was entered
"That Mr Stubbs & Mr Macfarlane draw up a report to present to shareholders, and that the report be embodied under the following heading" viz.
"That proper machinery in first instance having been obtained, consequently the house to be taken down and suitable machinery erected in its place, thereby entailing extra cost - The dullness arising from recent strike, and the great difficulty in obtaining lathes, saws &c owing to the disturbed state of the trade [...] and the want of system in keeping the accounts and separating them under their proper headings"
"The Books have now been remodelled and all the proper machinery processed and the Directors hope to be able to write off this loss by next year"
I may add that the meeting of shareholders was fixed for Saturday September 19th at Boosbeck at 3 pm.  You will however receive due notice of this shortly.  The above resolution was proposed by Mr Walker & seconded by Mr Anderson
I am yours faithfully [...]

John Richard Stubbs was Official Receiver in Bankruptcy.