WANGANUI MEAT FREEZING COMPANY.

Dominion, Volume 3, Issue 900, 20 August 1910, Page 8

WANGANUI MEAT FREEZING COMPANY.

PROFIT OF £12,721. The following (says the ''Wanganui Herald'') : is tho rei>ort to-be'submitted at, tlo annual meeting of shareholders to te held,on Wednesday, September 7,:— ■'"•" :.;" ' .'/.: : :./:-., ■, .- ' " The net profit for the year' ending .July 31 amounts to £12,721 Is.- 3d. . After replacing last'vear's deficit of. £6824, 15s. 7d.. to prolitand loss account, £5896 ss.' Bd. ■ remains to be dealt : with. / '''.'.' .: :' The directors' recommend' the following appropriation:—Pay.'a dividend of 5 per cent per annum on •' paid up capital, absorbing : £2358 9s. 10d.;. ■make necessary' provision,' for' depreciation, and carry' forward-tha balance ! The new "freezing machine and manure conveyor, lately' installed, have given every satisfaction. • The demands of tho company's business have .necessitated an increase of freezing and storage accommodation. ..The ■ directors have accepted tenders: for providing the necessaiy addition, which, when . finished, will provide increased storage for quite 15,000 sheep. This iwill bo ready for next season. . . ■ The retiring directors, Messrs.; Alfred Burnett and J. 8.-Murray; are reelected, there being. no other nominations. "' , THE CENTRAL OTAGO SHEEPSAUES. WELCOIIE CHANGE IN CONDITION : OF STOCK SHOWN. . A leading Otago auctioneer states that a marked feature in connection with the great Autumn Sheep Sales at Waipiata,. Central'Otago, this season, was the small number of sheep "ticketed" for being in a lousy condition'as compared with previous years, the improved state of affairs being duo to the extensive us« of-Quibell's Powder Dip, which. now obtains in that district. \ . , ■.'