FROZEN MEAT COMPANY.

Dominion, Volume 4, Issue 990, 3 December 1910, Page 8

FROZEN MEAT COMPANY.

GISBORXL SITIOEPf VHMEHS' ' CONCLRN '?/ A.: de.Latour presided at the . ' '"? <nial .meeting of the Gisborne .Shpepfarmers'.- Frozen, Meat Company. v-; JLiinjitcd. - - , ;'- ; ; ' tbe adoption of the. report I%; *r. - P ala, i c .ersheet, the 'president'. said : O' B .. year tho company. for the first ■ 'VyV? Practically -out of debt. .On the .;.liabihty side there are: Drafts against fa consignments, £23,281 17s. lid.: son- . ..dO, creditors, £4968 19s.' 6d:; balance . . >,|n;i as ? , S^ aw no Sa rjlh>nd Albion Co., ,v: ...42o00; total, £30,750 17s. sd. Those b^; Consignments,os -:10d,:; sundry v> oV-:'. „ ?V spenso account,., £283 . 2s: 1-- - ; iiVr? i o, CT -' Z^ alancl cash.accounts, ' Bd.; .total, £28,344 12s. Id. . Ahc balance approximately of £2500 is ... more_ than corered by. excess of stocks, this year : are abnormal, and in■V- '.s^ l e c .?l an V f ® ctured 'gooSs awaitirig-sale. •i'i ..■Wa clear . assets stood -at £20,000 stand'at £91,941 '■«•! During the period between the -years compared shareholders ,and clients , i ? ; : d |^?» ds and-.profits "¥?• ] ' l > being-*' little more - 'jT . • , doul)! f . tie - capital. shareholders . , av . 6 r ° u m. , :-Tlie "directors , havo • : decided'to proceed with .the coustruc:°r slaughterhouse ;.-UPpn fieehold ;. premises:, . Additional' . storage proportional to tho output •£;'\ S; :-3 S0 to-be.;provided..:-. Out of this s pront-s . £10,000 is recommended M-vJit-i-rjOfcapprapriation to*pay;for. the build--f;-nSi"g^nd 'P lant Ve completed in time ;H^ S - f°F-ohe-• 'season^'. 191J-J2. •. • Placing' 1 the : -- - »V V - V ™ k * «1»» the year now ~? fe wdl enable tho directors to still i?«# 1 TO ,c - r . meet.-the ".farmers; sunplying. ; ; during ' the ' ..current .yearV'by - ed ? ct, <" , ?- ; and; concessions; ;i At- ? £ .. tile /'company in order ;fairls;;;the -cost^-and risk farmer was reshares in : . proportion dwner- • , -sit'irot shares entails no .burden the p conditions are alterocfi" LatourHhim moved That tlio' tatc of six. per cent-' o^ l t)ic j orv are f : -t?e--SPinpa'ny/ - and 'afc®V, like <3iyidend .of -; six per. centum tpei u P° n .":•%> bonus shares of 'the' K. ; ,.'s«f.^™P an y- " tlie extent only of - the ;. ; - °f J-Os. paid- .up on such bonua.sP?rC3. Bonnses' upon the sheep'and supplied :bv slfareholders were also •. rcconiniende!l. The'report and' balancev, Bneet' were.''adopted. * ''' - : W. K;.-.Chambers, C. A. de Ijafiourj • W». R.' Batker, "and W. D. r-';SS-i i 57? r ' ar ' all "6f whom retired ' from tho were nominated for another of ?®«e.-and'Mr T.»Holden. also >' -.;\;>TO's4ioriii , iated to. be'a director.-'liessrs! ; ' . Chambers, •do Latour,' Barker,' and . were elected.'' '-.;;... FREE TO ALL DAIRYMEN. !./• .; FARMERS AND/ STOCKOWNBRS, : " ' ■ ~ - The 'Wellington . edition ■of SYKES'S f.ffj^oornal 1 for fiairymen, Farmers, and jV.'S;- Stockoirners ■ has now-issued from 'the and. contains'-, the most compreheninformation necessary to successful ever..distributed. Specially useful will be found the extensive tables forirecording, tho .daily milk-testinj re-fb'-r . -The diseases common treatment are explain!;.A f, language that no farmer can misr' .;. -understand. Breeding tables, seed-sowing J tables,, herd ' register; account books, in f.;-VV" everything ,a"farmer should know la^JTipw: offered' to you free.-' If I have ■' orerlooked; your, name :in tho Wellington : V, ; .'distribution,;'send-\at once ,a post'eai'd to; - . {he .-publisher,"and you will receive' one ■ .....by return mail. A, 8., SyKES, Chemist,' .' .. . Proprietor SYKES'S DRENCH, New Ply- ; aiouth.—* -/ ' : * f