FARMERS' MEAT COMPANY

Dominion, Volume 9, Issue 2825, 17 July 1916, Page 8

FARMERS' MEAT COMPANY

ANATJAL IIKI'OKT.. The directors of: the AVcllingtoii lAulners' Aleat Company, Ltd., will report as follows to the aniiual meeting of sharelioTdcvso\viiiy- to the keen demand for .tKcompany'a 'products the year's oyerii'tlous' have again ended successfully, the Balance' of the profit ami loss account, vaTtfli;;' providing -the;sun, of £BUS lor depreciation anil a sufficient reserve for fncoiue .tax, 'beiug: ,£IB,OBI las. Bd. .From tin's amount the sunt of ,£12,503 has been transferred to reserve, and the balance;, . together'with* the amount brought forward' from last.year, your directors pro* . jrosp to allocate as follows;—To dividend of"6 per?cent, oh paid-up capital, J&1683 . - 4s".'''?d.; balance to carry forward, <£2359 ?£"7d.; total, <E69C2 4s. ,3d. During tho year; considerable additions were made ttfttierfreezing and storage block, thereby ' enabling the company to carry on its ojwrations uninterruptedly, notw'itlistand- . i dug'; the' acute-shortage of shipping. A further .slight l -extension of storage no . •com'modatibn-'is now-under way, l and the manure,-and preserving departments are at present being reconstructed on_lhe most modem lines. The quantity wf stock iti'eated shows a decrease on last year's'figures, due in a great, measure to " the dry season ill 1916. The figures arenas follow;— Sheep, season ended Juno 09, ■ 1915, 183,078; season ended June 30, . 1916j: 150,820; decrease, 32,255. Lambs 1915, 168,038.; 191G,. 160,851; decrease, 5187. Cattle. 1910, 11,627; 1916, 11.016; decrease, sSl'.*;'.":The';directora retiring by rotation, j are. eligible'for re-election, are been •'aommated.. Ah election, will be ; carried out in accordance with the regulations ; of; the . company. The auditors, Messrs. Badham and Biss, retire, and are .eligiblV'for re-election. v r.Definite . advice' has been received in New' Zealand that the price of rennet is now;, close on .-.£40- per. 1001b. keg, and that iio':more* "yells" for the making of i rennet caii be procured from Russia. The / farming "community, it is pointed out, ■ should realise how absolutely necessary it is for them'to immediately set abdut saving calf "veils" in New Zealand. Wo note ivith' interest that all'the best prizes for cheese at the Palmerston Show > and the best prices in the London'market were obtained by those makers who nee Victor Vfcts. These famous vats embody a 5 new. principle of middle drainage —worth while investigating. A. J. Parton, Dairyman, Carterton,—Advt