CANTERBURY MEAT
DIVIDEND UNCHANGED
Net profit, after providing for depreciation, of £30,394, against £50,397 last year, was earned by the Canterbury Frozen Meat and Dairy Produce Export Company, Ltd., in the year ended November 30, 1938. Dividend recommendation is unchanged at 6 per cent, on preference shares and 7 per cent, on ordinary. With £10,955 brought in from last year, the amount at credit of profit and loss is £41,349. Out of this £10,000 has been added to the insurance reserve fund and £7000 to the renewals and replacements fund,, leaving £24,349. The preference dividend requires £6000 and the ordinary dividend £7875, leaving £10,474 to be carried forward.
The retiring directors are Messrs. John Deans and Gordon Fulton, who offer themselves for re-election. The auditors, Messrs. Stewart, Beckett, and Company, also offer themselves for reelection.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19381208.2.109.5
Bibliographic details
Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 12
Word Count
135CANTERBURY MEAT Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 12
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