They Determined to Have a Dividend.
O- - (Per Press Association.) Dunedin. August 5. At the annual meeting of the Refrigerating Company, the chairman (Mr T. Brydone) said the net profit for the year had been L 2290. The loss which had been made in past years through the company having to buy sheep to fulfil engagements had been reduced to £'4325. As many shareholders wero not sbeeprcwnerfl, it seemed reasonable to pay a small dividend out of tbo profit after writing down the loss by £1800. When the books were audited, it was not proposed to pay tho dividend ; bat since it had been proposed the auditor bad written to say be did not think it ought to be done. The chairman said hjo would ngp ypntnre an opin on regard. iug the future of the tracfo, c pro_pecfc was gjoonpy. As to tjbjo pointer of sheep arriving iv London in a damaged condition, his opiuion waa that the insulation on some of tbo uteanwFS was becoming defective The meetiag car* ned an amendment to pay a di/i---deud. The retiring directors Here reelected*
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Bibliographic details
Feilding Star, Volume XVIII, Issue 32, 6 August 1896, Page 2
Word Count
183They Determined to Have a Dividend. Feilding Star, Volume XVIII, Issue 32, 6 August 1896, Page 2
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