GEAR MEAT COY.
(By Telegraph—Press Association!. WELLINGTON, December 17. The Gear Meat Company’s annual meeting Was presided by _Mr^A» Strang, who remaned that f<oi the. first time the Company, had a Aebit balance, due to unfavourable heavy losses of trading, He refen ed to tha fall in prices, this year of every article produced by the Company namely meat, wool, tallow, pelts, canned goods, casings, and fertilisers. At ordinary times some of them would be down the others compensating. The. Board had to prescribe limits, but would pay farmers the fullest possible prices. The Company had no debentures to creditors, except credit of the annual trade. The shareholders owned . the property free from any charge. The value of property appears m the balance sheet as £57.100. The Government valuation is £260,000. The Company holds permanently invested securities of £303,650: The. total interest paid to bankers in the past year was £8,554, which is less than the usual income from permanent investments in Government securities. Cash at bankers and on current deposit was for more than sufficient to provide the • dividend.
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Hokitika Guardian, 18 December 1930, Page 4
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180GEAR MEAT COY. Hokitika Guardian, 18 December 1930, Page 4
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