THE WELLINGTON MEAT EXPORT COMPANY.

Manawatu Herald, Volume II, Issue 279, 6 August 1889, Page 3

THE WELLINGTON MEAT EXPORT COMPANY.

The eigfiitb apjiiual report of the ■Wellington Meat Export Company (Linjifced'lwill be presented to the shareholders at the annual meeting on the/^h. August. During the Moi&QiLti&: there have been. frozen at the works sheep and lambs tt» .the number of 120,822, and beef *Wvmm #>, 'W of 7501bs each ;. or a Total equal to 181,854 sheep' being an increase of 69,184 upon the prerious years work. The ttiuddtuani unprebedented' demand V «ii»{ fM&nng> space for beef has f;ftft«»fi toamuoh for the capacity of the ,irmAli.i^iie&' wete, as a matter otlfiWtdeidgnecl for freezing sheep. „a!h».mretie»^haTe therefore put in haud extensions to the buildings \«Bd iiadrinerr which will increase ' thfe fAe«Mtfjipj<iity pf the Works 9WshMp and 40 cattle. The Com- - pw/fWezi^gcftpftoity will thui.be

Ac^aseil attout 70 per cent, and will be eqiial to an annual -turn out of about 250,000 sheep and 11,000 cattle. This is supposing the works to bo fully occupied during the year, with the exception of two intervals of thrqe weeks each, fofc overhauling machinery. To' £roVf de for the cost of the extensions, it haß been de-, cideA to call up £1 per share upon tn&last issue, in two calls Vif 10s each,, at intervals of sik months The first of tb.esfe calls will be due on the 16th August. After making provision for the depreciation of Wildings and plant there remains at : the credit of profit and loss £2533 0s lid, including 4769 9s 8d brought forward from last year. The direo. tors recommend that the usual dividend of 8 per cent be paid, which will absorb £1640 18s 6d, leaving £891 ss7d to carry forward.