FARM AND DAIRY.
» ♦ PATEA FREEZING WORKS. The net profits of the Patea Farmers' Co-operative Freezing Company, Ltd., for the rear, after making safe allowance for depreciation, amount to £19,711 2s 3d, from which, however, must be deducted the debit balance of last year, amounting to £7122 15s lOd, and leaving available for distribution £12,588 Cs sd. The directors have written £2084, equal to 13% per cent, off their ferro-concrele buildings, and 10 per cent, off the machinery. The company owes the Bank of New Zealand £28,511 17s Bd, and has borrowed in addition £22,SISC 12s Id, or a total liability under these two headings of £sl, 498 9s 9d. Against this, however, stpcks of meats, already sold to the Government, chemical manures, etc., represent £55,668 is 7d. The company, thanks to the big demand for meat, lias gone ahead splendidly, and its success shows what cooperation among the producers can accomplish,
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19150812.2.39
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 12 August 1915, Page 8
Word count
Tapeke kupu
151FARM AND DAIRY. Taranaki Daily News, 12 August 1915, Page 8
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in