TARANAKI FARMERS’ MEAT COMPANY.

Taranaki Daily News, 5 August 1921, Page 4

TARANAKI FARMERS’ MEAT COMPANY.

DIVIDEND OF 6 PER CENT. The sixth annual report and balancesheet of the Taranaki Farmers* Meat Co., Ltd., has been issued. The sheep and cattle dealt with last season, as was to be expected, showed a decided decrease on the previous year’s. The following figures show the position:— Sheep Lambs Cattle Calves 1919 .. 78,543 12,258 8,906 236 1920 .. 92,612 18,38) 12,011 141 1921 .. 56,436 32,688 6,296 164 After writing off depreciation to the amount of £6,000, and providing the sum of £lOOO for land and income tax reserve, there remains a balance of £3049 3s, which, added to the sum of £3,012 Os 4d carried forward last year, makes a total of £6061 3« 4d, which the directors propose to allocate as follows: Payment of a dividend on paid-up capital at the rate of 6 per cent., £5708 16s 2d, and to carry forward the balance of £352 7s 2d. The annual report states that during the year the new preserving department had been erected and equipped with up-to-date plant, and the company was now in a position to manufacture cannned meats of all descriptions. The additional freezing plant was now practically installed, and would be in working order for the coming season. A new Babcock Willcox boiler was also being installed. The nominal capital of the company is £150,000, of which £117,220 has been subscribed, the capital called up being £05,569, the amount of calls in advance being £6,323.