MEAT COMPANY’S LOSS.
AN EAST COAST FAILURE. VOLUNTARY LIQUIDATION. By Telegraph—Press Association. Whakatane, Last Night. The annual meeting of shareholders of the East .Coast Co-op. Freezing Company Limited to-day was largely attended. It was followed by an extraordinary meeting of shareholders to discuss the position of the company, and the meat market generally. The balance-sheet showed a loss of £27,670, attributable to loss by depreciation in carry over stocks of by-products from last year, and the decreased number of stock handled at the works, owing to the demoralisation of the meat market. A resloution was passed that the company should go into voluntary liquidation. The general trend of the discussion was that it was highly desirable to retain cooperative works in operation in the Bay of Plenty. A subsequent informal meeting of shareholders and farmers discussed reconstruction. Several substantial offers of capital were made, and finally it was decided that all interested be consulted in the matter of reconstruction.
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Taranaki Daily News, 20 October 1921, Page 5
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159MEAT COMPANY’S LOSS. Taranaki Daily News, 20 October 1921, Page 5
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