An examination of the published balance sheets for the year 1921 of 20 New Zealand freezing companies (being all the companies publishing balance-sheets in the Dominion), showed a paid up capital of over £3,200.000. The net profit for the year amounted to £lOl,BBl, equal to a return of 3.14 per cent, on the par value of the capital invested. In 18 of these freezing companies there was no fewer than 23,772 shareholders, whose average holding was £132. In respect of the two other companies, no figures as to the number of shareholders are available.
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https://paperspast.natlib.govt.nz/newspapers/TDN19220722.2.71
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Taranaki Daily News, 22 July 1922, Page 9
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94Untitled Taranaki Daily News, 22 July 1922, Page 9
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