S.C. SALEYARDS COMPANY.

Temuka Leader, Issue 1962, 29 October 1889, Page 1

S.C. SALEYARDS COMPANY.

Tha annual naeetine: of the South Canterbury Saleyards Oompany was held on Saturday. The report stated that in the early part of the year the directors had decided to charge yardage fees on all stock passed through the yards, whether sold or unsold, and the considered that the results fully'justified their action. The following shows how the past compares with the sales of previous years . In--1887-8. 1888-9. crease. Sheep ... 62.330 74,446 12,156 Cattle ... 1922 2039 177 Decrease. Pies ... 243 - 229, 14 Horses ... 498 168 330 The number of sheep dipped daring the was 25,438, as against 21,238 last year, being au increase, of 4200. The total receipts from all sources, exclusive .of balance brought forward from last year, amounted to £399 13s 6d, as against £351 13s 3d the previous year, or an increase of £4B 0s 3d, The total expenses, not including disbursements for dividends, amounted to £2OB 9s 9d, as against £2lO 16s Id last year. These figures show a credit to profit and loss of £236 17a lid, including credit balance , from last year of £45 14s 2d, The directors recommended the payment of per cent, dividend, which absorbs £175 14s, leaviag the sum of £6113s lid to credit of the new year. During the year considerable improvements were made to the cattle and sheep yards in the way of drainage and rough metalling at an outlay of £l3O 14a 6d. The balance-sheet and report were adopted after a short discussion, Mr_F. Cagill was elected auditor, and the meeting terminated.