MEAT EXPORT CO.

Wairarapa Times-Age, 13 November 1941, Page 7

MEAT EXPORT CO.

ANNUAL REPORT. PROFIT FOR YEAR. The annual report of the Wellington Meat Export Company for the ■ year ended September 30, states: —After providing £8.270 15s 4d for depreciation, the year's results show a profit of £6,388 7s Bd, out of which your directors propose to pay the preference dividend amounting to £4,732 6s 7d, leaving a balance of £1,656 Is Id to be applied in reduction of the debit in the appropriation account. During the past year £9,324 12s 9d has been expended in altering and equipping a building at Ngahauranga for emergency cool storage. This work is being carried out at the request of the Government under an arrangement by which the Government will lend an amount to cover the total cost, estimated to be £13,000. Under the circumstances that the company had a substantial excess of storage over and above the statutory requirements, it is anticipated that the equipment will either be removed or purchased by the Government after the war is over and that the loan will then be cancelled. The directors to retire are Messrs A. E. Mabin and C. N. Plimmer, who are eligible and offer themselves for reelection. The retiring auditor, Mr W. S. Wheeler, is also eligible and offers himself for re-election.” The report is signed by Mr D. Allan, chairman.