STRONG POSITION

Waikato Times, Volume 121, Issue 20254, 24 July 1937, Page 12

STRONG POSITION

PROPAGANDA COMBATED. i CAMBRIDGE DAIRY COMPANY. | (Spcolal to Times). CAMBRIDGE, Friday. j 44 1 would like to refer to a few i •alieht features to combat the propaganda which we hear from time to time circulating in the district with reference to the stability of the company,” said Mr M. Wells, a director of the* Cambridge Co-operative Dairy Company, at the annual meeting of the oompany to-day. He would like to stress the strong financial position the company found itself in at present, said Mr Wells. During the years he' had been a member of the directorate he had not known of any year In which the | company had been in such a strong j position, a position which had steadily j improved in spite of the slump period, j To-day there' was a surplus of liquid j assets amounting to £19,301. Comparing this with 12 months ago it would be found that the liquid posi- i tion of the company had improved by i £3,036. Assuming that the fixed assets as disclosed in the balanoe-sheet would PPnIiQP their balance-sheet figure, it would be found there was 23s 3Vrl worth of assets to meet eaoh £1 share allotted. If dry shareholders in the company were brought out, the position would be considerably strengthened and the assets would approxi- ■ Tiate 30s 2d per £1 share.