THE CANTERBURY FROZEN MEAT COMPANY.

New Zealand Tablet, Volume XXVIII, Issue 1, 4 January 1900, Page 13

THE CANTERBURY FROZEN MEAT COMPANY.

The eighteenth annual meeting of the Canterbury Frozen Meat and Dairy Produce Export Company was held on Wednesday of last week. The report for the year states that in spite of the serious interruption to works at Belfast by the destruction by fire of the fellmongery in March, the year's operations show a satisfactory result. The profit and loss account shows a net profit of L 4636 17s 8d after writing £5500 off the works for wear and tear, depreciation, and loss by fire. Of net profit L 2106 6s 9d was distributed in June last by way of interim dividend at the rate of 4 per cent. The directors recommended the payment of a further 4 per cent., this making 8 per cent, for the year, which absorbs L 4356 6s 9d, and leaves L2BO 10s lid to carry forward to a new acoount. The totals of stock dealt with during the year are: — 364,668 sheep, 338,434 lambs, 730 cattle, showing an increase of 121,060 head for freezing purposes ou figures of last year, and a deorease of 70,476 sheep boiled down and preserved. The Fairfield works, put in operation on March 16, contributed 158,953 head to the quantity dealt with till the end of the financial year.