MEAT COMPANIES.
COMPETITION FROM OVERSEAS. (Per Pres 3 Association). CHBISTCHURCH, January 31. The annual meeting of shareholders in the New Zealand Refrigerating Co., •Ltd., was held to-day. The chairman of directors, Mr W. H. E. Flint, referring to the dividend, said he knew that some shareholders would be disappointed, that the directors had not recommended a larger distribution, but in deciding upon a dividend of 4 per cent, with a special bonus of 1 per cent., the directors had followed the only course they believed consistent with a reasonably prudent policy. Conditions in the industry had improved but they could not predict for how long this betterment would continue. The freezing companies in Canterbury' also had to contend with many difficulties not the least of which was the increasingly severe competition from overseas interests whose financial resources were infinitely greater than those of the locally owned companies.
The retiring directors, Messrs W. H. E. .Flint and J. 11. Cunningham were re-elected.
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Ashburton Guardian, Volume 54, Issue 95, 1 February 1934, Page 6
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161MEAT COMPANIES. Ashburton Guardian, Volume 54, Issue 95, 1 February 1934, Page 6
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