COMPANY AFFAIRS.

Auckland Star, Volume LVII, Issue 199, 23 August 1926, Page 4

COMPANY AFFAIRS.

OTAIHAPE MEAT CO. i The tweirtti annual report or the Otalhape j Farmers' Meat and Produce Company shows that the year's operations have resulted lin a loss or £459 15/1, which, with £1583 12/ allowed for depreciation, gives a total ior £2042 17/1 to the debit or proilt and loss. The directors' report say 3: "Owing: to the late spring, and relatively low prices Tor beer, the number or cattle supplied ; this season shows a considerable decrease. I Sheep and lambs were supplied in increased i numbers, but owing to the fall in the I number or cattle killed, .he gross returns j were practically the same as the previous season. Your directors again remind shareholders that it is to our mutual interest to supply as much stock as possible to the Company's buyers ir this is done, it Is ! confidentially anticipated that, with considerably reduced expenditure, next season's operations will show some profit." The company has a nominal capital or £100,000 or which £67,854 is paid up. Its chief liabilities are Bank or Sew Zealand, £15,035; His Majesty the King, £4000, debentures, £1776. The bulk or the assets totalling £67,000 are comprised" in property and works at Otaihape.