NEW ZEALAND DRUG COMPANY.
(PBBSS ASSOOIATIOtt TELHGRAM.)
DUNEDIN, March 17. The nineteenth annual meeting of the New Zealand Drug Company was held this afternoon, when a dividend of 7 per cent, was declared.
Mr Sievwright, the chairman, in proposing the adoption of the report, said that the profit and loss account called'for no comment beyond the faot that the net profit available was better than in former years. He expressed regret that, notwithstanding all the expense the Company had gone to, and after the strenuous endeavours they had made to get linseed locally grown to keep them going, they could not get it done, and complained 'that the tariff hampered them in the acid and manure section, the Government having put a duty of 22 per cent, on acid packages which the Company had to import, but allowing outside makers of acid to send in the same packages, if filled from outside the colony with acid, to come in absolutely free.
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Press, Volume LV, Issue 9988, 18 March 1898, Page 3
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161NEW ZEALAND DRUG COMPANY. Press, Volume LV, Issue 9988, 18 March 1898, Page 3
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