NOTES FROM WELLINGTON.
iST A SPECIAL COEEESrOKDENT.) "WELLINGTON, Iteoember 8. The financial year of the Gear Meat Company closed on November 30th, and to-day shareholders were in possession of the balance-sheet. The annual meeting will be held next Friday. This is remarkably quick work, and characteristic of the prompt business methods of the company. The gross profits for the year amounted to £110,614, and tho expenses totalled £14,074, leaving a balance of £96,040, to which must be added £27,450 brought forward, making available £123,920. Out of this £20.000 has been added to the reserve fund, bringing that fund up to £.150,0C0. and £SOOO has been added to the marine, fire, and accident insurance fund, which now stands at £194.960. The, dividend for the year, at tho rate of Is 6d per share, or 7$ per cent., absorba £31,500, and £37,500 has been set aside towards the liability for taxes in New Zealand and 1 Great Britain. The balance of £26,990 ia to be carried forwardIn addition to tho dividend, the shareholders receive a bonus oft 3d per share out of the company's insurance reserve. Tho assets include: Properties, plant, etc., £60,665; sundry debtors and deposits, £509,219; stock, £48,871; investments, £334,806; and cash, £25,076.
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https://paperspast.natlib.govt.nz/newspapers/CHP19221209.2.77.3
Bibliographic details
Press, Volume LVIII, Issue 17633, 9 December 1922, Page 12
Word Count
203NOTES FROM WELLINGTON. Press, Volume LVIII, Issue 17633, 9 December 1922, Page 12
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