FREEZING WORKS.

Press, Volume LXV, Issue 19643, 12 June 1929, Page 12

FREEZING WORKS.

AMALGAMATION PROPOSALS. SHAREHOLDERS' MEETING TO-DAY. This afternoon at 2 o'clock an extraordinary general meeting of the shareholder 3 m the North Canterbury Sheepfarmer s ; Co-operative Freezing Company will be held to discuss proposals for amalgamation with the Canterbury Frozen Meat Company. The meeting will beheld in the Caledonian Hall, and it is anticipated that it will be very numerouslv attended. The business before the* meeting, as set out m the notice convening it, is as _ follows. Th" consideration and if thought fit the passing of the following motions:— "1 That this company enter into a contract to be prepared or approved by its solicitors for the disposal of its property and business to the Canterbury Frozen Meat and Dairy Produce Export Company, Limited (hereinafter called 'the Canterbury Company ) upon the terms mentioned either in sub-section (a) or sub-section (b) hereof, with such further terms and conditions as may be mutually agreed upon between the two companies. "(a) ihe Canterbury Company to take over the business, property, and goodwill of this company as a going concern as from October Ist iy~o, discharging all liabilities and outgoings from that date, and the expenses of completing the proposed transaction, and to allot five thousand (oOOO) fullypaid £3. 6 per cent., preference shares for distribution among the shareholders in this company, and to pay to the directors or liquidators of this companv sn amount sufficient to Gnabl© them to pay to the shareholders of this company in money and such preference shares and cash thirty shillings net for each share held by them respectively. "(b) In the alternative that the Canterbury Company take over the land, buildings, plant, machinery, business, and goodwill of this company for a price to be agreed upon, not being less than £75,000, payable as follows: £25,000 in preference shares as specified in sub-clause (a), and the balance in cash on completion, this company discharging its liabilities and outgoings to date of completion. "(c) The Canterbury Company to undertake to keep the Kaiapoi works in operation for a term of not less than two years from the date of the proposed contract. <; ( d) The shareholders of. this company to be relieved of all liability in respect of uncalled capital. '■2. That this company be wound up voluntarily, and that a liquidator be appointed for the purpose of winding up with authority to receive in compensation or part compensation for the transfer of the company's property and business, shares, policies, or other like interests in the Canterbury Company | for the purpose of distribution among the members of this company." The meeting to confirm these resolutions (If agreed to) is to be held on Thursday, June 27th, in the Caledonian Hall at 2 p.m.

DEHORNING OF CATTLE COMPULSION FAVOURED. {THE PRESS Special Service.] WELLINGTON, June 11. A promise that the .question, of making the dehorning of cattle compulsory would not be overlooked when the Government's programme of legislation was being drafted was given to-day by the Minister for Agriculture (the Hon. Mr Forbes) to a deputation from the Live Stock Association. Mr G. Mitchell, president of the Wellington Branch of the S.P.C.A., said that right throughout New Zealand the Society had long advocated the dehorning of cattle. He did not think there were any two opinions from a humanitarian point of view, and that being so, they could see no reason why dehorning should not bo made compulsory. The Society was anxious that if legislation on the lines advocated was not introduced, then some measure should be brought down making it compulsory to destroy the horncore on calves. The Minister: You know, of course, that there is nothing to stop farmers irom dehorning their cattle if they wish? Mr Moore: Yes, I know some of them do. From an economic point of view it is very desirable that all farmers or owners should do it. Thousands of pounds are lost annually through damaged beef. Another argument advanced by the speaker was that the cattle were more docile when dehorned and consequently easier to handle. The Dominion executive of the New Zealand Farmers' Union had recently passed a resolution in favour of legislation making dehorning compulsory. Mr G. O. Sutton, secretary of the Live Stock Association, read a number of telegrams from freezing companies expressing their approval of the proposal. Mr A. E. Preston said that if the House only knew the loss caused annually through bruising it would have no hesitation in passing a Bill. The Minister said that legislation had been proposed to make dehorning compulsory, and to apply to beasts which had reached the age of 2£ years the season following the passage of the measure. Would that be satisfactory to the deputation? he asked. Mr Moore said he thought a penalty should be inflicted if the animal had not been dehorned after it had reached the age of eighteen months. The Minister: You do not suggest that all the dairy cows should be dehorned? Mr Moore: Personally, we are not concerned so much about the dairy cows, but you would get better results all the same.

The Minister: "We must consider the dairy people. They own the biggest proportion of stock in this country. Replying to the deputation, the Minister said he agreed with all that had been said. There was no doubt that great cruelty was inflicted at present. He was also aware of the fact that a considerable quantity of beef was damaged annually through bruising. He recognised that it was time something was done, and although he could not promise that legislation would be brought down he would keep their request in mind when the programme for the coming session was under consideration. ROBINSON ICE CREAM COMPANY [THE PRESS Special Service.] AUCKLAND. June 11. The annual report of the Robinson Ice Cream Company, Ltd., says the net profit for the year, after making provision for taxation, depreciation, and other charges, is £3586. compared with £3915 last year. The directors recommend the payment of a dividend of 10 per cent., the same as last year. This will absorb £2796, leaving £790 to be transferred to the reserve account. During the year an item of £IOOO goodwill was written off. with a corresponding reduction in the reserve account, which now standa at £2247. The balance-sheet shows that during the year paid-up capital was increased from £24,697 to £29,610. The bank overdraft was reduced from £1434 to £328. Land, buildings,' and plant are shown as £23.224. Kegs, churns, cabinets, and freezers, of which a large purchase was made during the year, are valued at £7480. and motor-vans at £3470. There are sundry debtors owing £1320.