SOUTH OTAGO FREEZING

Dominion, Volume 34, Issue 27, 26 October 1940, Page 14

SOUTH OTAGO FREEZING

A Record Killing Season Dominion Special Service. DUNEDIN, October 25. A record killing year and a very satisfactory financial position were reviewed by the chairman of directors, Mr. A. C. Leary, at the annual meeting of shareholders of the South Otago Freezing Company, Ltd., at Balclutha today. The killings last season were 360,543 sheep and lambs compared with 335,601 for the previous year, an increase of 24,942. The record killings would have been greater had the works been able to cope with all the stock offering during the peak months of April and May. The quality of the lambs was even better than last year ami the average weight was over £lb. a carcass heavier.

Dealing with the prices received during the season, the chairman said he thought the schedules ruling were very reasonable, and in the majority of eases must have shown quite satisfactory returns. Cattle killings showed a decrease of 314 head compared with last season, but as heavy killings of bouer cattle could not be expected every year, the company was probably fortunate iu getting the, numbers it did. The chairman pointed out that the directors had written £-1930 off buildings and plant by way of depreciation and after making provision for income tax., social security and national security tax to the extent of £16.1X10. there was remaining in the profit and loss account, a credit, balance of £16.651/13/-. which im eluded the carry forward of £5993/9/5 from the previous year. The directors recommended payment of a 5 per cent, dividend which would absorb £6630/10/and leave a balance of £10.021/3/- to carry forward. The dividend was approvTlm three retiring directors were defeated and three others elected. The Price Of Tin (By Telegraph.- Press Assn.—Copyright.) LONDON. October 24. The price of tin is quoted as follows: Spot, buyers £258 a ton. sellers £258/5/-; forward, buyers £260/5/-, sellers £260; Gold Mining Returns Because of time lost iu shifting power : lines there will he no wash up this week i of the White’s Electric dredge. (By Telegraph Pres.- AssucniliunjCIIHISTCIHJRCn. October 25. * 'l'he Ausfra-New Zealand dredge return for the 19 days ended al midnight on October 19 was 95.10 z. of bullion.

7. For further particulars apply at post office. 25, and noon, Thursday, November 7. Ji’or further particulars apply at post office. CHRISTMAS MAILS FOR GREAT BRITAIN. AUSTRALIA, Etc. It is not possible this year to furnish closing dates of Christmas mails for overseas, but the following information 'is supplied:— ' America.—Suggested time of posting: Nor later than November (last week). Australia.—Suggested time of posting: Not later than mid-December. Early posting is recommended in view of the uncertainty of transit time. AIRMAIL SERVICES TO GREAT BRITAIN. Air New Zealand, Australia, Capetown only (by transtasman uir/naii or Australian dispatches): Normal transit times, 32 days; postage rate, 1/6 each half ounce. *Air Honolulu. New York only (as op portunity offers): Normal transit time, approximately three weeks- postage rate. 1/9 each half ounce. *Air Honolulu. United Stales ol America Great Britain (as opportunity offers): Nor ma I transit times, under three weeks: postage rate. 4/- each half ounce. Air New Zealand. New York only (by transpacific airmail): .Normal transit time, approximately two weeks: postage rate. V- each half ounce. Air Now Zealand. United Stares 61 America, Great Britain (by I ranspaediv mill transatlantic airmaili : Normal transit rime. 12 days: postage rate. 3'9 each half on nee. ’■ ! (’onn»t\ii«nx unccriaiu o-inprcd sender’s risk HOLIDAY NOTICE. LABOUR DAY. OCTOBER 2-S, BHO. postal.--Attendance: AH post offices will be closed in all branches. Mails (outward): Inland mails for northern and Hout horn offices will close al. 8 a.tn. Air mails: Air mails for dispatch by inland air services will close as follows: Nelson and Coast. 6.35 a.m.: Blenheim, 8.30 a.in.; southern otiicos. 10.20 a.m. Street receivers: A clearance of all receivers situated at city and suburban post otliees will be made al 5 a.rii.; street receivers will not. be cleared Private-box lobby: open as usual. Post men’s deliveries: No delivery will b<- m:id* l»y postmen. Telegraph Attendance: Aiiekhmd Christchurch Dunedin and Wellington 0 a.m. to - p.m.. mid 7 p.m jo midnight Lower Hutt and Peiotie. 11 a.m. t:«> noon, ami 7 p.m. to S p.m.: for oilier offices nlease inquire at telegraph counter, dial •0 131. or see post office guide. Telephone Exchanges.—Attendance: ’.l’he principal exchanges will be open as usual. F W. MATHEWS. > Chief Postmastei Saturday. October 26.