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WANGANUI MEAT COMPANY

A LOSS. OF £14,030 01s THE YEAR,

The: directors of the "AVanganui Steal, Frc'cxing Company, ii\ their thirty-fourth annrj.il report and balance-sheet, "regvet that the year's-operations'have ■ not been prolityWe. Tin's is again due to extreme competition for lit stock among buying companies- and exporters. The bulk- of our meat this season lias', been sold at Homo at unprofitable"prices, buii latest sales show ;iu improvement. TJiero is » loss of £8204 7s Eki oa the year's working, lo which niu-?t bo added' iho sum of B&00Q for depreciation, making a. tof-al of-J814..204 7s 9il. . Tho net debt. iiCtei- deducting the credit balance oE £2511 15s -7cl brought forward from, last year, is £11,692 12s 2d." Tho company has called up all the lower paid shares lo £3 10s each, iv live quarterly calls of 10s per share. Four of these calls have matured, and tho next ia due on 15th October. The total amount of capital received during the past year in £21,922. The company's liability to its bankers is £94,120; debentures. " mortgages, and sundry creditors, . £33,710. Assets are set down at £253.203. including works, land, plant, and lighter. £167.169. stock £79,786, and sundry debtors £5948

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19240911.2.89

Bibliographic details

Evening Post, Volume CVIII, Issue 63, 11 September 1924, Page 7

Word Count
197

WANGANUI MEAT COMPANY Evening Post, Volume CVIII, Issue 63, 11 September 1924, Page 7

WANGANUI MEAT COMPANY Evening Post, Volume CVIII, Issue 63, 11 September 1924, Page 7