CANTERBURY FROZEN MEAT AND DAIRY EXPORT CO.

Evening Post, Volume CIV, Issue 145, 16 December 1927, Page 12

CANTERBURY FROZEN MEAT AND DAIRY EXPORT CO.

(Special to "The Evening Post.") ■ Tl t 'CHRISTCHDROH, This Day The forty-sixth annual meeting of Ue Canterbury Frozen Meat and Dairy Pro.duce Expxort Co., Ltd., was told yeste?W, which, with the amount brfghffoo/--ward from last year, made the amount at A- d m °L^ he PCofit and loss account £95. ( °>$ of *fci« » further Edition •was made to the renewals reserve fund and after■rack apportionment and deducting the dividend paid at the half-year, ■there remained; a sum of £12,295 10s JOd jut of which the directors recommended the payment of a-further dividend of 3 per cent, on preference and 4 per cent on ordinary shares (making 6 and 8 per resp jCtl,vel? for the >'esr>< absorbing £7500, and leaving £4795 10s lOd to be earned forward. ' • •

• 'In aoviDg the adoption of, the report Jind-/balance-sheet, the chairman referred to the effects' of the coal strike in England and ■the competition of SoiTth American meat at cut prices, also Home-killed meat, tvhieh would be a recurring factor each year^ Str George stressed the need for guarding against monopolists or speculators by keeping the companies controlling the outlet of frozen stock in the hands of the local pastoral and farming industry. Sheep-growers should endeavour rmP *ne lua''ty of our meat. The report was unanimously agreed to. .Messrs. Herbert Elwortby and J. H : wigg, retiring directors, were re-elected.