GISBORNE MEAT CO.'S LOSS.
The annual report and balance-sheet of the Gisborne Sheepfarmers' Frozen Meat and Mercantile Co., Ltd., for the year ended 31st August, shows a loss on the year's working of £1813.3 sod, but the balance carried forward from last year, £2882 15s sd, enables the company to pay the freezing and mercantile preference dividends, £975 9s Bd, and carry forward £28 2s 4d. The freezing department report stated that the directors "have to report that the results of the year's work in this department are very disappointing, owing to th'number of stock handled at Karti and Tokomaru Bay being considerably less than heretofore. This season wiJI see the changeover to electricity at Kaiti, which should result in a reduction of production costs." The mercantile department report stated: "It is pleasing to report an increase in this department's profits. During the'year trading conditions improved, but a lowering of values in certain commodities manifested itself in the results of the departments concerned."
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Bibliographic details
Evening Post, Volume CVIII, Issue 111, 6 November 1929, Page 14
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163GISBORNE MEAT CO.'S LOSS. Evening Post, Volume CVIII, Issue 111, 6 November 1929, Page 14
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