PROFITS REDUCED
UNION COLD STORAGE
The accounts of the Union Cold Storage Company, Limited, England, which has extensive cold storage, meat, and shipping interests, show a net profit for 1933 of £820,059, compared with £526,5.'J(> earned in the previous year. Gross profits were £23,827 lower at £062,172, but a smaller sum was required to meet mortgage interest. Allowance for depreciation was unchanged at £125,000. The ordinary dividend is maintained at 10 per cent., and £203,507 is carried forward, against £203,538 brought into the accounts.
Union Cold Storage has a paid capital of £12.000.000. It owns the share capital in the Blue Star Line, Limited, W. Weddel and Company, Limited, and in a number of meat export companies operating in Australia, Argentina, nnd New Zealand, including Fletchers, Limited. Recently a merger was announced between Weddel and Company and the Australian meat firm XV. Angliss'nnd Company (Aust.) Proprietary. Limited.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19341023.2.133.12
Bibliographic details
Evening Post, Volume CXVIII, Issue 98, 23 October 1934, Page 10
Word Count
147PROFITS REDUCED Evening Post, Volume CXVIII, Issue 98, 23 October 1934, Page 10
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