N.Z. REFRIGERATING CO.
A difficult season for production and marketing was anticipated by Mr. W. H. E. Flint, chairman of directors of the New Zealand Refrigerating Co., Ltd., when speaking at the annual meeting at Christchurch. Many factors which helped last season, he said, would not be operating this season. The value of two of the company's main products, tallow and casings, was likely, to be substantially less, while markets for many other by-products were increasingly affected by quota restrictions, and shipping difficulties. Costs of all materials used in processes had risen to a marked extent. Wages and salaries had been increased, and demands for a further substantial increase in factory wages were under consideration. It was hoped that the works efficiency councils set up recently would help to smooth out-diffi-culties.
The company's main activities in England had been suspended by the war, but of the two subsidiaries, Towers and Company was expected to give a reasonable return on the investments in it, and Field and Company was carrying on the distribution of casings with little interference from normal, apart from the loss of markets and restricted importation of casings.
Directors re-elected were Messrs. W H. E. Flint and W. H. Clark.
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Evening Post, Volume CXXXI, Issue 38, 14 February 1941, Page 5
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202N.Z. REFRIGERATING CO. Evening Post, Volume CXXXI, Issue 38, 14 February 1941, Page 5
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