MEAT COMPANY’S POOR YEAR
HEAVY CALL ON RESERVE FUND. (By Telegraph—Press Association.) CHRISTCHURCH, Dec. 3. The forty-ninth annual report of the Canterbury Frozen Meat Company states that the net loss for the year was £47,38S 17s, but after deducting the profit received from realisation of war loan, £11,365 14s, and the amount carried forward from last year, and adding the dividend paid at the half-year, the balance at debit of the profit ana loss account is £41,756. The directors propose to transfer £49,000 from the general reserve to the profit and loss account, which will then show a balance of £7244, from which they propose to pay a further dividend of 3 per cent., absorbing £63*75, and carry forward £869.
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Bibliographic details
Hawera Star, Volume L, 4 December 1930, Page 4
Word Count
120MEAT COMPANY’S POOR YEAR Hawera Star, Volume L, 4 December 1930, Page 4
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