FREEZING COMPANY’S YEAR
GISBORNE SHEEPFARMERS’. NET PROFIT OF £3145 SHOWN. A net profit of £3145 is disclosed on the year's working by the Gisborne Sheepfarmers’ Frozen Meat and Mercantile Company, Limited, in its annual report. A large increase in tho stock handled at the two freezing works and satisfactory mercantile results have made this profit possible. The total number of stock handled in sheep equivalent was as follows: —Gisborne works, 731,268, as against 670,274 the previous year; Tokomaru Bay works, 180,582, compared with 118,914. The report states that the extra quantity of stock killed has offset tlje lower values of by-products and the directors trust' that the coming season’s killings will equal those of the season just ended, so that any advantages that may be gained through reduced costs can be passed on to tho producer. The support given to tho Tokomaru Bay Works by shareholders and others from Tolaga Bay to Hicks Bay was much appreciated, and this, together with the extra killings at Kaiti, has enabled the freezing department. to show a profit.
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Bibliographic details
Hawke's Bay Tribune, Volume XXII, Issue 271, 31 October 1932, Page 8
Word Count
175FREEZING COMPANY’S YEAR Hawke's Bay Tribune, Volume XXII, Issue 271, 31 October 1932, Page 8
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