THE CANTERBURY FROZEN MEAT COMPANY.

Lyttelton Times, Volume CVIII, Issue 12996, 11 December 1902, Page 3

THE CANTERBURY FROZEN MEAT COMPANY.

The annual meeting of shareholders in the" Canterbury Frozen.'Meat Company-will be held in the" Chamber of Commerce Hall, at 2.30 p.m., on Wednesday next. The annual report to be presented by the Directors states that after writing £SOOO oft'the works for wear and tear and depreciation, the balance-sheet and profit, and loss account for the year ending Nov. 30 show a profit of £6690 lis Bd. Of this sum £3OOO was distributed to the shareholders in June last as an interim dividend at the rate of 4 per cent, and the directors now recommend a further dividend at the same rate, making 8 per cent for the year. This would leavo£69o lis 8d to'carry forward: to new account. Regret is expressed at the death of Mr John Dealns, who was one of the promoters of the company, and who had been a director since 1889. The totals of stock slaughtered at" the company's works during the year were as follow: 348 046 sheep, 514,131 lambs, 1486 head of cattle, 1124 pigs; total, 864,787 head. This was an increase of 195,183 head on the figures of the previous year. In conclusion the report states that there is no doubt that the figures would have been considerably increased but for the delay in completing the additions at Fairfield, owinc* to the non-arrival of some of the material at the time expected, and to the shortness of the labour supply in some departments during portions of. the busy season.