Canterbury Meat
PROFIT SLIGHTLY REDUCED CHRISTCHURCH, Dec. 2. The annual report of the Canterbury Frozen Meat and Dairy Produce Export Company, Limited, states that the net profit for the year, after making provision for depreciation, is £41,119. From the amount brought forward last year £3OOO has been deducted for additional dividend paid during tho year to preference shareholders by order of the Supremo Court. The balance added to the net profit for the year makes £45,308 available. Out of this, £IO,OOO has been added to tho general reserve fund and £12,000 to renewals reserve fund, leaving £23,305. The directors propose a dividend of 0 per cent, on preference shares, requiring £6OOO, payment of a dividend of 7 per cent, on ordinary shares, absorbing £7875, and to carryforward £9433.
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Bibliographic details
Manawatu Times, Volume 61, Issue 288, 5 December 1936, Page 12
Word Count
128Canterbury Meat Manawatu Times, Volume 61, Issue 288, 5 December 1936, Page 12
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