SUCCESSFUL YEAR

Nelson Evening Mail, Volume 78, 11 March 1943, Page 2

SUCCESSFUL YEAR

MARKET GARDENERS, LTD.

EFFECT OF MARKETING RESTRIC TIONS ON SHAREHOLEDRS

Announcing in the annual report that the rebates on selling commission for the past year had been increased to 33 1-3 per cent, from 25 per cent., the annual report of Market Gardeners Limited refers to the fact that the acquisition of pip fruit crops by the Government means a loss of rebate to those shareholders affected of approximately 3d per case. Over the past six years the company had, the report stated, pai £5,000 in these rebates, a figure which the manager stated to be a respectable amount. Apple and pear shareholders under the present controlled marketing system were also missing the full benefit of their shareholding. Most of the business which the company handled from Nelson was in apples and pears, and the amount of other produce sent from there was very small. SOUND FINANCIAL POSITION In spite of abnormal conditions due to the war the turnover of the company, it was reported, had increased over the previous best year by £20,000, and the directors recommended a dividend of 6 per cent, to shareholders. The balance sheet showed that shareholders’ capital is being safeguarded by not less than £6 in assets for every £1 share invested. Messrs J. Pescini and E. G. Robertson, retiring directors, were re-elected, there being no other nominations.