THE GEAR MEAT PRESERVING COMPANY.
[BY TELEGRAPH.—PRESS ASSOCIATION.] Wellington, Thursday. : At the annual meeting of the Gear Meat Preserving and Freezing Company to-night, the profit and loss account showed a balance available for appropriation, after duo allowance for depreciation, etc., of £7018, which the director** recommended to be apportioned as follows :—ln payment of a further dividend, making 10 per cent, for the year, £4800 ; carried forward, £3518. The reserve accounts of the company now amount to £'22,000. In moving the adoption of the report, the Chairman said the low prices ruling in London for the company's products had affected the revenue, but in spite of this a dividend of 10 per cent, was paid, making 112$ per cent, for the eleven years the company had been in existence. Ho pointed out that the reserves of the company were in such a sound position, that that if only 6'i per cent, was earned on the total capital employed by the company, it would enable the shareholders to receive 10 per cent, dividend on their share capital. The report and balance-sheet were adopted and the retiring directors, Messrs. Ander. son, Beauchatnp, and 8011, were re-elected
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Bibliographic details
New Zealand Herald, Volume XXXI, Issue 9400, 5 January 1894, Page 5
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194THE GEAR MEAT PRESERVING COMPANY. New Zealand Herald, Volume XXXI, Issue 9400, 5 January 1894, Page 5
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