CHRISTCHURCH MEAT CO.

New Zealand Herald, Volume XLIV, Issue 13399, 30 January 1907, Page 7

CHRISTCHURCH MEAT CO.

A PROSPEROUS YEAR.

[BY TELEGRAPH. —PRESS ASSOCIATION*.]

Christcuurch, Tuesday. The annual meeting of the Christ elm Meat Company was held to-day, Mr. F. De C. Malet (chairman of directors) presiding. The report for the year ending October 31, 1906, showed that the year just closed had proved eminently satisfactory, and that a considerably increased volume of business had been done. The quantity of stock put through the various works of the co-npany for the year amounted to 1,350,532 head. Tim company's works had as usual been kept in good older throughout the year, and the sum of £15,052 lis 9d had been written oft" against renewals and replacements. The balance, at the credit of profit and loss, after providing for last year's debit balance of £14,493 12s lOd, amounted to £43,164 2s 3d, which the directors recommended should be disposed of as follows: —To replacement of amount transferred from reserve fund last year, £15,000; to add to reserve fund, £5000: to open an equalisation of dividend account, £5000; to pay a dividend at the rate of eight per cent, per annum, £12,937 16s lOd, making £57.957 16s lOd, and leaving an amount to carry forward of £5226 5s sd. The profit and loss account for the year showed a credit balance of £43,164 2s Bd. The report and accounts were, adopted.