COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18459, 24 July 1923, Page 5

COMMERCIAL.

S. AMERICAN MEAT EXPORTS. , [bz TELEGRAPH.— association.] WELLINGTON. Monday. The Now Zealand Meat Producers' Board now has an agent' in South America from whom it will receive regular information. This will enable the board to • publish fortnightly communiques showing the quantity of meat shipped by South America to - the United Kingdom, the Continent, or elsewhere. f - tt Shipments from South America to the united . Kingdom for the fortnight ended u ? If, oT. ore: 192.232 quarters of chilled Beef, 32,821 quarters of frozen beef. 40,635 carcases of mutton. 62,439 carcases of lamb, wniie the quantity shipped to the Continent 2a »Q i P rops during the same period totalled '0,53*. quarters of frozen beef and 13.339 carmutton. Killings for the last six months represent an increase compared with tiie - previous season of 52 per cent, ns to cattle, ancl a decrease of 11 per cent, as to sheep The extent of recent shipments the Continent of Europe is said to be .encouraging.-' ... ». DAIRY PRODUCE IN LONDON. reoiivß^ I tf , » •°* Auckland, yesterday reoened the following cablegram from tbpir tti P Tn lpal3 ', Messrs. C. Wilson-Sears: tinaea cheese rising; strike conVESTMENT COMPANY'S YEAR. [BY TELEGRAPH.— OWN CORRESPONDENT.] WELLINGTON, Monday. he annual meeting of tho Wellington Investment Trustee and -Agency Company, Jha;™ 3 K d ' to ; day - Mr. G. Shirtcliffe, f/nkVu* *of directors, said the company's liability to depositors stands at £125,986, ?S"sif7oM C w , er ?. firs' mortgage securities if /ac liw ' hqmd assets to the value or ±35,407. The last-mentioned item was equal to about 23 Dor cent, of the liability. Iceso promptly realisable assets were a great " source of strength to the company and it was tho intention of the board tomaintain, them. A .new item among the assets of the company this year was freehold property, £4752,. which represented th« one and only property on which • the company bad had _to foreclose. The directors were hopeful that with prudent nursing this account might eventually work cut without loss to the company, but a reserve was being provided to coyer any such loss if incurred. J.he net available profit for .-■ tho year amounted to £5569, as compared with £4249 last year. This was largely accounted for by the fact that last year the provision for income tax was largely over-estimated and consequently only £146 had to be provided this year tor that purpose. Reduced expenses had also contributed to the * favourable result. The directors proposed that, of the available, balance of profit/ after providing a dividend of 6 per cent, for the year, £1000 should be added'to the reserve fund, which,, will then stand at £21,700, and that the balance of £849 should be carried forward. Tho report and balance-sheet were adopted. Messrs. G-. Siscliffo and J. H. McKay were re-elected directors.