THE FREEZING INDUSTRY.
EXCESSIVE EQUIPMENT
"Among our problems there is still the fundamental fact that tlicro are more freezing works than aro necessary to handle tho available supplies," said Mr. 11. A. Knight, chairman of the New Zealand Refrigerating Company, in his address to the annual meeting of shareholders at Christchiirch on Wednesday. "So long as that condition persists, so long will operating expenses throughout New Zealand bo too high. "Economic factors liavo in past years fenced somo of tho smaller local companies in the North Island to reconsider their position with the result that they have either closed down or fallen under the control of overseas interests. During 1929, tho Qn", l! T l cto ! 3 IK'VO been at work in \nl -T > ' however, bringplants in ?.V in t, ' le nu,n bor of been that sonm '° n ' ?' R onl - v result ,las frce"ingtdu h.v l ore , of lho conUol of H»e New zLhnd ton HIS " trfl,ls ferred from «»e Point a trend of affairs can W c ° untr y> such desirable." htudly bo considered Ihe company's accounts shower] n lne„ for the year of .£105,406, which hLI 1 mot by drawing £IOO,OOO from reserves!"
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Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20482, 6 February 1930, Page 16
Word Count
195THE FREEZING INDUSTRY. New Zealand Herald, Volume LXVII, Issue 20482, 6 February 1930, Page 16
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