NELSON BROTHERS.

New Zealand Mail, Issue 1204, 29 March 1895, Page 5

NELSON BROTHERS.

Our London correspondent, writing OH February Bth, says l The ordinary general meeting of Nelsoit Brothers (Limited) was held at Nelson's Wharf, Lambeth, on Tuesday, but as the directors object to " chiels amang'em takkht notes" on such occasions you mttsfc be satisfied with the bald official report of the meeting." Apparently shareholders never raise any questions which can be beard by the tame pressman employed. He writes: —"Mr E. Montague Nelson, who presided, said that the last balance-sheet showed a profit of £6239, while the present one showed a profit of .£35,012. The volume of business had been well maintained, and the result of the trading had been satisfactory in face of the greatly reduced values of all colonial products. The main amount of the profits had arisen from the London business, the revenue in New Zealand being largely required to meet the losses incurred at Hawke's Bay through the disastrous floods. Since the close of the financial year more favourable ad-, vices had been received from New ZeaThe report wag adopted, Two new directors were appointed, vi«s., Mr J« W. Margetts, of Warwick, and Mr M. C, Thompson, lately of Queensland. Keferenca was also made to the " defrosting " pro* eess discovered by the chairman, which was likely to prove of great value in the sale of meat, and the company were making special arrangements to meet the requirements of the trade, The Company also, intended to undertake the sale on commission of Australian and New Zealand dairy produce."