CHRISTCHURCH MEAT COMPANY.

New Zealand Mail, Issue 1511, 14 February 1901, Page 23

CHRISTCHURCH MEAT COMPANY.

CHRISTCHURCH, February 8. The annual meeting of the Christchurch Meat Company was held to-day, Mr Gilbert Anderson, managing director, presiding. The report stated thatduring the year shares had been allotted increasing the subscribed capital to £138,810 (the balance of £150,000 capital had been subscribed since the year’s accounts closed). The premium reserve is now £3939. The company’s works are now of an extensive and substantial character, equal to the full requirements of the respective districts for some time to come. Owing to the failure of the turnip crop there had been a large falling-off in the quantity of stock available. During the year the company put through 983,244 head. Every satisfaction had been expressed in London with the quality of the stock frozen and shipped. After making ample provision for the future and writing-off £6162 for replacements and renewals, the profit and loss account shows a profit of £10,984, which, with £16,208 from the previous year, gives a. total profit of £27,192. An interim dividend was paid in April amounting to £4436, leaving an available balance of £22,756, from which the directors recommend that a dividend of 4/ per cent., making 9 per cent, for the year, be paid, absorbing £4662, leaving a balance of £18,094 to be carried forward. The report and bal-ance-sheet were adopted unanimously.