N.Z. REFRIGERATING CO.,

New Zealand Times, Volume XLVI, Issue 10510, 11 February 1920, Page 7

N.Z. REFRIGERATING CO.,

LTD ANNUAL MEETING (Extended Report Published by Arrangement.) The thirty-second annual meeting; of shareholders of the New Zealand Refrigerating Company, Ltd., was held in the company's offices, Hereford street, Christchuroh, on Thursday, February sth. Mr H. A. Knight (chairman of directors) presided. REPORT AND BALANCE-SHEET. The following was the report of the directors^— The directors have pleasure in presenting to shareholders the balance-sheet and profit and loss account for the year ended October 31st, 1919. During the year proposals, providing for a substantial increase of tho capital of the company, wero submitted to and approved of by shareholders. The accounts now before you show the much

strengthened position of the company s capital account. Tho balance available for appropriation, aa shown by tho balance-sheet, is .i'160.75i> 12s lOd, which the directors recommend should be disposed of as 10Ilows: „ , £ B. d.

To pav a dividend of Is 3d per share on 300,000 fully paid share?, and of 7Sd per ;,hare on 600,000 shares 10s paid 37,500 0 0 To pav a special bonus of 6d per sharo on tho fully paid shares, and of 3d per share on tho shares 10s paid 15,080 0 0 To place to reserve account 50,000 0 0 Leaving an account to carry forward of 55,259 12 10 .£160,759 12 10 It is with deep regret that the directors have, to record tho death of the late Mr Thomas Tesoheniaker, -who for many years devoted much interest to the affairs of the company. The vacancy thus created has been filled by the appointment of Mr R. Hill Fisher. Tho director retiring by rotation is Mr William Murray, wlio. Being eligible, offers himself for re-election. Tho auditors, Messrs -B. Hill Fisher and Son also retire,, but do not offer themselves for re-election. H. A. KNIGHT, • Chairman of Directors.

H. A. KNIGHT, Chairman of Directors. WII. MURRAY, General Manager. W. 0. CAMPBELL, Assistant" Manager and Secretary. Wo hereby .certify that all our requirements as Auditors of the New Zealand Refrigerating Company, Ltd., have been complied with, and wo now report having examined the Books and Accounts'for the year ended October SI, 1919, and that the above Balance-sheet is drawn up in a proper form, and exhibits a true and correct viewt of tho State of tho Company's affairs as shown by the books and duly certified Stock Sheets. We have seen that tho London accounts have bean certified to by tho London Auditors, Messrs Riles, Salamaa, Coates and Co. R. HILL FISHER AND SON", F.P.A.N.Z.. Auditors. Christchurch, January 8, 1920.

,K=BALANC3 B-SHEET. The following Balance-sheet for the j ■ear ended October 31, 1919, was submitted— £, s. d. £ s. d. A s. d. £ s. d. To Capital, 1,By land, buildOOO.OW) shares ings, machinat J31 each... ' 1,000,000 0 0 ery, plant, Less unallotted 813,010. 13 S 100,000 shares Stocks meat & at J31 each... 100,000 O 0 ■wool, held on account of Subscribed Imperial GoCapital 900,000 0 0 vernment ... 909,577 8 1 Less Uncalled Less Payments 000,000 shares in Advance at 10a each... ' 300,000 0 0 by Imperial Government 669,183 15 8 I^aid^up j - 240;S94 12 4 Capital 600,000 0 0 Sundry DebSeoured Debentors, Investtures at 6 per ments, Con150,000 0 0 signments unSundry Credirealised and tors, AdStocks in vances ag'nst 258,368 13 i Shipments, & New Zealand London balGovernment 199,732 0 10 i War Loan Balance at Cre23,000 0 0 dit Profit and : 291,368 13 4 160,759 12 10 Bank of New Cash in hand ' 65,649 18 1 67 16 8 J31.410.491 13 8 •£1,110,491 13 8 PKOFIT AND LOSS ACCOUNT foi • the Year ended October 31, 1919. £ 4 d. J& s. d. £ a d. £ 6. d. To Interim 1918. Nov. 1— Dividend .... 22,500 0 0 By Balance 160,759 12 0 ■ 183,259 12 10 brought forward from last year after Npayment of Dividend and Appropriations au1919. Oct. 31— Bv Transfer Profit after makincr provision for re■pairs, renewals, taxation, and sundry contingencies 35,319 16 6 102 0 • 147,837 16 1 183,259 12 10 i:183.259 12 10 J3183.259 12 10