SOUTHLAND FROZEN MEAT COMPANY.

Otago Daily Times, Issue 8112, 22 February 1888, Page 6 (Supplement)

SOUTHLAND FROZEN MEAT COMPANY.

At tho annual mcetinjf vi the Southland Frown Meat Company the cliairnini; (Mr Turn'i'.ill). in innvinK I he n-pnrl. sai.l tli.r, n emliaet 1»»1 limi rnt.-ml into with Tv.-it and «.'<i. fr.r a si'rvio.- of four £l;::iniprs per year. This :irraiip'iiic:it would enable !w!anco'sfi<..<t. ;..-f"iV lln; shurlmlders r.l tin; next annual mwti'ijf. i,Ui.ou.-li lie nmiiilaii.H 1 hat tint success of last, year-- opcr.iti..!!ii c.-.'.-.-i-Iml nil rviiEnnalilc ex-pedal iocs. T.'ikiiin Into u-jiii:i!.:r.-it-Vm tlml th" vc:ir hn.l hern flared uilli a ilelicil of .ClS'.'. ■!!,■! tln.L .1 iii-t. pmlit. <>f £21" 17s i'J hml eliiCf U'L'ii •li .!' it wi-uM, lie tiiO-.'(;ht,lii; admitted Hint the utHiiH-ss ij-:i! liM-n r.irrie.l on to ii.lvniif.aß.-. The il!i'.:t»n hail every hone -t i-iiri-viiij; that success lo :i further joint n the tiArelinliWs woul.l only put llu-ir shoulders to the hlii.cl mid give .". lltilo iiF=!«t.-iiicii. A nuiiiluT nf pioduiws it'll continued to tend tlitlr sheep lo l'oit Clia'n.fs insH-ad of shipping them direct .from tin: T).'iifT, and thh practice ho thought a moat inju.iioUiua one lruin ew;rv point of view. If these sheep ware shi| ped from" Port. Chalmers and that district got the credit of producing them, !.);<■ value of Southland bind would lull in the estimation of tlw peop c of the old country. There w.-iv ii.f!' Mid) as llu? Mi-sit? Kills t'rutli-r; and Mr U\ It. C!iiMr..n.Miui..lt*rii»iiuir.iiii maii himself, ■...],, ivnv I'i'nc sliiVl'.-" liimt ii-om the Hiiilf, Iml ]..- r--srw;.il to say that many who niijiH cio the ' same '10. war..cd their f»rCAS<es lo Part Olialinurs. Th iMivcti.rs wen- 111 hope. however, tint tli.-V inj. 'ht fiic.ted in iudiicliix the slicepowu^r, and ix-inurs »<•: c-hIIv ol Smi'hlaiid to ship fiom their own LRiiril iwrt. The company's liability to Ihe lipuk was "illy vie.-,- E-'»"-'. wliili.1 then: was three or Imir Ihousan.l p;:'i;n<ls ',! iineailed c.ipitd. The direct' n were r.-sillv tii.'d firmiy of opinion that the woiks at th« Bhl/T should he cxtamletl, and » second machine ad'le.l lo the pli.'it. 'po inaUe the prnji'.sed nddil ions to the works would siu.ply mean two calls of los each upon the new issue of ehari", and it was thought that the company might then (:o int.; Die market and raire a lixed loan nt about 7 percent. iiute-\.l of aa.it present paying '.' per eent.uii Iheirovtrilrnit, if this were done the Htnoimt pavnl/c as inti-rnrt ou the i:K'UH«ed in-ileUl-dness would he little, il nnythinjr. (-water than that now paid upon the overdraft. rlhe report was pdoptal, and it was IU-cided lo hold a meeting in a oriuiglit to consider tho question of extending the lorks'.