THE WELLINGTON MEAT EXPORT COMPANY.
Wellington, August 1 The directors of the Wellington Meat- Export Company report that £4000 of the jreserve fund has been absorbed by depreciation ; while the loss on the working account was £621, reducing the balance, together with what was carried forward from last year, to £211. ' • The reason of the unfavourable ,nature of the report is thus explained by the directors :— ' Since the erection of the company's' new premises at Ngahauranga there has been a great falling-off in the quantity of stock frozen on account of owners, and the hopes entertained by, the directors of being able to reduce the cost of freezing by increased output have not been realised. On the contrary, the Bupport given to the company by stockowuers has been bo small that in order to
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Bibliographic details
Otago Witness, Issue 2058, 3 August 1893, Page 24
Word Count
134THE WELLINGTON MEAT EXPORT COMPANY. Otago Witness, Issue 2058, 3 August 1893, Page 24
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