SOUTH OTAGO FREEZING WORKS.

Otago Witness, Issue 3995, 7 October 1930, Page 16

SOUTH OTAGO FREEZING WORKS.

The annual report of the South Otago Freezing Company states:—The stock dealt with for the past three seasons ia as follows:—Sheep and lambs, 91,010. 157,296, 278,393- cattle, 262 152 799. The directors offer their appreciation to those shareholders and clients who have wholeheartedly supported the works during the past season. The company has again made satisfactory arrangements for next season by which it can dispose of the whole of the output, paying the highest ruling rates for all classes of stock. Extraor* dinary repairs had to be made during the

year to bring the works back into a condition in which the greatly increased output could be handled. The directors consider that all of this expenditure should not be borne in one year, and have carried forward £3500 as a charge against future trading. The profit and loss account shows a profit for the year of £1064 12s lid. lhe amount to be dealt with, including the £2515 10s lOd brought forward from the previous year, is, therefore, £3580 3s 9d. The directors recommend the payment of a dividend at the fate of 5 per cent, per annum, which will absorb £3315 ss, and that the balance of £264 18s 9d be carried forward. The retiring directors are Messrs P. M'Skiniming and J. D. Revie, both of whom are eligible and offer themselves for re-elec-tion.