FROZEN MEAT TRADE.

Poverty Bay Herald, Volume XXXVI, Issue 11792, 4 March 1909, Page 3

FROZEN MEAT TRADE.

- - - — «•> (Per Press Association.) CHRISTCHURCH, last night. At the annual meeting of the BritishN*w Zealand Meat Company to-day a ddvidend (the first) at the rate of 6 percent, was passed. The year's operations showed a balance to credit of the profit and loss account of *£2OSI. Mr W. C Orbell, chairman, in moving the .adoption of the report and balancesheet, which was agreed to, spoke- hopetully of the company's prospects. He said : that from what he had heard and read- lately, a pessimistic feeling with l'egiird to future prices had taken possession- of some Canterbury people. The old ttogey had) been again brought forward,, and fears' had beej* expressed that Australia and the Argentine were going to play, havoc with the New Zealand meat trade. He dad not believe, and never had believed it, and he still believed that a remunerative market would be always found for whatever quantity might, come forward. It was only a question, of time, and that *iot a very long one either, before the Continent, with its huge population, would be a consumer. The agrariaa interests were in power at present, but the masses were becoming day by day more alive to their strength, and. were not going to pay lOd and Is 3d per' lb for meat, when their neighbors could obtain it for , half that price. •