COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18273, 16 December 1933, Page 6

COMMERCIAL

WAITAKI FARMERS’ CO. PROFIT OF £4781 (Per Press Association.) OAMARU, this day. At the annual meeting of the Waitaki Farmers’ Freezing Company yesterday tho chairman, Mr. J. E. Austin, in his address, said that the profit, after allowing for depreciation and income tax, totalled £4781, enabling the company to pay a dividend of 3 per cent anil a bonus of 2 per cent, a total of 5 per cent, with £305 carried forward. A comparison of the present output with that of 10 years ago showed that it had doubled. It was 192,470 carcases then, as against 388,419 carcases during the past year. The chain system enabled the works to handle a larger daily killing. The retiring directors, Messrs. J. K. McCulloch, R. Hamilton, and R. W. Trotter, were re-elected. Mr.. D. V. G. Smith was reappointed auditor.

LONDON MARKETS The Bank of New Zealand is in receipt of the following advice from London as at the close of business this week. “Wethers: The market is short oi supplies and prices are nominal. Ewes : The market is firm. Lambs : Lower prices are expected in the near future, owing to larger supplies arriving. Quotations: Wethers, light 4£d to s£d, heavy 3fd to 4 i. ( l; owes, 3d to 4'd; lambs, twos 7£d, eights 7£d to Bd. There _ are no quotations for fours or seconds.”