FARMERS’ FREEZING CO.

Sun (Auckland), Volume III, Issue 762, 7 September 1929, Page 10

FARMERS’ FREEZING CO.

AUCKLAND COMPANY’S GOOD YEAR INCREASED TURNOVER Increased killings of lambs, pigs and calves are recorded in the annual report of the Auckland Farmers’ Freezing Company for the year ended June 30, 1929. Butter and cheese storage receipts also created fresh records. Figures for cattle and sheep handled, however, were not quite so good, showing a reduction on those for the previous year. Following is a comparison of the returns for sheep, cattle and pigs during the last five years: Year ending

The last was a splendidly productive dairy season. Butter receipts for the year constituted a comfortable record, the increase on the previous year being 13 per cent. The increase in cheese was 19 per cent, over the previous year and here also, a record was established. Tho profit for the year is £16.679, an increase of £1,819. Together with the balance of £5,092 brought forward, there is £21.771 for allocation. The directors again recommend payment of a dividend of 6 per cent., absorbing £12,340, and that £5.007 be carried to general reserve, making a total of £60,000 in that account, and that the balance of £4,424 be carried forward. Following is a comparison of the company’s results for the last three years:—

In 1927-28 the reserve was increased by £.1,504, appropriated before declaration of the profits. The retiring directors, Messrs. J. E. Makgill, A. Orr and TI. E. Worsp, have been re-elected unopposed to the directorate. OF INTEREST TO INVESTORS NEW FINANCIAL PUBLICATION A publication of considerable interest to investors and, in fact, all those who hope to put aside a portion of their earnings from year to year, comes to hand from the Stock Exchanges Association of New Zealand. In the past each of the metropolitan Exchanges throughout the Dominion has been issuing a small monthly sheet containing a list of New Zealand stocks with market prices and other items of interest to the investing public. The new publication, “The New Zealand Stock Exchange Gazette,” goes farther. Modelled on the lines of the best overseas financial journals, it deals with several features of the investment market, aiming to sift the “oats from the straw” in the interest of those who seek sound investments. Balance sheet reviews and considered opinions on new flotations are two of its features. Thero is much scope for such a publication in the Dominion, and it should be widely read by all who are interested in sound investments.

Juno 30. Lambs. Sheep. Pigs. Cattle. 1925 110,40 4 16.276 3,417 15,282 1926 115,242 23,100 1,081 6,163 1927 130,538 24, S28 25,066 7,629 1928 157,119 14,578 54,454 12,869 1929 176,996 9,114 112,355 6,707

Brought forward Xet profit 1926-27 £358 14,472 1927-28. £2,554 14,8 I 61 192S-29. £5,092 16,670 To reserve £14,830 £17,415 £21,771 Dividend 6 p.c. 12,276 32,323 12,340 Carried forward £2,554 £5,092 £4,424