CHRISTCHURCH MEAT COMPANY.

Timaru Herald, Volume LXXXIII, Issue 12906, 21 February 1906, Page 5

CHRISTCHURCH MEAT COMPANY.

* THE AXXtfAL REPORT.

HEAVY LOSS OK THE YEAR

Per Press AwocJaUon. CHRtSTCHCRCH, February 20. The annual report of tie Cbrintcburcb Meat Company, Limited, was issued yesterday?- It is to be presented at tbe amnjal meeting- of shareholders on tbe 28th inst. Tlie directors, in submitting tbe sheet and profit and I©** account- for tbe year ended 31*t October. 1905, regret that tbe year's operations thovr a loss., • Th© serious fa"l in the values of both mutton and lamb towards, tbe end of tlie seaMKi accounts for tbe heavy deficit .shown a* the result of the "year's working. Tfcc quantity of stock put through tbe various works of the company for tbe year, amounted to 1.263.095 * bead. Tbe operation* for tbe first- part- of tbe year were satisfactory, and such as to warrant tbe: directors in paying tbe customary interim dividend of 4 yer cent, for tbe half year; cwded-3Cih April last. The rarious work*; kept in good order throughout tbe Jen Vii'f .iir-iinst renewals and replacements. The .-M'hia! balance, at debit- of profit, sod I Joss is fbow-n :«1 £24.135 5s 9d. hot if tbe; interim dividewi aptwnionod on. tbe 30th April. 1305 .(£5358 7s Id!, is added to thi* it brings tlie total balance at debit of profit and loss to £29.493 12s lOd.