N EW ZEALAND DRUG COMPANY.
— _♦ ANNUAL MEETING. TPeb Press Association.! DUNEDIN, March 17. The nineteenth annual meeting of the New Zealand Drug Company was held this afternoon, when a dividend of 7 per cent was declared. Mr Sievwright, the chairman, in proposing the adoption of the report, said the profit and loss account called for no comment, beyond the fact that the net profit available was better than in former years. He expressed regret that,' notwithstanding all the expense the company had gone to and after the strenuous endeavours they had made to get linseed locally grown to keep them going, they could not get ifc done. He complained that the tariff hampered them in the acid and manure sections, the Government having put a duty of 22 per cent on acid packages which the company had to import, but allowed outside makers of acid to send in the same packages, if filled from outside the colony with acid, absolutely free.
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Bibliographic details
Star (Christchurch), Issue 6131, 18 March 1898, Page 1
Word Count
161NEW ZEALAND DRUG COMPANY. Star (Christchurch), Issue 6131, 18 March 1898, Page 1
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