Wellington Meal Company

Wairarapa Standard, Volume XIX, Issue 1796, 17 February 1886, Page 2

Wellington Meal Company

The second annual rep it an 1 h-i!aa<v sheet of the Welling; 11 Meat Preseiving met liefr g-nating Company, lobe presented at th# meeting on the 2Jlh, states that the past year Lae been in all respects inns’, unf tv..m. able for the business in which the compae., is engaged ; and the directors regret that owing chietlv to the low ruling prices tor tallow and wool,"and the excessive comp, tltiou in me retail butchering business, tue < peratioijK r.ir the year show a serious loss. While tb# market for the company’s products remains ia its present depressed stale, the chief source of profit for the company must be in its retail shops, and a general reduction of expenditure, to which objects the directors are now devoting their attention. The profit and loss account shows the amount of gross profits on sales to be LI 1,563 8s lOd, and amount derived from rents LBl3 9s Bd. When these amounts sre supplemented by the sum of L 538 16s 3d, which includes the reserve fund, LSOO, and tbs balance of the last profit and loss account, less L3OO voted to the directors, the total receipts are Mill short of the expenditure by the large eum of L 8931 Iss fid. Among the larger items of expenditure are wages, L 4094 Its Id; miens*, L 1845 Ids id ; interest, LlOfid fis 3d ; gsooral charges, L 9503 13s 3d ; and shops, LMH dl W.