WANGANUI MEAT FREEZING CO.

Wanganui Chronicle, Volume L, Issue 12145, 2 September 1908, Page 7

WANGANUI MEAT FREEZING CO.

EIGHTEENTH ANNUAL REPORT

■jy. Fol\6yfiiig"is the .eighteenth isarmual .¥eport of tne Wanganui Meat %Freeziing r'Comj)any^,'to be'presented-to the a,ri.nual meeting <ot shareholders to-day^tfef3j

p.m. i-^ '•' ■ '■• '■ . v; ■, •■•:-'. : ■ >/•-■-:, •:The,directors-beg to present to shareholders the balance-sheet for the past year. The balance at profit and loss, in-; eluding amount carried forward froint last year, is £5413 0s 9d, which it is proposed to deal with by paying a dividend of 6 per cent, per annum on the paid-up capital of the company, and carrying forward tho balance, a result that should be.deemed satisfactory, considering the very serious fall in values of wool and pelts. The directors have great pleasure in stating that they have succeeded in securing a very favourable and extended lease of the land.on which the works are situated. At the end of the old lease a further term is secured, renewable every 21 years, rental to be on the basis of the unimproved value, the improvements belonging* to the company. It has been decided to increase tho capacity of the works, and with this, end in view a contract has been let for an addition to the engine-room, and a new freezing machine, capable of freezing 2000 sheep per day, has been ordered and will be ready for next season. Messrs Handley and Burnett are re-elected directors, there being no other nomination. As only two gentlemen offer themselves as 'auditors, viz., Messrs William Hall and William Rodwell, no ballot will be required. (Signed) E. A. CAMPBELL, Chairman.