A REMARKABLE YEAR

Wanganui Chronicle, Volume LXXXII, Issue 19439, 27 October 1925, Page 6

A REMARKABLE YEAR

BEST IN HISTORY FOR MEAT PRODUCERS.

WORST FOR FREEZERS AND EXPORTERS. [Per Press Association.] MASTERTON, Oct. 26. At the annual meeting to day of the Wairarapa Frozen Meat Company, which was formed two years ago to operate the freezing works formerly owned by the Wellington Farmers’ Meat Company (in liquidation), the chairman, Mr W. D. Hunt, said it was not deemed advisable to pay a dividend this year, but to add the profit of £2157 to that of last year, making a total of £47.32.

“The year under review will go down in the history of the meat indus- j try of this country as the best the j meat, producers have ever had, and one ; of the worst, if not .quite the worst, I that frozen meat companies and moat ; exporters have experienced,” said Mr! Hunt. “From stock raisers’ point of I view last season was climatically one J of the best New Zealand ever had. j Prices paid to growers for fat sheep | and lambs were tho highest ever paid, j The combination of a splendid season I and splendid prices was a remarkable I one. We have never had such a com- ; bination before, and it may be a long time before we have a similar one I again. Freezing charges were cut to ; the lowest point known since pre-war I days, and are not far from the rates ; obtainable then. The rates were too j lot. to be profitable. Those freezing I works which merely worked for a freez- | ing charge and did not purchase any ■ stock on their own account were only ' able to come out on the right side by I most careful management. Their ex- i perience, however, was happy when compared wtih that of buying com- . panics and exporters, who have all lost heavily through falling markets.”