CANTERBURY FROZEN MEAT
REPORT DISCLOSES LOSS FUNDS FROM THE RESERVE [Per Press Association.] CHRISTCHURCH, Dec. 3. The forty-ninth annual report of the Canterbury Frozen Meat Company states that, tho net loss for the year was £47,388 17s, but after deducting profit received from the realisation of War Loan £11,365 14s and the amount carried forward from last year and adding the dividend paid at the half year the balance at debit in the profit and loss account is £41,756. The directors propose to transfer £49,000 from the general reserve to tho profit and loss account, which will then show a balance of £7,244, which they propose should be dealt with as follows. A further dividend of 3 per cent., £6,375; carry forward £869.
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Bibliographic details
Wanganui Chronicle, Volume 73, Issue 440, 4 December 1930, Page 7
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123CANTERBURY FROZEN MEAT Wanganui Chronicle, Volume 73, Issue 440, 4 December 1930, Page 7
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