The directors of the GJsborne Sheep-farmers' Frozen Meat and .Mercantile Company report an increase jn the quantity of stock treated, particularly in the number on "owners' account." The profit for the year, including . £2-4 brought forward from last'year amounted to £18,797. The balance-sheet shows a reduction in the bank overdraft from £114,883 to £55,507. At an extraordinary meeting it W'i l De proposed to write down the capital. The total losses at Hicks Bay contributed by the company to the end of August last is £296,000, toward wiiiph the Hicks Bay shareholdejss have contributed some £28.000.
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Waikato Times, Volume 104, Issue 17554, 8 November 1928, Page 7
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96Untitled Waikato Times, Volume 104, Issue 17554, 8 November 1928, Page 7
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