Page 44 Advertisements Column 1

New Zealand Graphic, Volume XLII, Issue 16, 21 April 1909, Page 44

The twelfth annual general meeting of Bovril, Limited, was held on February 23, the Earl of Arran (the chairman of the company) presiding. The chairman; in moving the formal resolution for the adoption of the report and accounts for the year,, said the net jAofits earned are only slightly better than those of 1907", being €120,314 9/10, as against £119,9'71 13/. The substantial amount of £lO.OOO carried to reserve from the 1907 accounts brings that fund up to £175,000. An important development in connection! with the supply of raw materials is the formation of Argentine Estates of Bovril, Limited. These estates consist of a large group of “estancias,” situated' in the province of Entre Rio and Santa Fe, in the Argentine Republic. The area of the freehold property alone is 438,000 acres. Tire present stock of cattle on the estate® is between 100,000 'and 150,000 head; and the quality ofjihe cattle is being constantly improved by the purchase of fin® breeding stock. “I think you arc awar®i that we have always drawn large supplies of raw material from our colonies,” said the chairman, “and I should be sorry for you to think that under the new, arrangement we arc turning our back upon them now. The faet is, our eolonie'a have not been able to provide the quantity of raw material wo require; when their output increases we shall be ready for it.”