FROZEN MEAT TRADE.

Gisborne Times, Volume XXVII, Issue 2441, 4 March 1909, Page 6

FROZEN MEAT TRADE.

BRITI9H-NEW ZEALAND MEAT COMPANY. [Press Association.] CHRISTCHURCH, March 3. At the annual meeting of the Brit ish-New Zealand Meat Company today a dividend (the first) at the rate of 6 per cent, was passed. The year’s operations showed a balance to credit of the profit and loss account of £2OBI. Mr. W, C. Orbell (chairman), in moving the adoption of the report and balance-sheet, which was agreed to, spoke hopefully of the company’s .prospects, He said that from wlmt lira had heard and read lately, a pessimistic feeling with regard to future prices had taken possession of mine Canterbury people. The old bogey had been again brought forward, and fears had been expressed that Australia and the Argentine were going to play havoc with the New Zealand meat trade. He did not believe, 'and never had believed it, and be still believed that a remunerative market would be always found for whatever quantity might come forward. It was only a question of time, and that not a very long one either, before the Continent with its huge population would be a consumer. Tim agraraian interests were in power at present, but the masses were becoming day by day more alive to their strength, and''were not going to pay lOd and Is 3d per lb. for meat when their neighbors could obtain it -for half that price.