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The Cyclopedia of New Zealand [Wellington Provincial District]

The Gear Meat Preserving and Freezing Company of New Zealand, Limited

The Gear Meat Preserving and Freezing Company of New Zealand, Limited. Directors, Messrs. James Gear (chairman), D. Anderson, J. R. Blair, H. Beauchamp, H. D. Bell, M.H.R., N. Reid, and Dr. A. K. Newman, M.H.R. General manager, Mr. W. H. Millward. Head office, Lambton Quay, Wellington. Telephone 116; P.O. Box 164. Bankers, Bank of New Zealand. Retail shops, Lambton Quay, Cuba and Taranaki Streets, and Adelaide Road, Wellington; and at Jackson Street, Petone. This successful Company, whose works are described under the heading “Petone,” was incorporated in 1882. The capital is £100,000 in 10,000 shares of £10 each, the whole of the shares being allotted. The full sum of £10 is paid up in respect of 1000 shares, and £4 per share on the remaining 9000 shares, making £46,000 actually paid up. The Company claims that the business was originally established as long ago as the year 1840. The Gear Company has steadily paid dividends since its incorporation—at the rate of ten per cent. on its capital—besides accumulating a reserve fund of £15,000 and an insurance reserve of over £10,000. The value of the Company's freehold and leasehold properties, with the working plant and machinery, is nearly £65,000. The Company has earned the reputation of being one of the most successful colonial undertakings of the kind.