Newspaper Article 1891/2 – Nelson Brothers

NELSON BROTHERS, LIMITED have posted warrants for an interim dividend at the rate of 10 per cent. per annum for the six months ending 31^st Dec. last. The company intend to raise the capital to £500,000 by the issue of 20,000 shares of £10 each distributed amongst the present shareholders, to provide for new refrigerating works in New Zealand, and increased storeage [storgae] accommoderation [accommodation], which is urgently needed in London. During the last three years there has been an enormous development of the business, which in the year 1891 increased to the extent of 50 per cent. In addition to the supply from New Zealand arrangements have been made to have meat from Australia, and new stores are built upon the Thames to accommodate 18,000 carcases. During the year 1889, the amount of meat sold was 23,000,000 lbs.; in 1890, 30,000,000 lbs.; and in 1891, 45,000,000 lbs.