The Beaufort News, Thursday,
Jan. 1, 1920
Ice Company Will Double
Size of Plant; Increase Capital Stock
A meeting of the
stockholders of Beaufort Ice Company was held Monday night at which it was
decided to take steps at once to double the size of its plant.
The present capacity of
the factory is 10 tons a day and this will be increased to 20, thus assuring
Beaufort of a plentiful supply of ice for next summer. A stock dividend of 33
1/3 percent was declared, and $4,000 worth of new stock will be sold. This
increases the capital stock from $12,000 to $20,000. The directors were also
authorized to borrow additional funds to use in making the enlargement of the
plant.
When the ice factory was
first built and for a number of years afterwards, it was plenty large enough to
meet all demands, but the increased fish business here and other demands have
outgrown the producing capacity of the plant. The contemplated enlargement will
probably be sufficient to supply all the ice needed by the community for some time.
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