BIG THINGS IN THE FISH TRADE.

Auckland Star, Volume XLIX, Issue 87, 12 April 1918, Page 3

BIG THINGS IN THE FISH TRADE.

UNDER A CO-OPERATIVE SYSTEM. Afr. A. tSanfortl informs us that step? are being taken to form vSanford Limited into a co-operative company of all the consumers of fish in "New Zealand. The proposed shares will be pound shares, and no shareholder can hold more than one share. The business can be. bought at a fair valuation, and the subscribed capital will be more than enough to allow the business to expand, without paying any interest, until it embraces evorv fish' eater in New Zealand, and after the war every fish eater in the civilised world. Tin- articles of association will provide that no "profit" is made over and above the necessary amount required to replace and maintain the instruments of production in use. The shareholders will draw their big dividends in the form of low charges for fish. Mr. Saiiford. while taking no active part, and drawing no salary, will give his advice free at any time, and is prepared to devote the remainder of his life in exteuding the principle of co-operation, as against State or municipal ownership, to aTI other industries, until no person in the world can possibly draw money that he does not honestly earn, and war will be no move, because the whole human race will have nothing to fight for. ' Bank of New Zealand old issue shares were easier to-day, being offered at 2-17/6. Tbe demand for paid issue, Auckland Gas. was steady at 27/, at which rate L.OB. Timber were also asked for. Both issues of Wilsons Cement were asked for at 2S/B, and New Zealand Drug could have been placed at 50/.