N.Z. BACON COMPANY.

Auckland Star, Volume LVII, Issue 144, 19 June 1926, Page 6

N.Z. BACON COMPANY.

I THE 3AN_'S 6UA.2ANT.EE_ : REIMBURSING THE DIRECTORS. \ ("y Telegraph.—Own Correspondent.) PUKEK.GHE-, this day. The case of the directors of the New. Zealand Bacon and Meat Packing Com-' paim who had to meet the bank guarantee on jthe day of going into liquidation, was considered'at'a "meeting of suppliers, of the New Zealand Co-operative Dairy Company. Mr. Dynes -Fulton, chairman of the : company, said that the two . Taranaki director's of. the ( bacon . company had' been reimbursed by the Taranaki dairy ! companies, but nothing-had been done # m the Yvaikjai'o.. . He pointed but that a levy of 2/ per 100'Olb of .butter-fat per annum for two 3'ears would mean only about £1 per atanufn for the average sup-; plier, but would help considerably toward reimbursing the Waikato directors, the three'of whbin Had been hard, hit through having T-o find several thousand pounds 'each. Mr. W. Gobdfellow said t l :e guarantee 1 had been gi'veii in the interests of Cooperation among the "farmers and the failure of the bacon company had been caused by unforeseen circumstances. The meeting, by a large majority, re- I solved to recommend that a levy of 3/ per 10001b of butterfat per annum be made for two years for the purpose in- . dtcatcd. \