BACON CURING.

Press, Volume XLVII, Issue 7540, 2 May 1890, Page 6

BACON CURING.

PROPOSED COMPANY AT RANGIORA, A public meeting attended by about fifty persons was held in the Road Board office, Runglora, on Thursday afternoon, to consider the proposals for forming a Bacon Curing Company; Mr G. Cone was in the chair. The Chairman said that about a fortnight ago borne of the farmers had spoken to him respecting the sale of their pigs for the season, wishing to know what would be dove with their surplue stock. This induced him to visit the bacon factors, and he must say he met with a poor reception. They told him they expected to gat ail the pigs at their own prices, as they were bound to come in, and already they were almost swamped with offers. A considerable amount of information had come into his possession which he would be prepared to lay before any Committee or Company that might be started. He advised the floating of a Company under the general name of northern, so as to avoid any local jealousies. Relative to the assistance to be given to a proposed curiug factory, Che Chairman aliuUed to the importance of only sending in good meat in order to avoid "taints," upon which very often there was a large loss. A former trial of bacon curing at liangiora was attended with ' good success, and he did not see why under a new brand they should not take a premier position in the markets.

Mr J. B. Sheath, at the request of the Chairman, gave an estimate of a Company which would cure ia the first season about 5000 pig* of weights averaging 1501ba each. in reply to a question it was stated that the profits iv the estimate allowed for a third id weight between green and cured pigs. Mr AUDONOAN moved— ,. That a Company be formed, with limited liability, for bacon curing under the Companies Act; a Provisional Directory to be appointed by the meeting, with power to add to their number not less thau ten."

Mr J. McDowell seconded ttie motion.

Mr F. Becker moved and Mr J. Gallatbly seconded an amendment*-" That the meeting be adjourned till next Tuesday, for the purpose of electing Provisional Directors." The amendment was negatived* five only voting with it. The motion was then carried. .

The following provisional directors were apointed:—Messrs G. Cone, J. McDowell, F. Becker, i>. Graham, M. Duncan, J. Lilly, J. Power and W. Plaskett. Mr J. B. Sheath was appointed interim Secretary. ■,'"«'»*' It was resolved, on the motion or Mr. Graham. "That the Company be known as .the North Canterbury Bacon Caring Company." ■'■-•««■■»«■ It was resolved, on the motion of Mr M. DuwoANi M T»»t the capital of the Company be £20,000, in 20,000 shares of £1 each; 2a 6d to be paid on application, 2s 6d on allotment, calls of not exceeding 2s 0d per share to be made at intervals of not lees than a month. When 5000 share* are applied for, the Company to be registered, A meeting of Provisional Director* was subsequently held.