COMMERCIAL.

Press, Volume LIX, Issue 17890, 10 October 1923, Page 10

COMMERCIAL.

p.B. FARMERS' MEAT COMPANY.

DIRECTORS' RESOLUTION.

(mw to "ra» »»M'l

GISBORNE, October 9. There was a large attendance at the meeting of shareholders in the Poverty Bay Farmers' Meat Company thte afternoon. The meeting was convened to receive a report from the Board of Directors and to discuss tho possibility of an arrangement in regard to meetin. the requirement* of the company « bank. The meeting was not open to the Press representative*. The following statement was issued by the directors in reference to the statement of Mr Pav.d c-ioacitv as chairman of the and Meat Producers' Board tart th. t tfthTcoTd m S ly noleXS Bros, the Poverty Bay Farmers' V, orks it !ney clc^d y and dismantled their other works, some eight miles away. IMS they have agreed to do. At a meeting of directors, of the Povertv Bay Farmers' Meat Co. it was Sccf not to accept the Board's invitation for a conference with this company unless an assurance is first gwen that what is stated in Mr Jones' remarks does not amount to ment bv the Board, arid a further assurance that the Board is prepared to weigh the whole matter both from the point of view of the shareholders of the company and of tho meat *«"«» generally throughout New Zealand, and, further, that the Board and Mr Jessep, vice-chairman of the Board, disclose with whom they have been communicating in this matter. So that this company may know whom and what it is fighting. Failing this assurance being given and the correspondence disclosed, the directors recommend that the shareholders place tne full responsibility for the right and proper thing being done in the matter upon the Government and the Meat Board, for either the legislation is to be effective or otherwise, and in adopting this course they say that neither the Government nor the Meat Board are justified in penalising the meat producers of this district because Vestey Bros, are operating here, as they have repeatedly asked both Parliment and the Government to stop them so operating by owning freezing works. The meeting approved of the resolution.

After a lengthy discussion a resolution was carried without dissent adopting certain terras and arrangements suggested by the directors as a means of meeting. the requirements of the bank.

Mr Lysnar subsequently said he was not prepared to say what the suggestions involved. The shareholders would be canvassed with a view to securing general support.

AN AUCKLAND PROTEST.

(PRESS ASSOCUTIOW TBUGBAX.)

AUCKLAND, October 9.

A strong protest, against the attitude of the Meat Producers' Board in regard to the proposed purchase by Vesteys of v the Poverty Bay Farmers' Meat Company's works was made by the Provincial Executive of the. Farmers' Union: to-night.

WAITAKI FREEZING CO.

(SPICUL TO "THE PBKSS.")

WALMATE, October 9.

Shareholders in the Waitaki Freezing Company will be pleased to learn that' the balance-sheet to be issued shortly discloses a very satisfactory state of affairs in regard to the company 'b.operations at the Pukeuri works. The company, although starting rather late last season, and hindered by a Btrike, handled more carcases than in the previous season's freezing, under the old company. This year it.is expected to do even better. Mr D. Williams,, chairman of. directors, speaking torday, said:—"We'wore late in taking over the works, and many farmers had .already made arrangements with other companies. In addition, we lost from 12,000 to 13,000 lambs during, the strike, yet in face of this we will show a pretty fair profit on the year's working. We do not contemplate paying a dividend, although we might, do so comfortably, enough. Our position would justify payment of a dividend, but although we are securely situated, we are going to make the position still more secure. The labour .wfflculty is not lively to reour. . We had much trouble to contend with, and had had to carry on with inexperienced butchers. The new chums had done their best. Now the Pukeuri works had their own union, and the men were not. likely to be drawn into outside disputes. In this respect we are probably better off than any other freezing 'company in New Zealand to-day. The company is now ready to start with a full board of butchers at any time." _^- POPTTLARISING KZ. LAMB. (rSXSS MSOCXIZIOX RLKGXAX.} WELLINGTON, October 9. The scheme of the New Zealand Meat Board for popularising New Zealand lamb on the Home market is reported ■ to have caught on remarkably well. It will be remembered that late last month the Board inserted in the Press notices to the effect that in order to advertise New Zealand lamb arrangements had been made to deliver single carcases of lamb to any address in Great Britain for £1 13s per carcase. All that was necessary was. that the person at. this end should send to the-Meat Board the amount mentioned.and the address of his friend in Great Britain. Although the first advertisement was not published until September 29th, orders reoeived tip to to-day totalled 191. Besides being an. excellent "result, the response shows the value of newspaper advertising, 191 orders having been received in the short space of eleven days. The idea, of course, u to introduce New Zealand lamb into homes in Great Britain, the Meat Board being confident that if this is done the unwarranted Kejudice against tho frozen article will overcome. New Zealand lamb is the finest in the world, and those interested in its production or marketing have no fear of it not standing the test against all comers. DUNEDIN EXHIBITION, ItJMCttt to "aa rasss.") \ k - . J>TJNEDIN; October 9. * xt a "P 6 ™* l meeting ;of the directors of New Zealand and South Seas Exhibition Company, jt was decided to appoint a secretary at a salary of £7OO r* annum,