FRUIT MARKETING PROFITS

Press, Volume XCIX, Issue 29268, 28 July 1960, Page 23

FRUIT MARKETING PROFITS

Ideas For Raising Reserve Fund Marlborough fruitgrower* want grower* to retrain from participating in any marketing profit* **!• fuad <* the New Zealand Apple and Pear Marketing Board reaches £1,500.000 In a remit to be discussed at the fourty-fourth annual conference of the New Zealand Fruitgrowers’ Federation. Ltd- in Christchurch next September, the growers ask the conference to agree to the proposal in view of the heavy financial loss incurred for the 1959 season’s operations. Hawke’s Bay fruitgrowers, in a remit, suggest that the clause in the Apple and Pear Marketing Act, authorising bonus payments fo growers from the £1,000,000 reserve level should be suspended until the reserves regain the level of November. 1958, Provision should then be made for the provision of: (a) 25 per cent to growers and 75 per cent, to the apple and pear board, of reserves of more than £1,500,000; (b) 50 per cent to growers and 50 per eent to the apple and pear board, of reserves of more than £1,750,000. It is also suggested that the board retain larger liquid reserves to meet losses, in order to avoid borrowing.