Warning On Meat Funds
(N.Z. Press Association) WELLINGTON, June 25. A warning that the meat Industry should not throw away its reserve funds too cheaply was given to the annual meeting of the meat and wool council of Federated Farmers by the chairman of the Meat Board (Sir John Ormond) today. Instead of keeping ahead of inflation, the £40,000,000 was staying put, he said. On some investments the industry was losing money. In terms of pounds, shillings and pence the industry should be a lot better off and the fund should automatically be worth £50.000,000.
It was right that the electoral college should know of what was happening in regard to the funds at this stage so that the question could be discussed at greater length in August when the annual meeting would be held.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19640626.2.38
Bibliographic details
Press, Volume CIII, Issue 30477, 26 June 1964, Page 3
Word Count
135Warning On Meat Funds Press, Volume CIII, Issue 30477, 26 June 1964, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.