Fertiliser Works
Sir, —Having promised to take shares in the co-opera-tive fertiliser works and having paid 10 per cent deposit presuming there would be only one works in South Canterbury, it now appears there will be two works. This makes investment in the cooperative, to say the least, unattractive. Fanners who have promised to subscribe should now be given the opportunity to affirm their support for a co-operative
works in view of the likelihood of two works in the area. Having received £4O deposit, the hand will be out for the remaining £360, which will be hard to find. Should the co-operative company fail to succeed under the pressure of competition, does the Government step in to protect the Meat Board’s investment and end up in the fertiliser business?—Yours, etc., WONDERING
December 15, 1966. [Mr R. H. Kerr, chairman of directors of the South Island Fertiliser Company, Ltd., replies: “Your corresponis correct, it looks as if there will be two works, but one must realise that the cooperative will be the only full works producing an ex-works price. The farmers’ support we have received justifies the establishment of a co-operative works. The New Zealand Meat Producers’ Board in backing this project has considered all the factors.”]
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Bibliographic details
Press, Volume CVI, Issue 31249, 22 December 1966, Page 12
Word Count
206Fertiliser Works Press, Volume CVI, Issue 31249, 22 December 1966, Page 12
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