NEW FREEZING WORKS.

Dominion, Volume 2, Issue 465, 25 March 1909, Page 6

NEW FREEZING WORKS.

THE WAIRARAPA PROPOSAL. COMPANY TO BE FORMED. (DI TKUiaBAP2.—Sr-ECIAI ConitESrONDENT.) Master ton, March 24. A conferenco of delegates from tho Wairarapa and Bush branches of the Farmers' Union was hold in the Masterton A. and P. Association Rooms yesterday afternoon, when tho matter of establishing a farmers' cooperative freezing works was discussed. Tho following delegates attended: —Messrs. J. C. Cooper, Pahiatua (in tho chair); F. Perry and R. Clqphane, Martinboroughj R. P. Robortson, Pongaroa; G. H. Gwilliam, Horowhitu; T. Quirk and R. C. EUingham, Pahiatua; J. P. Loraax, Eketahuna; D. M'Gregor, jun., Mastorton; R. D. M'Kenzio and F. W. H. Kumnier, Mauriceville; F. Groves, Tcnui; W. L. Falconer, Kaituna; Holmes Warren, Pirinoa; W. Brown, Waitahora; J. Cross and H. Williams, Masterton. The chairman explained tho object of the moetiug, aud said that, although it had beon a record season for fat stock, farmers had not received tho full benefit, as existing companies had not been ablo to deal with the largo output. Tho fat lamb trade had now assumed very large proportions in the district, and companies had not kept paco with that advance. Farmers of tho district could soo that the conditions, as regarded dealing with the fat lamb trade, wero going to bo tho conditions of noxt year, and perhaps for some years to come. As things had been in the past, tho action of tho freezing companies had conduced to tho production of second-class animals, as nothing but heavy sheep were taken by the companies, and these were animals that tho farmers were told by Home people were not suited for the trade.

Mr. Perry stated that the Martinborough branch, at a meeting attended by about thirty members, had discussed tho matter in a very full manner, and the branch had decided that it was advisablo to start a cooperative company. To place the discussion on a formal basis, he moved that an effort be made to start a co-operativo freezing company in tho Wairarapa. Mr. Clephane second tho motion, which after discussion, was carried unanimously. Mr. Gn illiam then moved that the company bo formed on the lines of tho Gisborno Cooperative Freezing Company, namely, freezing on account of owners, who aro bound to freoze with tho company. Mr. Quirk seconded tho motion, which was carried.

Tho question of the financial basis of the company was next discussed, and Mr. Falconer moved that tho-nominal capital of the company bo £100,000, and that the company proceed to allotment on £10,000 being subscribed.

Mr. Groves seconded this motion, which was held over.

, Mr- Kummer moved that the works bo established at a suitable point to serve tho whole of Wellington province, and a greater area if necessary— Carried. i- Mr i & i V ill ia , m moved tllafc wo rts be established at Wellington. Mr. Groves seconded. Mr. falconer moved as an amendment that this matter bo held over for tho provisional directors to decide, contending that the directors would, after due investigation, be in tho best position to decide as to tho most suitable position. Mr. Perry seconded tho amendment, which was carried by ten rotes to four.

Mr. Falconer's motion regarding capital was then discussed and carried unanimously Mr. Gwilham moved that the Gisborno Company s basis of holding shares bo adopted— namely, that the liability of each member bo faxed at approximately 6d. per head on his last assessment of sheep by tho agricultural returns, and that the face value of ordinary shares be £1. J Mr. Groves seconded the motion. A lengthy discussion ensued as to whether the terms- of this basis would bo found generally acceptable in the district, and it was eventually lost, an amendment by Mr. Perry king carried„that,the 6d. per head basis be not mandatory, but merely a basis for distribution of shares, and that capital bo subscribed on a £1 per share basis. _ A motion was then passed giving the provisional directors power to vary the terms of the foregoing resolution. It was decided to call the company the Wellington Farmers' Co-operative Freezing Company. .. b

it t. % motion of Mr. Perry, seconded by Mr R, B. Robertson, it was decided that the initial expenses be guaranteed by the delegates present. After discussion, Mr. Lomax moved that four members be appointed to the provisional directorate, and that vacancies bo filled after a conference with Palmerston representatives

Mr Gwilliam proposed ,and Mr. M'Greeor seconded, that a committee, consisting of Messrs Quirk. Lomax, Cooper, and F Ferry, be appointed to carry on the business of the company untd such time as a provisional directorate be appointed.—Carried It was decided that the committee act as delegates to a conference with tho Manawatu representatives, the date and place of meeting to be arranged by tho committee