THE NEW FREEZING WORKS.

Dominion, Volume 2, Issue 472, 2 April 1909, Page 3

THE NEW FREEZING WORKS.

v— DISCUSSED AT PALMERSTON. (BY TELEGRAPH —SPECIAL CORRESPONDENT.) Palmerston North, April 1. A meeting of those interested in tho establishment of a co-operative freezing works was held under the auspices of the farmers' Union yesterday afternoon, the meeting being called in response to a resolution passed at Masterton last Wednesday week to the effect that a co-operative freezing works be established on the lines of the Gisborne Sheep Farmers' Frozen Meat Co., Ltd. A further resolution was carried at tho same meeting to the effect that tho nominal capital of the company bo £100,000, and that tbo minimum subscription, upon which the u ire ni° n rs n^ ay P roceed to allotment of shares, be £10,000; that tho nominal capital bo divided into shares of £1 each, and that tho basis for the liability of shareholders be approximately 6d. per sheep on the last assessment of llocks—this to bo optional. Mr. Balsillie presided, and a number of tanners from the surrounding districts were present. Mr. J. C. Cooper, one of tho provisional directors, appointed at Masterton, addressed those present on tho necessity of establishing the proposed works. He stated that any farmers, during tho past season, Tiad been unable to dispose of their fat stock. If t had been possible to do so the financial stringency would not havo been 50 acute. As 1,1 n't V O,gESt , COln!le{itor Which Wfe had on the Home market was the Argentine, Wh la neai '° r tho London markct . while land thero was exceptionally cheap There was no des.re that the works should be established m the Wairarapa. We ge„ era] feeling was that they should be eshl - lishcd near a seaport. The r ance had also to bo faced, but it should bo remembered that so far as tho present season was concerned, farmers had probX lo»t the price of the freezing works through not being able to dispose of their fat stocT ™ '!■+£ sam .° conditions obtained next J car with regard to the season, there was every probability that a similar' loss would be experienced m the Wairarapa. There was also a feeling that dairy farmers should m Idn fni 11+ provision should bo and pigs. rre'a ° e ' *°r -handling ,i' r - J " J- Lom-ix, a shareholder in tho panv Ltd nl« I,arl ? ora ' A™®! Ment Comn.i '■ r sp -° kc ' ? Ie stat «l that he had no hes tation in saying that tho Masterton people were 111 favour of Wellington as tho sito_for the proposed works iVo definite action was taken hut tl, n matter will be further discussed at the Far mers Union meeting on Saturday, ami on, ?o ™«ond tT tM 7" Probably b « "PPoinM April 7 ConforeUc e at Woodvillo on