FLOURMILL AFFECTED

Dominion, Volume 29, Issue 185, 4 May 1936, Page 3

FLOURMILL AFFECTED

Control in Wheat Industry Dominion Special Service. Auckland, May 1. Reference to the Government’s scheme of control in the wheat industry which came into operation earlier this year was made by the chairman of directors of the Northern Roller Milling Company, Limited, Mr. John Hellaby, at the annual meeting of shareholders. After reviewing the accounts. Mr. Hellaby said that for the post 36 years the mill had l>een progressive with the growth of the city. Capital expenditure had been made in order that the demand should he met and the plant had been run to its full capacity. Recent legislation bad checked that progress. The profit for the coining year had been arbitrarily cut down, and the company’s contact with customers broken, sales of flour living made through the Hour section of the Wheat Board office in Auckland. The company’s allocation for wheat gristing was made on its average for the past -three years. That was not enough to keep the mills running to full capacity and certain shifts had had to be stopped. Through, legislation the shareholders of the company hail had their savings or investment reduced bv £125.000, that being the difference in the value of their shares 12 months ago and uow.