FROZEN MEAT PURCHASE
NEW IMPERIAL SYSTEM.
The following cablegram from the Right Hon. Sir Joseph Ward (Minister for Finance), has been received by the Hon. Arthur Myers (Acting-Min-i/iter for Finance):— "Treasury have s.greed to pay 75 per cent, on all meat after three months in store."
Mr. Myers's comment on the above message is that the information it contains will be received with much satisfaction not only by the owners of the meat in store, but by the community generally, as it will considerably relieve the financial position owing to the large quantity of meat that has accumulated as a result of the shortage of shipping. Hitherto the Imperial Government has assumed ownership of the meat as soon as it reaches the freezing chambers, and storage is paid there on one month afterwards at the rate of 3-32nds of Id per pound per month coninuously until the meat is shipped, when, payment for the value of the meat is made in exchange for the shipping documents covering it. The Imperial Government has already advanced a sum of £3,000.0C0 against meat, which sum has been distributed pro rata. Now it is proposed to advance 75 per cent, of the value of the meat after it has been in store for three months.
Payments on account of meat purchased by the Imperial Government for 1917----18 amounted to £6,119,747.
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https://paperspast.natlib.govt.nz/newspapers/EP19180828.2.55
Bibliographic details
Evening Post, Volume XCVI, Issue 51, 28 August 1918, Page 8
Word Count
226FROZEN MEAT PURCHASE Evening Post, Volume XCVI, Issue 51, 28 August 1918, Page 8
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