THE MEAT EXPORT TRADE.
[Per Press Association.]
MELBOURNE, January 23. The promoters of the National Trust in connection with the meat export trade have formulated a scheme, which is now being considered by the agricultural and pastoral societies throughout the country. They urge the Government to pass a Bill to enable the stockholders of the colony to form themselves into a trust and develop the meat export industry; that power be given to levy a rate on all stock ; that a sum of £145,000 will provide amplefundsto establish freezing and storage works in Melbourne, Geelong, Warrnambool, and any suitable place in the country districts, this money to be provided as required by the issue of debentures at 5 per cent, interest, guaranteed by the Government. In order to provide interest and repayment of the debentures a tax of only 2s per 10Q sheep upon the 13,000,000 in Victoria would be necessary. This tax would bring in a yearly income of £13,000, which would provide interest and pay off the principal in fifteen years. A proportionate tax on cattle would probably yield £9,000, which could be used in redeeming the debentures or for the purpose of assisting in opening up markets in various parts of the globe.
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Bibliographic details
Evening Star, Issue 9601, 23 January 1895, Page 2
Word Count
206THE MEAT EXPORT TRADE. Evening Star, Issue 9601, 23 January 1895, Page 2
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