THE MEAT INDUSTRY.

Marlborough Express, Volume XXXI, Issue 17, 23 January 1895, Page 2

THE MEAT INDUSTRY.

[united pbbss association.]

Melbourne, January 28. The promoters of the National Trust, m 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 stockholders of the colony to form themselves into a trust to develop the export industry ; that power be given to levy a rate on all stock; that a sum of £145,000 will provide ample funds to establish freezing and storage works m Melbourne, Geelong, Warnambool, Portland, and any suitable places m country districts j 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 debentures a tax of only two shillings per 100 sheep upon the 18,000,000 m "Victoria would be necessary. This tax would bring m a yearly income of £13,000, which would provide interest and pay off the principal m 15 years. A proportionate tax on cattle would probably yield £9,000, which could be used m redeeming the debentures, or for opening up markets m various parts of the globe.