Combination in the Butter Industry.

Manawatu Standard, Volume XLI, Issue 8141, 15 November 1905, Page 5

Combination in the Butter Industry.

(Per Press Association)

ELTHAM, This Day. An important arrangement in connection with the Taranaki butter and cheese industry has just been completed by the Egmont Co-operative Box Company of Eltham inducing practically all the co-operative dairy companies in the province to become shareholders. The present seventeen shareholding co-operative dairy companies have been joined by ten of the leading factories, while nine smaller companies are likely to join immediately the present contracts expire. The effect of the., innovation is that the co-operative companies will have the manufacture of boxes in their own hands. The company has secured a contract for the supply up to two million feet of white pine per annum for a term of fifteen years at a price that will enable them to make boxes at a satisfactory cost. The output will be increased to a quarter of a million boxes per annum, necessitate ing the re-building of the factory and the installation of considerable new machinery, which has been ordered. The company last year paid twelve per cent, to the shareholding companies. The success of the negotiations is regarded locally as a triumph for co-operation.