FROZEN MEAT RATES.
(Per Press Association.) WELLINGTON, May 25. It is not considered probable by local shipping authorities that the decision of the shipping companies trading between London and Australia to increase the freight rates on frozen meat as reported by cable to-day to fd per lb will have any effect on the rates from New Zealand. In Australia the freight rates are largely determined by. supply and demand, and at the present time there is a material shortage of tonnage having refrigerated cargo space owing to the eplendid season and the abundance of meat cargo offering. The New Zealand rates are generally fixed at the commencement of the busy summer season and the shipping companies make contratcts with exporters on the basis of these rates with a. view, however, of inducing the freezing companiee to distribute their shipments over the year. The rates are generally reduced in June, at the commencement of the slack winter season, during which there is a shortage of cargo. This is the only alteration contemplated locally. From the increase in the Australian rates it may bo inferred that the> shipping companies are realising thft advantages of their position.
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Bibliographic details
Manawatu Standard, Volume XLI, Issue 9224, 28 May 1910, Page 3
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194FROZEN MEAT RATES. Manawatu Standard, Volume XLI, Issue 9224, 28 May 1910, Page 3
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