National Dairy Conference

Manawatu Times, Volume 61, Issue 1423, 19 June 1936, Page 6

National Dairy Conference

MUTUAL INSURANCE SCHEME. Per Press Association HASTINGS, Last Night. The National Dairy Conference continued its sitting in Hastings to-day, members listening to addresses by Dr. B. Marsden, Secretary of the Depailment of Scientific and Industrial Research, and Mr W. M. Singleton, Director of the Dairy Division of the Department of Agriculture. Tho following remit, moved by the Westmcrc Co-operative airy Co., Ltd., was carried: “In the absence of information as to the Government’s method of marketing and distribution of our dairy produce and to ensure that dairy companies retain that goodwill for their respective brands which has been built up over a period of years by consistent good quality, this coiifeieuce urges that the companies’ present brands be used in conjunction with the Dominion brand.’’

Another remit was carried: “That the questiou of milk grading be referred to the Director of the Dairy Division in order to remove some anomalies which exist.”

The following remit, moved by the lvokatau Co-operative Dairy Co., was carried: “in the event of a premium boing paid on grade, the grading should bo done where the produce is sold and there should be only two grades." The conference adopted a mutual insurance scheme prepared by the special committee appointed at the conference last year, lho following is «l summary by the committee of the terms which would be offered to dairy companies and their suppliers for insurances effected direct with Lloyd’s Underwriters through the oiiicc of Bennie S. Cohen and Son (N.Z.), Ltd., acting as insurance brokers on behalf of the industry: —

1. Individual dairy companies would deal with the nearest branch or agency of Bcnuic S. Cohen and Son (N.Z.), Ltd. We have an assurance from this firm that if the exigencies of the business offering should prove sufficient inducement they will favourably consider the establishment of additional branches or agencies to give more effective service to the industry. 2. Individual factories supporting the scheme would supply the brokers forthwith with particulars of their current insurances so that the necessary policies would be in readiness to operate when the current insurances expired. In this connection we have had explained to us the routine methods followed by Bennie S. Cohen and Son (N.Z.) Ltd., in dealing with insurances and those members of the committee who have been handling this class of work for many years were agreeably surprised to observe the expeditious manner in which the routine work was handled. In comparison, the present methods appear cumbersome and expensive. This is an aspect which will make a special appeal to dairy company secretaries.

3. The proposals which have been submitted by Lloyds Underwriters through Messrs Bennie S. Cohen and Son (N.Z.), Ltd., enable the committee to put forward a definite recommendation as to the Tates to be charged for fire insurance to factories and suppliers We draw attention to the fact that in the table of rates we have made provision for a sum to be placed to reserve. This amount would be paid by the insurance brokers into a fund established in the names of the trustees apeointed by the industry.