BUTTER-FAT AND TRADING.

New Zealand Herald, Volume LXIV, Issue 19567, 21 February 1927, Page 8

BUTTER-FAT AND TRADING.

Sir, —The New Zealand Dairy Company announces that it has bought an interest in a manure works. It is stated that suppliers will not require to take up shares or incur any further liability in any way. The statement is made that tho directors of the company had already decided to invest £50,000, to be made up out of reserve fund by placing £25,000 a year for two years to this fund. It seems to me mere camouflage to say suppliers will not require to take up shares or incur liability. Does not the £50,000 that the directors have decided to put into manure works and £SOOO into a wireless company represent money that should be paid out to suppliers as a butter-fnt bonus ? If not, perhaps, tho directors will enlighten suppliers where tho money comes from and why they so freely invest such large stuns without first asking suppliers J'or (heir consent. {Suppliers seem to be left quite in the dark as to what money they should receive in bonuses when directors are in a position to hold back large sums to be placed to reserve. As a, supplier, I strongly object to have money that 13 due to me invested by anyone without my consent. J'ayotjt.