THE MEAT POOL

New Zealand Times, Volume XLIX, Issue 11296, 23 August 1922, Page 7

THE MEAT POOL

ARGENTINE COMPETITION. (To tbe Editor “N.Z. Tunes.”) Sir, —Referring to tho above pool ill your Dominion, 1 would like to supply yog with a little information which 1 have got from a friend of mine who ha® just returned from a six months’ stay in the Argentine. This, of course, should be of some interest to you at the present rime es the Argentine is one of the principal countries competing far the meat trade. In that country there are at present 45,000,000 sheep, 27,000,000 head of cattle, 8,000,000 pigs and 9,000,000 horses. The principal companies operating there are Swift, Armour, the Refrigerating Company, and tbe British and Argentine Meat Company. In reference to the last company I observe from the “Financial Times” hem that it intends paying off in December next £600,000 of preferential debentures, end even then there will be about £450,000 left. Last year the Argentine exported 1,500,000 firosen or chilled sheep against 750,000 for tho year before. I also observed in the press here a week or two ago that the Argentine had made a sale to Germany of 80,000 head of cattle. From one of the financial papers here I »b*r. find that the principal exports from the Argentine tor the year ending May last were as follow: 2,098,000 tons wheat. 686,000 tons com. 321,000 tons linseed, and 357.000 bales wool. Shipping freights in that country have ala* been reduced.—l am, etc., C.R. CHAPMAN (Dunedin). London, July 7.