VESTEYS AND MEAT BOARD

New Zealand Times, Volume L, Issue 11653, 18 October 1923, Page 8

VESTEYS AND MEAT BOARD

POVERTY BAY FARMERS’ MEAT COMPANY. iTo the Editor "N.Z. Tirnea.") Sir —Jt is unthinkable that the Yea* teys/or any other overseas trust,should be allowed to increase bv one iota their freezing works holdings in New Zealand, or the killing capacity of their present works. f Lhis is one of the vital princip'cs for which control of the meat export trad© was demanded by New Zealand producers. tin the other hand, the bank has a legal and moral right to realise on default the securities held from the Poverty Buy Farmers’ Meat Company, and rau'ht be protected in such right. Consequently, unless all tho high aapiratons with which the Meat Export Control Act was passed are to be admitted at the first difficulty to be unattainable. the Meat Board must dig up the courage which the producers have a right to expect from their elected representatives, and either: (a) Secure financial assistance to enable the present Farmers' Co-operativ# Company to carry on under impro'ed management; (b) Find other purchasers are not subject to the same objections as Vestcvs; Or. failing either of the above, take over these up-to-date works at the knockdown price at which they have been offered to Vesteys and run them in the interests of the producers themselves. COLD LOGIC.