THE DAIRYING INDUSTRY.

Otago Daily Times, Issue 18954, 30 August 1923, Page 8

THE DAIRYING INDUSTRY.

MEETING OF MASTE’RTON FARMERS. CAMPAIGN IN FAVOUR OF CONTROL. :Per United Press Association.) MASTERTON, August 29. The Dairy Fanners’ Union campaign to prepare for a referendum in November on the Dairy Control Bill, opened at Masterton to-day. A meeting of dairy farmers was addressed by Mr Fear '(dominion organiser), who stated that it was proposed to establish freezing works at Masterton capable of carrying a year’s supply, thereby ensuring a month’s supply of butter and cheese at a uniform price. Finance was suggested as a difficulty in regard to control, but the Dairy Fanners’ Union suggested the establishment of a Co-operative Dairy Farmers’ Bank with' a, capital of £10,900,000 guaranteed by the State. As a safeguard to the bank jd or l-3d per lb sinking fund would be paid in, and it would have a guarantee of the country’s produce behind it. Business men were becoming interested and offered to work through the bank and pay in their drafts for goods purchased in London. Tho board controlling the bank’s finances in London would then bo cabled to pay direct to the merchant for goods purchased, thereby saving tho huge exchange between Great Britain and the dominion, and working up a reserve fund for the bank. On the motion of Mr B. Robert® (president of the Wairarapa branch) it was decided that this meeting of dairy farmers representmg the Masterton and surrounding districts, pledges itself to work and vote for dairy control between now and the referendum.