Page 8 Advertisements Column 4

Otago Daily Times, Issue 21982, 17 June 1933, Page 8

SS THERE A SHIPPING I TRUST I THE N. Z. Overseas Ship Owners have published to our open letter, and this reply is headed “Important Statement/ 5 To the public the importance of this statement Ijes in the claim of the three Shipping Companies to arrogate to themselves the right to say what companies shall be allowed to participate in the New Zealand trade. They state that our application for a share of that trade was so refused because the lines do not see why they should be expected to give up a share of the trade which they have built up> and developed. Fortunately, the Control Boards are not likely tci submit to the dictation of the Shipping Companies in this matter. If the N.Z. Overseas Ship Owners desire to retain the trade, surely they should be prepared to do so, not by the exercise of monopoly, but by the successful application of their experience and equipment, against the experience and equipment of other companies. They state secondly: “The producers of New Zealand insisted, as a condition of the contract, on the Shipping Companies under * taking to refrain from entering into any competition with Merchants/* This will be news to the vast majority of producers in New Zealand. If they mean the Control Boards insisted on this condition, will they publish the clauses? The only condition of this nature that we know of? is clause (26) of the Meat Board’s Contract, which reads:— “That the Shipping Companies agree that they will no t directly or indirectly purchase or become in any way directly osr indirectly interested in the purchase! of sheep, lambs, cattle or tho meat thereof in the Dominion.” Have none of the three Shipping* Companies or the Companies that control them or are allied with them, any shares, debentures or interests in any Freezing Company? Have they overlooked tho shareholding by the Commonwealth & Dominion Line of 2598 shares in the N.Z. Refrigerating Company and the holding by the N.Z. Shipping Company of 18,000 shares in the Southland Frozen Meat Company? , / , 4 '■, ' > "' V Our open letter to the public of New Zealand contains a clear offer to set up and work with a local Advisory Board; a promise t<J assist, to the utmost of our ability, the development of the chilled beef trade, a business in which we have had long and unique experience and for which our ships are specially fitted; and last, hut not least, a promise to reduce both inward and outward freights. The excellence of our boats is admitted, even by the opposition; shipping lines, and in order to meet all contingencies wo have advised the respective Control Boards that, if they desire it, we are prepared to take up a larger proportion of the trade than the one-tenth for which we originally applied. No attempt has been made by the three signatory Shipping Companies or by the British Maritime Trust, or by the White Star Line, or the Furness Withy Company, or whatever line is at present controlling the Shaw Savill Company; by the C, & D. Line, or by the Cunard Company which controls it, or by the New Zealand Shipping Company or the P. & O. Company which controls it, to justify their present rate of freights. They have assumed that the public requires no answer to these questions if they are told that! our Line is controlled by Vestey Bros. Perhaps they think the producer will forget the important question of freights if sufficiently diverted with extracts from Sir Edmund Vestey’s speeches and pamphlets. BLUE STAR LINE

THE PRIVATE TRUSTEE’S POINT OF VIEW. The work involved in Trusts is considerable, and often very intricate, and the risks and responsibilities attached to the position are frequently quite beyond the anticipation of individual trustees, who, as a rule, are expected to act without remuneration. Until the establishment of Trustee Companies, a private individual frequently had no alternative but to accept the trusts pressed upon him by relatives or friends, but now he may, without giving offence, suggest jthe appointment of THE , PERPETUAL TRUSTEES CO., LTD. . Particulars as to the service offered by the Com- ’ pany may be obtained from any of the Branches at : DUNEDIN, CHRISTCHURCH, TIMARU, OAMARU, INVERCARGILL. ALFRED IBBOTSON, Genera! Manager.

Other Commercial News appears os page 18. Order 11 Huia," the butter that is mad* from the finest Otago cre»m.~Advt.